Well-located starter or investment requiring modernisation and auction-ready finance.
Top-floor one-bedroom flat, 493 sqft
Extremely long lease: 988 years
Requires renovation and heating upgrades
Auction sale: undisclosed reserve, buyer fees apply
Non-refundable reservation fee: 4.5% (min £6,600)
Low ground rent (£10) and cheap council tax
Fast broadband and excellent mobile signal
Area has very high crime and high deprivation
Top-floor one-bedroom flat with a very long lease and double glazing, offered at auction. The 493 sqft layout includes a living room, separate kitchen, double bedroom and family bathroom. Its position on Canadian Avenue puts shops and multiple transport links within easy walking distance.
The property requires renovation: cosmetic updating, potential heating upgrade (currently electric room heaters) and general modernisation are needed. Auction sale carries extra costs — an undisclosed reserve price, a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600), buyer fees and a 56-day completion expectation. Prospective buyers must complete due diligence and ID checks.
Value drivers are the extremely long lease (988 years), low ground rent (£10), central location near amenities and fast broadband/mobile signal. Suitability is strongest for investors or buyers comfortable with refurbishment and auction purchase mechanics; council tax and running costs are described as cheap, but the area records very high crime and high deprivation which may affect rental demand and resale.
Buyers should arrange a survey and factor in renovation costs, potential heating upgrades, and all auction-related fees when assessing affordability. The flat offers clear scope to add value through modernisation in a well-connected part of SE6.
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