This spacious one-bedroom apartment offers an attractive investment opportunity with an estimated rental value of approximately £1,800 per calendar month and a long lease of around 114 years remaining. The property combines modern specification with broad tenant appeal, while also suiting future owner-occupation.
Situated on the second floor of a modern development, the apartment features a bright open-plan living and kitchen area, a generous private balcony, a spacious double bedroom with fitted wardrobes and a well-appointed bathroom, complemented by good hallway storage. Additional benefits include a video entry system, lift access and use of an on-site residents’ gym.
The property is well located for Woolwich town centre, the Royal Arsenal and a wide range of shops, cafés and leisure amenities. Transport connections are a key highlight, with Woolwich Arsenal station and the Elizabeth line within easy reach, alongside DLR, river services and convenient links to Canary Wharf, the City and London City Airport.
Service charge is approximately £1,400 per annum with ground rent of £200 per annum. Due to current EWS1-related mortgage lending restrictions, the property is considered suitable for cash buyers only. Offered for sale by auction, this is a well-presented apartment in a location underpinned by strong and sustained demand.
Auction
To be sold by online auction (unconditional) on Thursday 26th February 2026 with a 6 WEEK COMPLETION, bidding will open at 10.00.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure
Leasehold with vacant possession.
Lease
125 years from 17 September 2015 - 114 years remaining.
Ground rent and service charge
Please see legal pack for further details.
EPC rating
C
Council tax band
B - Greenwich
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.
Additional fees
A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".
Mortgage finance
We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
Whether you’re looking to sell or let your property, we can provide you with a free, accurate valuation based on our expert knowledge and the latest trends in your local area.
Call 01344 753120
enquiries@firstforauctions.co.uk
