Worst House on the Street Logo
Albany House, Portslade Road, Lambeth, London, SW8 - Image 1
Albany House, Portslade Road, Lambeth, London, SW8 - Image 2
Albany House, Portslade Road, Lambeth, London, SW8 - Image 3
Albany House, Portslade Road, Lambeth, London, SW8 - Image 4

Albany House, Portslade Road, Lambeth, London, SW8

London

£700,000
Listed on 03/07/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property offers a significant opportunity for redevelopment in a well-connected area of south London. Currently standing as a two-storey detached commercial building, the site has been granted full planning permission for its transformation into a six-storey structure with a basement. The approved design envisions high-quality commercial spaces across multiple levels, specifically catering to various business needs under Use Classes E(e) and E(g)(i)-(iii). Additionally, the plan includes a spacious three-bedroom duplex residential unit on the upper floors, complete with a private roof terrace. Strategically located near the Vauxhall Nine Elms Battersea Opportunity Area, this site is within close proximity to both transport links and local amenities. The nearby Queenstown Road Station provides direct access to Waterloo and Clapham Junction in just 10 minutes, while Wandsworth Road Station and Vauxhall Interchange offer further connectivity with Overground services and the Victoria Line respectively. The presence of numerous local bus routes enhances accessibility to Central London and surrounding boroughs. The surrounding environment boasts ample green spaces like Heathbrook Park and Battersea Park, making it an attractive area for residents and businesses alike. Recent nearby developments indicate strong ongoing investment in the region, particularly with projects that complement both commercial growth and residential expansion. With secured planning consent (application reference 2023/4592), this redevelopment project presents an appealing mix of commercial and residential space tailored to meet market demands. This comprehensive scheme not only aligns with local initiatives but also marks a promising investment opportunity in a rapidly evolving neighborhood. The consultation process with Wandsworth Council has refined the project’s design elements, optimizing its potential for success in this dynamic urban setting.

Investment Analysis

(SW8 area)
Area Average
£969/sq ft
Avg Rent (weekly)
£658
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£2,000,000 - £3,000,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (SW8)

Area prices are falling by +5.2% over the last 12 months
3 year growth: -30.8%
5 year growth: -21.2%
Investment Disclaimer: Analysis based on SW8 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

Albany House, Portslade Road, Lambeth, London, SW8
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,564
Based on a loan of £525,000 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.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE