Chain-free one-bedroom raised-ground flat with Victorian period features
Long 125-year lease — secure tenure for buyers
Bright reception with bay window and high ceilings
483 sq ft; practical one-bedroom layout with separate kitchen
Requires full refurbishment; plaster damage and damp stains present
Area classed as deprived; local crime level reported as average
Excellent transport links: Penge East and Penge West nearby
Gas central heating; mobile signal excellent and fast broadband
This chain-free raised-ground one-bedroom flat in Penge is a straightforward project for a buyer wanting to add value. Set in a Victorian terrace, the apartment has period character—bay window, high ceilings and original trim—that provides a strong base for sympathetic refurbishment.
Internally the layout is practical: a bright reception with a bay, separate kitchen, double bedroom and bathroom across about 483 sq ft. The property shows clear signs of wear (peeling paint, damp stains, plaster damage) and will require modernization throughout, so it suits someone ready to renovate rather than move straight in.
Practical advantages include a long 125-year lease, gas central heating and excellent local transport links via Penge East and Penge West for straightforward commutes into central London. Local amenities, parks and a mix of good and outstanding schools are nearby, making the location appealing for long-term occupation.
Be aware of the material negatives: the flat needs refurbishment and some remedial works for damp and plaster, the area scores as deprived locally and crime is average. These factors lower the immediate convenience but also present scope to create significant uplift in value after renovation. Early viewing recommended for buyers seeking a viable city refurbishment project.
