Fairthorn Road (Flats A and B), London
London
£420,000Guide Price
Listed on 19/09/2026
Listed on 19/09/2026
The listing
Property details
Bedrooms
3Type
Block Of ApartmentsArea
637 sqftFeatures
- Garden
Description
Offered at auction, this freehold house is arranged as two self-contained flats and is being sold with vacant possession. The ground-floor flat is approximately 59 square metres and has one bedroom, a reception room, kitchen/diner, bathroom and a separate shower room, with access to a garden. The first-floor flat is approximately 56 square metres and comprises two bedrooms, a reception room, kitchen/diner and bathroom. Both flats have an EPC rating of D and are in Council Tax Band B. The accommodation is described as requiring updating, offering scope for refurbishment across the two units. The listing also identifies possible rear or loft/mansard conversion potential, subject to the necessary consents and verification of feasibility. Fairthorn Road is positioned for amenities in Charlton and Greenwich, with transport links including local buses, rail services from Westcombe Park and road access via the A102. Buyers should review the auction legal documentation and any additional fees before bidding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
30out of 100
Grade ELow opportunity
Confidence: MEDIUM
This freehold house is arranged as two self-contained flats, with vacant possession and a garden for the ground-floor unit. The photographed interiors offer scope to renew worn floors and unfinished or marked surfaces, while the neglected garden and outbuilding provide further improvement opportunities. The listing also mentions possible rear or loft/mansard conversion potential, subject to necessary consents. Limited photo coverage makes the renovation estimate further provisional.
The price is the main obstacle: the £420,000 guide is about 21.7% above the local £/sqf benchmark, and adding the £65,000–£115,000 works range leaves the purchase-plus-refurb cost stretched against the local average for this floor area. That comparison is with a local benchmark, not a forecast of the value after renovation. At auction, bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
Key opportunities
- Rework the two-flat layout and refresh the photographed reception rooms and kitchen/diner to create a more coherent finish across both units.
- Restore the ground-floor flat’s garden, including the overgrown areas, worn hardstanding and tired fencing.
- Explore the stated rear or loft/mansard conversion potential, subject to all necessary consents.
Key risks
- Worn or stripped floors, marked and unfinished surfaces, and the neglected garden make this a substantial programme; the £65,000–£115,000 works range calls for careful budgeting and time beyond a cosmetic refresh.
- At the £420,000 guide, adding the stated works range puts purchase-plus-refurb costs well above the local average benchmark for this floor area, before fees.
- Budget around £510,000 once the asking price and an estimated £90,000 of refurbishment are combined — roughly 32% above what comparable floor area achieves locally in current condition. Finished value after works is not modelled here.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,587
Based on a loan of £315,000 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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