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Well Hall Parade, London, SE9

London

£590,000
Listed on 21/04/2026

Property Details

Bedrooms
N/A
Type
Shop
Area
519 sqft

Description

Situated on the bustling Well Hall Parade, this property features two commercial units with significant investment potential in a sought-after area of Eltham, within the Royal Borough of Greenwich. Just a short distance from Eltham Railway Station, which offers rapid access to Central London, the location is ideal for both business and residential conversions. The first unit, currently leased to a gallery, encompasses approximately 1,577 sq.ft (146.5 m²) and includes two independent outbuildings that present an opportunity for conversion into residential studio apartments, subject to obtaining necessary planning permissions. The second unit is home to a coffee shop with a lease secured until December 2029. With a total lettable area of 2,096 sq.ft (194.7 m²) and an annual rental income of £41,720, there is strong potential for capital appreciation and enhanced cash flow through strategic asset management. The proximity to local amenities such as Sainsbury's Local and various independent eateries adds further appeal. This property not only offers immediate income but also the prospect for future redevelopment and increased value in a growing community.

Investment Analysis

(SE9 area)

Above Market Value

This property is priced +131.3% above area average per sq ft

+131.3%
This Property
£1,137/sq ft
Area Average
£491/sq ft
Avg Rent (weekly)
£456
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£280,540
10% above area average per sq ft
Potential ROI
-58.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (SE9)

Area prices are stable by +1.5% over the last 12 months
3 year growth: +4.1%
5 year growth: +11.2%
Investment Disclaimer: Analysis based on SE9 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

Well Hall Parade, London, SE9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,090
Based on a loan of £442,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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