Worst House on the Street Logo
Eton Grove, London, SE13 - Image 1
Eton Grove, London, SE13 - Image 2
Eton Grove, London, SE13 - Image 3
Eton Grove, London, SE13 - Image 4
Eton Grove, London, SE13 - Image 5

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 +18.2% above area average per sq ft

+18.2%
This Property
£707/sq ft
Area Average
£598/sq ft
Avg Rent (weekly)
£434
Avg Yield
5.5%

Renovation Potential

Est. Renovation Cost
£290,000 - £725,000
10-25% of property value
Target Value
£2,698,559
10% above area average per sq ft
Potential ROI
-25.6%
After renovation
Monthly Sales
38
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (SE13)

Area prices are rising by +2.2% over the last 12 months
3 year growth: -0.9%
5 year growth: 10.4%
Investment Disclaimer: Analysis based on SE13 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

Eton Grove, London, SE13
Map showing location of Eton Grove, London, SE13
Open Map

Similar Properties