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High Street, London SE20

London

£400,000
Listed on 21/09/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
559 sqft

Description

This two-bedroom Grade II listed Almshouse-style cottage in Penge presents a unique opportunity for anyone looking to invest in a property with both character and renovation potential. Steeped in history, this cottage features original period details that highlight its distinctive heritage, making it an appealing canvas for restoration. While it requires complete modernization, the inherent charm of the design offers the possibility to create a truly personalized living space. Situated in the historic Watermans Square, which was established in the early 1840s for the retired members of the Watermen and Lightermen’s Company, this property showcases notable Gothic-style architecture that sets it apart from typical homes in the area. Its location not only provides a strong sense of community but also delivers easy access to Penge East and Penge West train stations, ensuring excellent transport links. With a variety of shops, restaurants, and local amenities within walking distance, this cottage is well-positioned to benefit from both residential comfort and investment potential. The absence of an onward chain further facilitates a smooth process for prospective buyers eager to bring their vision to life in this historically rich setting.

Investment Analysis

(SE20 area)

Above Market Value

This property is priced +33.7% above area average per sq ft

+33.7%
This Property
£716/sq ft
Area Average
£535/sq ft
Avg Rent (weekly)
£375
Avg Yield
5.2%

Renovation Potential

Est. Renovation Cost
£40,000 - £100,000
10-25% of property value
Target Value
£329,187
10% above area average per sq ft
Potential ROI
-34.2%
After renovation
Monthly Sales
15
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (SE20)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 7.4%
5 year growth: 8.8%
Investment Disclaimer: Analysis based on SE20 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

High Street, London SE20
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