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Morecambe Street, London, SE17

London

£2,200,000
Listed on 20/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
2618 sqft

Description

Situated in the vibrant London Borough of Southwark, this mixed-use freehold property spans three storeys and offers approximately 243.2 sq m (2,617 sq ft) of versatile space. The ground floor comprises around 105.6 sq m (1,136 sq ft) dedicated to office use, while the first floor is home to a contemporary one-bedroom self-contained flat covering about 74.5 sq m (801 sq ft). Notably, the second floor presents an expansive blank canvas of around 62.6 sq m (673 sq ft), characterized by an impressive vaulted ceiling and a full-width balcony, making it ideal for further development or conversion projects, subject to obtaining necessary planning permissions. The property also includes off-street parking for up to 3 vehicles, adding to its appeal for potential investors. Conveniently located within a short distance from Elephant and Castle tube station and key landmarks like The Shard and London Waterloo station, this property holds significant potential for those looking to capitalize on Southwark's ongoing development.

Investment Analysis

(SE17 area)

Above Market Value

This property is priced +4.8% above area average per sq ft

+4.8%
This Property
£840/sq ft
Area Average
£802/sq ft
Avg Rent (weekly)
£574
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£2,308,160
10% above area average per sq ft
Potential ROI
-0.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (SE17)

Area prices are falling by +25.4% over the last 12 months
3 year growth: -7.6%
5 year growth: 9.0%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£8,059
Based on a loan of £1,650,000 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.

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