Cambridge Street, London
London
£255,000Guide Price
Listed on 27/10/2026
Listed on 27/10/2026
The listing
Property details
Bedrooms
StudioType
StudioArea
340 sqftDescription
Offered at auction, this vacant, self-contained mid-floor studio flat is arranged with an entrance hall, studio room, kitchen, bathroom and separate WC, with an approximate floor area of 32 sq m (340 sq ft). The property is described as requiring updating. It is offered on a new 990-year lease with a peppercorn ground rent, and has an EPC rating of C and Council Tax Band D.
Cambridge Street is positioned for amenities in Pimlico, Victoria, Knightsbridge, Westminster and Battersea. Nearby transport options include bus routes and rail and Underground services from Pimlico, Sloane Square and Victoria, as well as routes along the River Thames. The sale is by auction, with a buyer documentation fee and any applicable seller fees payable in accordance with the sale conditions.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
63out of 100
Grade CPotential opportunity
Confidence: MEDIUM
At £255,000, this Pimlico studio is priced at about £750 per sq ft, well below the local average of £1,321 — a strong entry point for someone looking to acquire and add value. The long lease and vacant possession add appeal, while the period-style frontage appears generally maintained.
Inside, the studio has heavily marked flooring and damaged, peeling wall finishes, with dated kitchen and bathroom finishes too. That gives the next owner scope to reshape and renew the interior, but this is a substantial project rather than a cosmetic refresh. It is being sold at auction, and bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
Key opportunities
- Use the studio’s windows and existing radiators as a starting point for a more cohesive, refreshed living space, with new flooring and prepared, redecorated walls.
- The compact kitchen and dated bathroom offer scope to rework the finishes and fittings as part of a coordinated interior update.
- The long lease, vacant possession and maintained-looking period frontage provide a useful base for a buyer taking on the full interior project.
Key risks
- Heavily marked flooring and damaged, peeling wall finishes, alongside dated fittings and incomplete-looking lower kitchen cabinetry, point to a substantial interior programme; allow for a full sequence of preparation and renewal rather than a cosmetic refresh.
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£963
Based on a loan of £191,250 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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