Blackheath, Felicity J. Lord

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3 Bedroom flat Burrage Place, London £325,000

This is an attractive opportunity to acquire a three-bedroom property with a long lease, Right to Manage and exceptionally low annual service charge, in a well-connected South East London location.

Offered to the market with no onward chain, this spacious split-level three-bedroom flat in Plumstead, SE18, presents an excellent opportunity for owner-occupiers, families or investors.

Arranged over two floors, the property offers generously proportioned accommodation, including three bedrooms, a separate lounge, kitchen and bathroom, together with access to a private rear garden providing valuable outdoor space.

The property benefits from an EPC rating of C and approximately 102 years remaining on the lease, providing a substantial long-term leasehold interest.

A particularly attractive feature is the property's Right to Manage (RTM). The leaseholders manage the building themselves, giving them greater control over the management of the property and communal expenditure. This helps keep the service charge exceptionally low at approximately £200 per year, representing a significant cost advantage compared with many leasehold properties.

The combination of a 102-year lease, EPC rating C, Right to Manage and approximately £200 annual service charge and ground rent £300 makes this an attractive proposition for both homeowners and investors seeking manageable ongoing costs.

The property is conveniently located for local shops, amenities and public transport, with Woolwich town centre within easy reach. Woolwich Elizabeth line station is approximately a 14-minute walk away, according to Google Maps, providing fast connections to central London, the City, the West End and Heathrow Airport.

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