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London
£159,000
Listed on 25/09/2026
Listed on 25/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This first-floor flat on St Elmo Road presents a significant renovation project, ideal for those looking to create value through extensive updating. While the property shows considerable wear and damage throughout, it offers a canvas for potential transformation. With a dated kitchen and bathroom, there’s ample opportunity to modernize the space and enhance functionality. The solid location, with good transport links, adds to its appeal as a long-term investment.
However, the absence of usable floor area data means we can't assess its value against local price per square foot. The guide price of £159,000 is an entry point, but be aware that competitive bidding can push the final sale price above this figure. The overall condition indicates a heavy refurbishment is necessary, which will require a budget of £80,000 to £120,000, making this a full-gut programme rather than a simple refresh.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Tax
Indicative tax based on the asking price and the options you select.
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