Flat 1, 1 Alscot Road, Bermondsey, London, SE1 3AU
By Savills
£ 325,000
Reviews
2 out of 5 stars
Savills says ..
Auction Sale - 12/02/2025 A two bedroom ground floor flat, forming part of a purpose built block, benefitting from a private balcony, in need of modernisation, well located for the transport links and amenities of Bermondsey. Vacant.By Order of a Housing Association.
Property Oracle says ..
This two-bedroom flat in Bermondsey, London, presents a mixed opportunity. The location in South Bermondsey offers a good balance of convenience and community. Proximity to London Bridge station ensures excellent transport links to central London and beyond. The presence of highly-rated schools nearby enhances the area’s family-friendly appeal. However, the property itself is in significant need of renovation. The interior photographs reveal considerable wear and tear, including damaged flooring and walls. A full refurbishment would be necessary to bring the property up to a modern, habitable standard. The absence of a garden or significant outdoor space is a further consideration. The listing price of £325,000 should be evaluated carefully against the cost of the required renovations. While the location is desirable, the condition of the property necessitates a comprehensive budget for refurbishment. Potential buyers should factor in these costs when assessing the overall value proposition. The lack of key property data such as square footage makes a detailed comparison with similar properties difficult. However, based on the available information, a thorough survey and cost estimate for renovation are essential before making an offer.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 4
- Location
- 7
- Land
- 1
- Bedrooms
- 2
- Bathrooms
- 0
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 460,000.00 £Decreased by 10.12 %
- Average area rental value
- 2,317.00 £/moIncreased by 6.73 %
- Est rental Yield
- 6.04 %Increased by 18.66 %
- Crime Rate
- 8.00 %Unchanged by 0.00 %
Agent Activity
Savills created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Harris Academy Bermondsey | Academy Sponsor Led | Outstanding | 0.26 KM |
| Kintore Way Nursery School And Children'S Centre | Local Authority Nursery School | Outstanding | 0.36 KM |
| Kintore Way Children'S Centre | Children's Centre | 0.36 KM | |
| Boutcher Church Of England Primary School | Voluntary Aided School | Outstanding | 0.39 KM |
| Spa School, Bermondsey | Academy Special Converter | 0.66 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Keyse Road | £ 579,998 | 0 | 0.00 KM |
| Spa Arch Lane | £ 605,000 | 0 | 0.00 KM |
| Spa Road | £ 0 | 0 | 0.00 KM |
| Rouel Road | £ 0 | 0 | 0.00 KM |
| Tannery Square | £ 731,250 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| London Bridge | 5148 | LBG | 1.87 KM |
| Fenchurch Street | 7490 | FST | 2.01 KM |
| South Bermondsey | 5425 | SBM | 2.13 KM |
| Wapping | 1085 | WPE | 2.16 KM |
| Rotherhithe | 1039 | ROE | 2.40 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Vauban Estate, South Bermondsey, SE16 | £ 350,000 | BUY | 4 / 10 | 0.04 KM |
| Alscot Road, Bermondsey | £ 400,000 | BUY | 6 / 10 | 0.07 KM |
| Alscot Road, Bermondsey | £ 425,000 | BUY | 6 / 10 | 0.07 KM |
| Henley Drive, London | £ 385,000 | BUY | 6 / 10 | 0.09 KM |
| Henley Drive, Bermondsey, SE1 | £ 650,000 | BUY | 6 / 10 | 0.10 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 30 Vauban Estate | £ 249,995 | 0.02 KM |
| 29 Vauban Estate | £ 147,000 | 0.02 KM |
| 47 Vauban Estate | £ 120,000 | 0.02 KM |
| 42 Henley Drive | £ 195,000 | 0.10 KM |
| 24 Henley Drive | £ 69,400 | 0.10 KM |