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Lothian Road, Oval, SW9

London

£1,150,000
Listed on 02/03/2024

Property Details

Bedrooms
3
Type
Terraced house
Area
1399 sqft

Description

This former four-bedroom period home presents a unique opportunity for renovation and investment in a sought-after area. While the property requires modern updates, it retains much of its original charm and character, making it an appealing canvas for prospective buyers looking to enhance its potential. Spanning approximately 1,400 square feet across three levels, the layout includes an open-plan kitchen and lounge on the lower ground floor, alongside a double bedroom, family bathroom, and additional toilet. The raised ground floor features a spacious double reception room and a separate kitchen, while the first floor is home to two further double bedrooms and another family bathroom. Throughout the house, you'll find notable original features such as wooden flooring and internal window shutters that add to its historic appeal. The exterior offers a low-maintenance rear garden along with a small patio area at the front. This outdoor space is perfect for those looking to create a tranquil retreat amid urban life. Location-wise, this property benefits from close proximity to public transport, with The Oval Tube station (Northern Line) just a nine-minute walk away. In addition, residents can enjoy nearby amenities at Camberwell Green including popular local spots like Angels and Gypsies and Hermits Cave, as well as leisure facilities at Camberwell Baths. For green space enthusiasts, Kennington Park offers expansive grounds and tennis courts, while Myatt’s Field Park directly opposite has been recognized as one of the best parks in the UK. Overall, this property not only provides comfortable living space but also represents an exciting project for anyone looking to invest in home improvement or capitalize on its growing location.

Investment Analysis

(SW9 area)

Above Market Value

This property is priced +15.1% above area average per sq ft

+15.1%
This Property
£822/sq ft
Area Average
£714/sq ft
Avg Rent (weekly)
£590
Avg Yield
5.9%

Renovation Potential

Est. Renovation Cost
£115,000 - £287,500
10-25% of property value
Target Value
£1,098,928
10% above area average per sq ft
Potential ROI
-23.6%
After renovation
Monthly Sales
27
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (SW9)

Area prices are stable by +2.0% over the last 12 months
3 year growth: -3.2%
5 year growth: 1.9%
Investment Disclaimer: Analysis based on SW9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Lothian Road, Oval, SW9
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