Flat A & Flat B, 3 Plumstead Common Road, London, SE18 3AP
London
£290,000Guide Price
Listed on 22/10/2026
Listed on 22/10/2026
The listing
Property details
Bedrooms
4Type
TerracedFeatures
- Garden
Description
Offered at auction, this vacant terraced property is currently arranged as two two-bedroom flats, each with a kitchen/dining room and bathroom/WC. The accommodation is set across the ground and first floors, with a rear garden. The listing describes the property as requiring modernisation, making the existing two-flat arrangement and its future use matters for a buyer to assess.
The property is in Plumstead, close to local shops and everyday amenities, with further retail and leisure facilities in Woolwich town centre. Plumstead Common provides nearby recreational space. Local bus services are available, and Woolwich Arsenal offers National Rail and DLR connections, with Elizabeth line services from Woolwich. Viewings, bidding registration and the legal pack are available through Savills Auctions.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
48out of 100
Grade ELow opportunity
Confidence: LOW
The standout is the layout: this terraced house is currently arranged as two separate two-bedroom flats, with a rear garden and a useful spread of local amenities and transport links. That gives a buyer scope to rethink and improve the existing arrangement, while the worn finishes, staining and damaged areas across several rooms create a substantial renovation canvas. The rear garden also offers room for a clear-up and improvement, and the two dated kitchens and bathrooms are among the visible areas to tackle. The works range is £65,000–£105,000.
At £290,000, the value comparison is incomplete: floor area is missing, so the price against local £/sqf cannot yet be judged. The score is 48/100, grade E, reflecting a limited overall opportunity rather than a conclusion that the price is dear. This is an auction guide price; bidding can take the hammer above the guide, so the eventual price may not stay at this level.
Key opportunities
- The existing two-flat arrangement gives scope to improve and rework two separate two-bedroom layouts.
- The dated kitchens and bathrooms, worn flooring and marked finishes offer a clear whole-property improvement canvas.
- Clear and improve the rear garden, which currently has dense vegetation, leaf litter and worn paving.
Key risks
- The £65,000–£105,000 works range, damaged and stained finishes across several rooms, and garden clearance point to a substantial programme rather than a cosmetic refresh.
- Dark staining and deteriorated finishes around a bathroom window and wall, plus staining elsewhere, need investigation to establish the cause and repair scope.
- Floor area is missing, so value versus local £/sqf cannot yet be judged.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,096
Based on a loan of £217,500 over 30 years at 4.45% interest
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