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Morecambe Street, London, SE17

London

£2,200,000

Listed on 17/12/2025

Property details

Bedrooms
2
Type
Mixed Use
Area
2618 sqft

Description

Situated in the vibrant London Borough of Southwark, this three-storey freehold property offers a total area of approximately 243.2 sq m (2,617 sq ft) with considerable redevelopment potential. The ground floor hosts around 105.6 sq m (1,136 sq ft) of office space, while the first floor features a well-appointed one-bedroom self-contained flat spanning approximately 74.5 sq m (801 sq ft). The second floor presents a remarkable opportunity as a blank canvas, encompassing about 62.6 sq m (673 sq ft) with impressive vaulted ceilings and a full-width balcony, perfect for adding value through creative renovations. This property is conveniently located within 700 metres of Elephant and Castle tube station for easy access to Central London and is close to landmarks such as The Shard and London Waterloo station. It represents an excellent investment opportunity, pending the necessary planning permissions.

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Investment analysis

(SE17 area)

Above Market Value

This property is priced +6.1% above area average per sq ft

+6.1%
This Property
£840/sq ft
Area Average
£792/sq ft
Avg Rent (weekly)
£627
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£2,280,946
10% above area average per sq ft
Potential ROI
-1.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (SE17)

Area prices are falling by -14.5% over the last 12 months
3 year growth: +5.2%
5 year growth: +26.1%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£8,311
Based on a loan of £1,650,000 over 30 years at 4.45% 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

This calculation uses non-residential (land/commercial) tax rates.

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