Worst House on the Street Logo
Morecambe Street, London, SE17 - Image 1
Morecambe Street, London, SE17 - Image 2
Morecambe Street, London, SE17 - Image 3
Morecambe Street, London, SE17 - Image 4
Morecambe Street, London, SE17 - Image 5
Morecambe Street, London, SE17 - Image 6
Morecambe Street, London, SE17 - Image 7
Morecambe Street, London, SE17 - Image 8
Morecambe Street, London, SE17 - Image 9
Morecambe Street, London, SE17 - Image 10
Morecambe Street, London, SE17 - Image 11

Morecambe Street, London, SE17

London

£2,200,000
Listed on 19/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
2618 sqft

Description

Nestled in the vibrant London Borough of Southwark, this three-storey mixed-use freehold property presents a valuable opportunity for savvy investors and developers. Spanning approximately 243.2 sq m (2,617 sq ft), the building boasts off-street parking for up to three vehicles, enhancing its appeal. The ground floor offers a generous office space of about 105.6 sq m (1,113 sq ft), while the first floor contains a contemporary one-bedroom flat measuring approximately 74.5 sq m (801 sq ft). Notably, the second floor remains an open canvas of approximately 62.6 sq m (673 sq ft), showcasing a striking vaulted ceiling and access to a full-width balcony—ideal for further development or reconfiguration into additional residential units or commercial space. With redevelopment opportunities subject to planning consent, this property is strategically located within walking distance of Elephant and Castle tube station, providing excellent connectivity to Central London, with key landmarks like The Shard and Waterloo station close by.

Investment Analysis

(SE17 area)

Above Market Value

This property is priced +7.5% above area average per sq ft

+7.5%
This Property
£840/sq ft
Area Average
£782/sq ft
Avg Rent (weekly)
£562
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£2,251,716
10% above area average per sq ft
Potential ROI
-2.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (SE17)

Area prices are falling by -24.0% over the last 12 months
3 year growth: -5.3%
5 year growth: +14.6%
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
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£7,935
Based on a loan of £1,650,000 over 30 years at 4.06% 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

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Finance for Buy-to-Let, Bridging & Development