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Eton Grove, London, SE13 - Image 1
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Eton Grove, London, SE13

London

£2,900,000
Listed on 15/02/2023

Property Details

Bedrooms
1
Type
Detached house
Area
4100 sqft

Description

This property presents a substantial opportunity for innovative investors and developers looking to capitalize on its existing potential. Currently configured as a spacious workshop and office space, the detached industrial unit boasts ample room, with approximately 4,400 square feet of usable area. The building sits on a site of around 0.025 hectares (0.062 acres), offering flexibility in renovation or redevelopment plans. Notably, the property has received Prior Approval for conversion into ten one-bedroom flats, paving the way for a significant residential project that could cater to the growing demand for housing in the area. Located just off Eton Grove, this site is conveniently positioned near Dacre Park and within easy reach of Blackheath's vibrant high street, providing access to shopping, dining, and transport links. The zoning and current approval status enhance the property's attractiveness for investment, making it an appealing option for those looking to engage in both commercial and residential development. With thoughtful planning and renovation, this property has the potential to transform into a profitable venture tailored to the needs of modern living.

Investment Analysis

(SE13 area)

Above Market Value

This property is priced +20.2% above area average per sq ft

+20.2%
This Property
£707/sq ft
Area Average
£589/sq ft
Avg Rent (weekly)
£409
Avg Yield
5.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£2,654,812
10% above area average per sq ft
Potential ROI
-15.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (SE13)

Area prices are rising by +5.7% over the last 12 months
3 year growth: 2.0%
5 year growth: 8.3%
Investment Disclaimer: Analysis based on SE13 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Eton Grove, London, SE13
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£10,623
Based on a loan of £2,175,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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