For Sale in Lewisham: One bedroom property on the market for around £125,000 ideal for many

According to the official Government website, the average house price in London was just over £544,000. A property at that price for many is just out of their budget, not to mention with the cost of living crisis raging on.

When a property is on the market in London for just over £125,000, it won’t be up for sale much longer. This property is one of the cheapest in London and is currently on the market as a leasehold.

A touch up here and there and it could prove to be a great buy, especially in a city notorious for its inflated prices. It’s located just 0.4 miles from Grove Park station, which provides great links into the city.

It is also located just 0.2 miles from Marvels Lane Primary School, meaning those with little ones will not have to stress too much about the school run. It’s also just 0.5 miles from Eltham College too.

The property is listed on Zoopla by Robinson Jackson who said this: “While it’s easy to hop on the train or DLR at Lewisham station to explore the rest of London, there’s plenty in the town itself. There’s an indoor shopping centre and a daily street market, a surprising amount of green space and restaurants serving world cuisine.

“Families can choose from a wide selection of state primary and secondary schools, as well as some respected independent options. Blackheath is Lewisham’s close neighbour, with fine dining, boutique shops and bustling bars.”

Some of the features of this property include a 17’ lounge/diner, Communal Garden, Warden Assisted Block and guaranteed parking for residents. To call Robinson Jackson regarding this property, call them on 02081 286344 or email them via the listing on Zoopla’s website.

How much would a mortgage cost for this studio property in Croydon?

A mortgage calculator on Zoopla, partnered with banking giant Natwest, says that a 10 percent deposit of £12,500 over 25 years would work out at £759 per month (with interest rates currently at 6.5%).

Property summary:

Where: Paxton Court, Marvels Lane, Grove Park, London SE12

Price: £125,000

Agent: Robinson Jackson

Contact Number: 02081 286344

Council Tax: Band C