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Milford Close, London SE2

London

£175,000
Listed on 20/03/2026

Property Details

Bedrooms
2
Type
Maisonette
Area
581 sqft

Description

This ground floor maisonette presents a significant opportunity for renovation and investment, especially appealing to cash buyers due to its low lease of approximately 40 years. The property features an entrance hall with ample storage, a bathroom, two spacious bedrooms, a lounge/diner, and a kitchen that opens directly onto a private rear garden, measuring 25 feet in length. Notable amenities include double glazing and gas central heating (with the combi boiler remaining untested), alongside an en bloc garage. Located in a sought-after cul-de-sac in Upper Abbey Wood, the home is conveniently situated near Bedonwell School, local bus routes, and Abbey Wood Village which is about 1.2 miles away from the Elizabeth Line station—offering quick access to Canary Wharf and central London destinations. Potential buyers should also consider the costs associated with extending the lease; previous owners have reported expenses around £60,000 for this process. This property offers a blank canvas for those looking to undertake refurbishment in an area with promising transport links and community amenities.

Investment Analysis

(SE2 area)

Below Market Value

This property is priced -36.6% below area average per sq ft

-36.6%
Potential saving
This Property
£301/sq ft
Area Average
£475/sq ft
Avg Rent (weekly)
£447
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£303,636
10% above area average per sq ft
Potential ROI
+48.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (SE2)

Area prices are rising by +7.3% over the last 12 months
3 year growth: +11.6%
5 year growth: +25.6%
Investment Disclaimer: Analysis based on SE2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Milford Close, London SE2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£620
Based on a loan of £131,250 over 30 years at 3.91% 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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