Summary - Flat 9, 118, Burnham Road E4 8PB
1 bed 1 bath Flat
Auction refurbishment opportunity near Meridian Water station with vacant possession.
Second-floor one-bedroom flat, approx. 410 sq ft (compact)
This one-bedroom second-floor flat in Burnham Road is offered for sale by online auction with vacant possession. Located close to Meridian Water station and local shopping, the 410 sq ft apartment sits in a purpose-built block constructed in the early 1990s and benefits from double glazing, gas central heating and an EPC rating of C. The accommodation is compact and needs modernisation, making it a straightforward refurbishment project for a cash buyer or portfolio investor.
Important practical points are clear: the lease has approximately 64 years remaining and ground rent is £90 per annum. That remaining term is likely to restrict mortgage options — many lenders decline to lend on leases under around 70 years — so buyers should be prepared to buy with cash, arrange specialist financing, or factor in the cost and timing of a lease extension. The property will be sold at auction and carries a buyers’ fee (refer to the legal pack for full details and any additional completion charges).
The flat’s location is a strong value driver. Meridian Water station and local bus links are close by, broadband speeds are fast and mobile signal is excellent. Nearby parks and a range of retail and leisure amenities add convenience. However, the neighbourhood records above-average crime and is in a deprived area classification, which may affect long-term rental demand and resale premium.
Suitable buyers are investors or experienced first-time purchasers comfortable with auction purchase and renovation. The property offers clear refurbishment potential to increase rental income or resale value, but buyers must factor in lease-extension costs, renovation budgets and potential lender restrictions before bidding.
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