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Morecambe Street, London, SE17

London

£2,200,000
Listed on 18/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

Situated in the London Borough of Southwark, this three-storey freehold property presents a unique opportunity for redevelopment. Spanning approximately 243.2 sq m (2,617 sq ft), it consists of versatile spaces that could be maximised with the right vision. The ground floor houses around 105.6 sq m (1,136 sq ft) of office space, while the first floor offers a self-contained one-bedroom flat measuring approximately 74.5 sq m (801 sq ft). The standout feature is the second floor, which is a blank canvas of about 62.6 sq m (673 sq ft) with impressive vaulted ceilings and a full-width balcony, ideal for conversion into additional living or commercial space. This property not only includes off-street parking for up to three vehicles but is also strategically located within walking distance to Elephant and Castle tube station and close to major landmarks like The Shard and Waterloo station. Redevelopment potential exists subject to planning permissions, making this an attractive investment prospect.

Investment Analysis

(SE17 area)
Area Average
£802/sq ft
Avg Rent (weekly)
£574
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£125,000 - £200,000
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