Summary - 73 PIER WAY LONDON SE28 0GQ
2 bed 1 bath Flat
Long-lease two-bed in Thamesmead — needs full modernisation, close to transport links.
- Two bedrooms with balcony access from master and lounge
- Approx 550 sq ft; compact, practical layout
- Requires full modernisation throughout
- Electric room heaters; no central heating
- Long lease: 974 years (leasehold)
- Service charge approx £1,400; ground rent £100
- Excellent transport links to Woolwich, Elizabeth Line, DLR
- Very low flood and crime risk; fast broadband
Light-filled two-bedroom flat in Thamesmead offering a clear chance to add value through refurbishment. The layout includes a separate kitchen, large lounge and a private balcony accessed from the living room and master bedroom — useful outdoor space for a city-flat. At around 550 sq ft the home is compact but practical for first-time buyers or buy-to-let investors seeking strong transport links.
The building is modern (constructed 2003–2006) with double glazing already installed. The long lease (974 years) removes a common tenure worry, and ongoing costs are transparent: average service charge £1,400 and ground rent £100. Council tax is affordable and local broadband speeds are fast, supporting home working.
The flat requires full modernisation throughout — interiors are dated and some updating to heating and finishes will be needed. Main heating is by electric room heaters which may not suit buyers seeking gas central heating; electrics and other systems should be checked as part of any purchase. Flooding and crime risks are very low and the area is considered affluent with young families and students nearby.
Transport is a definite strength: easy access to Woolwich, the Elizabeth Line, National Rail and DLR which make central London commutable. Local schools include an Outstanding-rated primary (Heronsgate) and several nearby Good-rated primaries, which will appeal to buyers planning for children. This property suits a buyer comfortable with a renovation project who wants a well-located, long-lease flat with immediate rental or living potential once modernised.
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