50 Austen Close, Thamesmead, London, SE28 8AZ
London
£100,000Guide Price
Listed on 07/11/2026
Listed on 07/11/2026
The listing
Property details
Bedrooms
1Type
FlatDescription
Offered at auction, this vacant one-bedroom first-floor flat is set within a purpose-built block in Thamesmead. The accommodation comprises an entrance hall, reception room, kitchen, bedroom and bathroom with WC. The property is described as requiring modernisation, providing scope for a purchaser to update the interior to their requirements.
Local shops and community facilities are nearby, along with green spaces and riverside walks by the Thames Path. Bus routes serve the area, with Elizabeth line, Thameslink and Southeastern services available from Abbey Wood and Plumstead. Viewings, the legal pack and bidding registration are arranged through Savills Auctions.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
42out of 100
Grade ELow opportunity
Confidence: LOW
This vacant one-bedroom flat offers a clear medium-scale modernisation project, with dated finishes and worn flooring across the photographed rooms creating scope to refresh the interior. The bedroom floor has extensive dark staining or residue, so its cause and the condition beneath the covering need checking; no clear major structural failure is visible in the exterior view.
The score is 42/100 (E, Low Opportunity). The floor area is missing, so value against local £/sqf cannot yet be judged. The listing is presented as an auction sale with a guide price; bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
Key opportunities
- Modernise the dated interior, including the patterned wall finishes and worn flooring.
- The dated kitchen fittings and damaged floor offer scope to refresh or rework the space.
- The bathroom suite appears intact, with dated finishes that could be updated.
Key risks
- The condition and maintenance of the shared block cannot be fully assessed from the available exterior view.
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Transport
Nearest stations
Abbey Wood (London) Rail Station
0.9 miles
Train · Abbey Wood
Plumstead Rail Station
1.6 miles
Train · Plumstead
Belvedere Rail Station
1.8 miles
Train · Belvedere
Gallions Reach DLR Station
1.9 miles
Metro · Gallions Reach
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£409
Based on a loan of £75,000 over 30 years at 5.13% 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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