The home is being auctioned with the aim of attracting interest from individual buyers as well for investors or buy-to-let landlords
A one-bedroom flat in South London could be bought for as little as £125,000 at auction and considering it is such a low price based on average house prices the new owner will be offered some truly stunning views. Property website Rightmove reports the average price of a home in London has been £663,073 over the last year, making this Bromley flat a massive £538,000 under this price.
53 Hollingbourne Tower, in Westwell Close, Orpington, is perched on the 11th floor of the tower block, a residential tower block. It has all of the amenities that house hunters would be looking for: lifts to all floors, secure gated parking, and double-glazed windows. Inside, you’ll find a living room, kitchen, one bedroom, and a bathroom complete with a bath.
If you’re not afraid of heights, the top-floor location offers sweeping views of the surrounding fields, a rare sight for a London postcode and a potential selling point for anyone wanting a touch of greenery with their urban living.
According to the auctioneers, this flat is ideal for investors or buy-to-let landlords, with the potential to generate a decent yield once refurbished. It’s also suited for someone looking for an affordable home in the Bromley area, and may allow future homeowners to have some spending money left for interior décor. The flat comes with the remainder of a 125-year lease from June 2006, so there’s still plenty of time on the clock for any prospective buyer.
This home would be especially desirable to house hunters that own a car as its distance from public transport is a catch that may make it less appealing to some. The property is being sold via Clive Emson Auctioneers, with bidding ending on Thursday, September 18. Viewings are strictly by appointment, so no casual peeking without booking first.
While its transport links may leave a little to be desired, this one-bed flat offers a rare chance to get on the London property ladder without handing over a small fortune. For a guide price of £125,000 to £130,000, buyers could bag themselves a top-floor home with enviable views, secure parking, and easily accessible greenery.
In a market where even modest homes can feel out of reach, this property proves that affordable London living isn’t entirely a thing of the past, especially if you’ve got a set of car keys to hand. You can find out more on the auction and bid on the flat on the Clive Emson Auctioneers site.
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