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Morecambe Street, London, SE17

London

£2,200,000
Listed on 17/12/2025

Property Details

Bedrooms
2
Type
House
Area
2618 sqft

Description

Situated in the Southwark area of London, this versatile three-storey freehold property spans approximately 243.2 sq m (2,617 sq ft) and presents an intriguing opportunity for renovation and redevelopment. Currently, the ground floor comprises around 105.6 sq m (1,136 sq ft) of office space, which can be reimagined or repurposed to meet modern demands. Above, a well-appointed one-bedroom self-contained flat of about 74.5 sq m (801 sq ft) provides immediate living accommodation. The second floor offers a blank canvas of approximately 62.6 sq m (673 sq ft), featuring a striking vaulted ceiling and access to a full-width balcony, ideal for further residential conversion or enhancement. With off-street parking available for up to three vehicles and proximity to Elephant and Castle tube station—just 700 metres away—this property is close to major transport links and amenities. The potential for redevelopment is significant, subject to planning permissions, making this an attractive investment prospect in a rapidly developing area.

Investment Analysis

(SE17 area)

Above Market Value

This property is priced +5.8% above area average per sq ft

+5.8%
This Property
£840/sq ft
Area Average
£794/sq ft
Avg Rent (weekly)
£583
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£2,287,425
10% above area average per sq ft
Potential ROI
-1.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (SE17)

Area prices are falling by -22.9% over the last 12 months
3 year growth: -0.9%
5 year growth: +17.4%
Investment Disclaimer: Analysis based on SE17 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

Morecambe Street, London, SE17
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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
£7,792
Based on a loan of £1,650,000 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

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