Flats A-C, 16 Woolwich Road, Greenwich, London, SE10 0JU
London
£775,000
Listed on 03/10/2026
Listed on 03/10/2026
The listing
Property details
Bedrooms
7Type
Block Of ApartmentsDescription
This substantial semi-detached property is arranged as three self-contained flats, comprising two one-bedroom units and one five-bedroom unit. Situated over four storeys, it features both front and rear gardens, providing outdoor space that could be enhanced with some landscaping. The property is in need of refurbishment, presenting a significant opportunity for renovation and improvement. Located on Woolwich Road in Greenwich, it is well-positioned for access to local amenities, including shops, services, and recreational facilities such as Greenwich Park and riverside walks along the Thames. There is potential for extension or development, subject to obtaining the necessary consents. The property is currently vacant, allowing for immediate possession and investment potential.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
45out of 100
Grade ELow opportunity
Confidence: LOW
This substantial semi-detached property in Greenwich presents a significant renovation opportunity, arranged as three self-contained flats. While the interiors exhibit visible wear and are in need of extensive refurbishment, this offers a blank canvas for creative improvements. With substantial living space available, there is potential to enhance the layout and character of the flats, making them attractive for rental income or resale.
The property's exterior and gardens also show room for enhancement, and there is potential for extension or development, subject to the necessary consents. However, the lack of usable floor area information leaves the valuation against local £/sqf unclear. The asking price of £775,000 is positioned as a guide for potential buyers, but significant work is needed throughout, making this a heavy project with a considerable budget and timeline ahead. Bidders should be prepared for the possibility that competitive interest may push the final price higher than the guide.
Key opportunities
- The layout allows for the reconfiguration of the three self-contained flats, enhancing space utilization and rental appeal.
- Potential for extension or development, subject to necessary consents, could increase property value.
- The substantial garden space provides an opportunity for landscaping and outdoor improvements.
Key risks
- Stripped interiors and a substantial works budget make this a full-gut programme, not a refresh.
- Visible wear and need for refurbishment throughout the property indicate significant investment is required.
- Possible structural concerns could complicate the renovation process.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£2,928
Based on a loan of £581,250 over 30 years at 4.45% interest
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.
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