80b, Herbert Road, London, SE18 3PP

Description

Leasehold one bedroom flat, Full vacant possession Location: The property is located on Herbert Road. Shopping amenities are available locally with a further range of shops, bars and restaurants found in Westfield Shopping Centre lying to the north. Public transport links can be found at Plumstead Rail Station located to the north east and at Woolwich Dockyard Rail Station lying to the north along with a network of local bus services serving the surrounding areas. The property is served by road links including the A205 located to the west and the A2 lying to the south. Recreational pursuits are available at Plumstead Common located to the east and at Shooters Hill Golf Course lying to the south. Accommodation: Bedroom, reception room, kitchen, bathroom/WC Outside: Rear garden EPC Rating: C Council Tax Band: TBC Lease: The property is held on a lease for a term of 999 years from and including the 1st January 2025. To view: Strictly by prior arrangement with the auctioneers.

Location

The property is located on Herbert Road. Shopping amenities are available locally with a further range of shops, bars and restaurants found in Westfield Shopping Centre lying to the north. Public transport links can be found at Plumstead Rail Station located to the north east and at Woolwich Dockyard Rail Station lying to the north along with a network of local bus services serving the surrounding areas. The property is served by road links including the A205 located to the west and the A2 lying to the south. Recreational pursuits are available at Plumstead Common located to the east and at Shooters Hill Golf Course lying to the south. Accommodation: Bedroom, reception room, kitchen, bathroom/WC Outside: Rear garden

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆