Summary - 129 MOREMEAD ROAD LONDON SE6 3LU
2 bed 1 bath Flat
Auction opportunity for cash buyers or experienced investor seeking refurbishment potential.
Lot 87: offered for auction on 19/11/2025
Approximately 60 years remaining on the lease — mortgage risk
Requires full modernisation: damaged flooring, peeling paint, ceiling tiles
Two bedrooms, reception, kitchen, bathroom and private rear garden
0.4 miles to Lower Sydenham rail station; good transport links
In same family ownership for over 35 years — clear chain position
Located near Southend Park and several Good-rated schools
Area shows high deprivation — consider rental demand and resale impact
This two-bedroom ground-floor flat sits in a 1930s semi frontage on Moremead Road with a private rear garden. The property has been in the same family for over 35 years and offers clear scope for renovation to increase value or rental income. Lower Sydenham station is about 0.4 miles away, and Southend Park and local shops are within easy reach.
The interior requires modernisation: damaged flooring, peeling paint, ceiling tiles and dated fixtures throughout. These are straightforward refurb tasks for a buyer prepared to invest time and cash. The area is an established renting-family location, so refurbished flats can attract long-term tenants or re-sell to owner-occupiers.
Important: the flat is leasehold with approximately 60 years remaining. Mortgage lenders commonly refuse mortgages on such short leases, so buyers should be prepared to bid with cash or arrange specialist lending. The property is offered at auction, which suits investors and buyers seeking a quick purchase route.
Nearby schools are rated Good by Ofsted and transport links are solid, supporting rental demand. The surrounding neighbourhood has higher deprivation indicators, which may affect yields and resale values—factor this into your budget and refurbishment plans.
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