Tuscan Road, London
London
£195,000Guide Price
Listed on 23/09/2026
Listed on 23/09/2026
The listing
Property details
Bedrooms
2Type
FlatArea
550 sqftDescription
Offered at auction, this vacant first-floor flat is arranged as a self-contained two-bedroom home of approximately 550 sq ft. The accommodation comprises an entrance hall, reception room, kitchen and bathroom with WC. The property is described as requiring updating, providing scope for a purchaser to refurbish the existing layout. It is offered on a new 990-year lease with a peppercorn ground rent. The EPC rating is D and the council tax band is B.
The flat is on Tuscan Road, with amenities in Plumstead Common, Shooters Hill, Woolwich and Greenwich nearby. Local bus services, rail connections from Plumstead and road links including the A2 and A205 are noted. Buyers should review the auction legal documents and confirm the condition of the services and the lease terms before bidding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
67out of 100
Grade CPotential opportunity
Confidence: MEDIUM
At £195,000, this two-bedroom flat is priced around 30% below the local average per square foot, making the asking price a clear acquisition opportunity. The photographed rooms offer a manageable refresh: dated wallpaper and marked walls can be redecorated, while worn flooring and bare boards provide scope to improve the finish. Vacant possession and a new 990-year lease with peppercorn ground rent add to the appeal. Limited photo coverage makes the renovation estimate further provisional. The listing is an auction sale, so bidding can take the hammer above the guide and the eventual price may not stay this cheap.
The overall score is C: the strong price and economics are balanced by the work needed and average fundamentals and location. The exterior looks generally intact in the available image, though the roof and close fabric condition cannot be assessed from it.
Key opportunities
- Acquire at an asking price around 30% below the local average per square foot.
- Refresh the reception and bedrooms with redecorated walls and improved flooring.
- Vacant possession and a new 990-year lease with peppercorn ground rent.
Key risks
None recorded.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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£
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years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£737
Based on a loan of £146,250 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.
Tax
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Indicative tax based on the asking price and the options you select.
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