Chain-free studio on Blackheath, ideal for FTB or investor looking to modernise.
Large studio room ~20' square with good natural light
Quietly positioned on the second floor of Falconwood Court, this compact studio offers direct access to Blackheath Village and the heath a few yards away. The main room is generous for a studio (about 20' square) and benefits from large windows that bring in natural light. The block is mid-20th century brick with communal gardens and maintained common areas.
This is an attractive pick for a first-time buyer or investor prepared to modernise. The layout and size make it straightforward to improve the finish and rental appeal; estimated achievable rent once updated is circa £1,300–£1,400 PCM. The lease is effectively long-term (reported at c.993 years) and ground rent is a peppercorn, reducing long-term ownership costs.
Buyers should note several material points: service charges are high (£4,288.60 p.a.) though they include central heating and hot water from the communal boiler; broadband speeds are reported slow; and the area records higher-than-average crime levels. The studio also shows signs of damp and requires updating, which will be a near-term cost to bring the flat up to a modern standard.
Overall, this chain-free studio offers location and long-lease security as key strengths. It suits a buyer who prioritises proximity to the heath and village amenities and is willing to invest modestly in refurbishment to unlock capital growth or rental income.