Penge Road, London, SE25
London
£130,000
Listed on 12/11/2026
Listed on 12/11/2026
The listing
Property details
Bedrooms
1Type
ApartmentArea
414 sqftDescription
A one-bedroom first-floor conversion flat with approximately 414 sq ft of accommodation, offered with a long lease and no onward chain. The layout includes an open-plan kitchen and reception room, a separate bedroom with built-in storage, and a bathroom. The property is described as requiring updating and refurbishment, giving a purchaser scope to modernise the interior.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
69out of 100
Grade CPotential opportunity
Confidence: MEDIUM
At £130,000, this one-bedroom flat is priced at £314 per sq ft, around 36% below the local average—a strong entry point for someone looking to acquire and improve. The open-plan reception and kitchen, separate bedroom and long lease provide a useful base, with transport links and local amenities close by.
There is a clear medium-scale modernisation project here: finishes are dated, with visible wear to surfaces and damage or incomplete sections to the kitchen cabinetry. The sloping-ceiling bedroom gives the layout character, while the roof window’s condition is not established by the photos. Overall, this looks like a chance to refresh a usable interior and make it your own rather than a stripped-out project.
Key opportunities
- Acquire at a substantial discount to the local average price per square foot, with scope to add value through improvement.
- Refresh the dated open-plan kitchen and reception, including assessing whether the damaged or incomplete cabinet sections need repair or replacement.
- Modernise the bathroom and make good worn surfaces across the flat to create a more cohesive finish.
Key risks
None recorded.
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Transport
Nearest stations
Harrington Road Tram Stop
0.5 miles
Tram · South Norwood
Norwood Junction Rail Station
0.5 miles
Train · South Norwood
Birkbeck Tram Stop
0.6 miles
Tram · Anerley
Birkbeck Rail Station
0.6 miles
Train · Anerley
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.
£
£
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years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£531
Based on a loan of £97,500 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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