Morat Street, STOCKWELL
London
£329,000Guide Price
Listed on 27/10/2026
Listed on 27/10/2026
The listing
Property details
Bedrooms
1Type
Ground FlatArea
650 sqftFeatures
- Garden
Description
Offered at auction, this vacant, self-contained one-bedroom garden flat is arranged with an entrance hall, reception room, kitchen and bathroom/WC across approximately 650 sq ft. The property is described as requiring updating and includes a rear patio garden. It is offered on a new 990-year lease with a peppercorn ground rent. Stockwell, Oval, Kennington, Southwark and Clapham amenities are within reach, with local bus services, rail connections and road links including the A3 and A23. The EPC rating is C and the council tax band is C. Buyers should review the auction legal documents and applicable fees, and independently check the condition and services.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
71out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £329,000, this garden flat is priced well below the local average per square foot, making the guide an attractive entry point for a light-updating project. The visible reception and kitchen offer scope for a cosmetic refresh, while the rear patio and broadly maintained exterior add appeal; the new 990-year lease at a peppercorn ground rent is another positive. Bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
Limited photo coverage makes the renovation assessment further provisional.
Key opportunities
- Refresh the worn reception carpet and marked kitchen flooring to lift the visible interiors.
- Update the dated visible finishes with redecoration while retaining the existing kitchen fittings if suitable.
- Make the rear patio feel more inviting with routine pruning of planting that encroaches onto the paving.
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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years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,243
Based on a loan of £246,750 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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