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Howard Road, London, SE20 - Image 1
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Howard Road, London, SE20

London

£550,000
Listed on 16/11/2025

Property Details

Bedrooms
3
Type
Flat
Area
1161 sqft

Description

This three-bedroom home in Penge presents a promising opportunity for buyers interested in renovation and investment. Offered with no onward chain, the property is ripe for modernization, allowing new owners to tailor the space to their preferences. The layout features a generous living area, a kitchen, a bathroom, and three well-proportioned bedrooms. There is significant potential to reconfigure the existing spaces or explore extension options, subject to necessary planning permissions. Outside, the property includes off-street parking for two vehicles and a private garden, providing both convenience and outdoor space. Its location is advantageous, situated near local shops, schools, and transport links such as Penge East and Penge West stations. This combination of features makes it an attractive prospect for those looking to invest in a home that they can enhance over time.

Investment Analysis

(SE20 area)

Below Market Value

This property is priced -11.8% below area average per sq ft

-11.8%
Potential saving
This Property
£474/sq ft
Area Average
£537/sq ft
Avg Rent (weekly)
£371
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£686,186
10% above area average per sq ft
Potential ROI
+12.5%
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

Howard Road, 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
£2,015
Based on a loan of £412,500 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.

Next Steps

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