8 unit Block
stamp duty: £160,000
mortgage fees: £1,500
conveyancing fees: £8,000
NO OF UNITS
TOTAL SQ FT
PRICE SQ FT
Note from the vendor
The conversion of existing was an enjoyable process as the existing Victorian structure was so well built and solid. Many of the existing sash windows were retained, the original oak floor refurbished and reused in the top floor units. Inside the property is a modern layout of generous rooms with modern long-lasting materials. The exterior was sympathetically restored, keeping the Victorian glazed tiles and signage. It was nice to maintain some traditional London history.
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Lewisham is an area of south east London includes Deptford, Catford, New Cross, Blackheath and Forest Hill.
Lewisham is located 5.9 miles (9.5 km) south of Charing Cross. The area is identified in the London Plan as one of 35 major centres in Greater London and plans to create a metropolitan centre to rival nearby Bromley and Croydon. Lewisham is undergoing a period of significant regeneration, creating new high quality business space and environments.
Lewisham is the fourth largest inner London Borough with a population of 282,000 and a working age population of 197,000. The economy of Lewisham has developed through the wider London economy and over 100,000 commute out of the borough every day into the city.
Lewisham is an affordable place to live, with quality amenities and good transport links. Lewisham’s workers are highly skilled, with almost four in ten adults educated to degree level and a high percentage working in knowledge industries. A large number of residents are self-employed or run micro business that provide services to central London.
The area is a major local transport hub, lying on the A20 road towards Dover and at the start of A21 to Hastings, with its own large bus station, railway station and the southern terminus of the Docklands Light Railway. London Underground lines run into the north of the borough at New Cross station and New Cross Gate station as part of the East London Line. Lewisham is served by Catford and Catford Bridge railway stations.
The average property price is £481,226 (18% below the London average of £591,258). The average sold price has increased 4.03% over the last year. New research looking at the highest levels of tenant demand found that Lewisham was the only inner borough in London to make the top ten with rental demand at 33% (VeriSmart, 2019).
The vision for the borough is that in ten years’ time Lewisham will be one of the fastest growing parts of the London economy making it an exciting time for the borough.
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