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Millmark Grove, London, SE14

London

£699,950
Listed on 26/06/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
905 sqft

Description

This three-bedroom terrace property, dating back to the 1930s, presents a significant opportunity for renovation and investment. Situated in a desirable area, the home offers a sturdy foundation with potential for modern updates and enhancements. The inclusion of a newly-built garden shed adds practical value, while the possibility of extending the property (subject to planning permission) opens up further avenues for expansion. Located conveniently near the vibrant communities of Brockley, Telegraph Hill, and New Cross, this property benefits from easy access to local amenities and public transport connections. The surrounding neighborhoods are known for their charm and community spirit, making this location appealing to families and young professionals alike. Free on-street parking is an added advantage in this bustling area. With its freehold status and proximity to essential services such as mains water, gas, and electricity, this home is well-positioned for future growth. Whether you're looking to undertake a complete renovation or simply make strategic updates over time, this property offers ample scope to increase its value while creating a personalized living space. Prospective buyers are encouraged to explore the potential that lies within these walls. Viewing can be arranged by appointment for those interested in seeing firsthand how this home can be transformed into a contemporary residence tailored to modern living needs.

Investment Analysis

(SE14 area)

Above Market Value

This property is priced +22.3% above area average per sq ft

+22.3%
This Property
£773/sq ft
Area Average
£632/sq ft
Avg Rent (weekly)
£472
Avg Yield
5.5%

Renovation Potential

Est. Renovation Cost
£69,995 - £174,988
10-25% of property value
Target Value
£629,305
10% above area average per sq ft
Potential ROI
-28.1%
After renovation
Monthly Sales
15
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (SE14)

Area prices are rising by +18.8% over the last 12 months
3 year growth: -1.2%
5 year growth: 6.6%
Investment Disclaimer: Analysis based on SE14 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

Millmark Grove, London, SE14
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