Summary - Dragoon Hall, Farndale Court, Woolwich, SE18 4PW SE18 4PW
6 bed 6 bath Flat
Purpose-built HMO near Queen Elizabeth Hospital with parking and rental-ready layout.
Six letting rooms with six bathrooms, purpose-built cluster layout
A practical HMO-style opportunity in Woolwich, this purpose-built sixth-floor cluster contains six letting rooms and six bathrooms within 1,226 sq ft. The layout and communal kitchen are configured for multiple occupancies, making the property suited to a landlord seeking immediate rental income close to major local employers and transport links. An offer of £390,000 is currently on the table (public notice) — a higher bid must be submitted before exchange of contracts.
Key positives include allocated off-street parking, double glazing, heating, and proximity to Queen Elizabeth Hospital and several well-regarded schools. The building presents modern red-brick façades and functional communal areas, while a small on-site laundry room provides tenant facilities.
Buyers should note material considerations: the property is leasehold and located in a high-crime, deprived inner-city area, which can affect lettings, insurance and management costs. The communal kitchen and laundry show signs of wear and may need refurbishment to meet modern HMO standards.
This is aimed at experienced landlords or investors comfortable with cluster-share HMOs and active asset management. With refurbishment and attentive management, the unit can deliver steady rental returns; however factor in potential refurbishment, service charges, and the responsibilities of managing multiple tenancies.
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