Auction opportunity near Elizabeth line with strong refurbishment upside.
Long lease — approximately 128 years remaining
A vacant fourth-floor one-bedroom flat offered at auction with a long lease (approx. 128 years remaining) and clear refurbishment potential. The apartment is within a purpose-built mid-rise block from the early 2000s and benefits from double glazing and an EPC rating of C. There is no flooding risk and the flat is well placed for Woolwich transport links, including the Elizabeth line and rail connections.
The property requires a program of renovation throughout — cosmetic and likely kitchen and bathroom upgrades — and is heated by electric storage heaters. The building’s location in a constrained, inner-city neighbourhood with very high crime and local deprivation will affect rental demand and resale comparables; buyers should factor these market conditions into valuations.
This lot suits investors or experienced refurb buyers able to proceed at auction and manage works. The vacant possession simplifies immediate access for contractors and viewings. Practical positives include good broadband and mobile signal, nearby shops, services and several well-rated schools within reach.
Important sale details: the unit is leasehold and sold at public auction; purchasers must inspect the legal pack and budget for refurbishment, ongoing service charges and energy costs associated with electric heating.
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