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High Street, London, SE20

London

£450,000
Listed on 29/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
797 sqft

Description

This two-bedroom Grade II listed Almshouse-style cottage presents a distinctive opportunity for those looking to invest in a property rich in character and history. Nestled in the heart of Penge, the home showcases authentic period features that reflect its historic significance. While it currently requires comprehensive modernization, this serves as a perfect canvas for renovation enthusiasts eager to infuse their personal style while restoring its original charm. Situated in the notable Watermans Square, a location established in the early 1840s for retired members of the Watermen and Lightermen’s Company of London, this residence boasts captivating Gothic-style architecture. The charm of the exterior is matched by its potential within; an ideal project for buyers looking to create a bespoke living space. Conveniently located within walking distance of both Penge East and Penge West stations, residents will enjoy easy access to public transportation. Additionally, the surrounding area offers a diverse range of shops, dining options, and local amenities, making it an appealing spot for future inhabitants. With no onward chain, this property not only promises a rich historical connection but also presents a unique chance to mold it into a modern home while preserving its heritage essence.

Investment Analysis

(SE20 area)

Above Market Value

This property is priced +5.1% above area average per sq ft

+5.1%
This Property
£565/sq ft
Area Average
£537/sq ft
Avg Rent (weekly)
£371
Avg Yield
5.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£471,051
10% above area average per sq ft
Potential ROI
-12.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (SE20)

Area prices are stable by +0.9% over the last 12 months
3 year growth: 6.6%
5 year growth: 7.1%
Investment Disclaimer: Analysis based on SE20 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

High Street, London, SE20
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,648
Based on a loan of £337,500 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.

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