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Covington Way, London, SW16

London

£600,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
959 sqft

Description

Situated in a serene cul-de-sac, this charming terraced residence presents a valuable opportunity for both first-time buyers and families, with notable potential for future enhancements, pending planning approval. Conveniently located between Norbury and Crystal Palace, the home is close to essential amenities, respected schools, and reliable transport options. The interior layout is practical and inviting. Upon entering, you are greeted by a light-filled reception room that serves as a comfortable area for everyday living. An adjoining dining space is ideal for family gatherings, while the kitchen is efficiently designed with modern cabinetry and ample workspace—perfect for the demands of family life. On the upper floor, you will find well-sized bedrooms capable of accommodating various needs—be it for family members or guests, with potential uses as a home office. The principal bedroom can comfortably house a king-size bed, while other rooms offer versatile arrangements. A stylish family bathroom fitted with contemporary features rounds out this level. The property also includes practical storage solutions such as built-in cupboards and loft access. There is significant scope for expansion through extensions (subject to necessary permissions), allowing new owners to adapt the space according to their evolving requirements. This location offers an attractive prospect for families, with four reputable schools within close proximity. Norbury Station is about 0.8 miles away, ensuring easy access to central London. Furthermore, both Norbury and Crystal Palace feature a variety of shops, cafes, and recreational facilities. Nearby parks like Biggin Wood, Streatham Common, and The Rookery provide excellent opportunities for outdoor activities. With the possibility of being sold chain-free, this property combines immediate livability with exciting long-term investment potential.

Investment Analysis

(SW16 area)

Above Market Value

This property is priced +9.0% above area average per sq ft

+9.0%
This Property
£626/sq ft
Area Average
£574/sq ft
Avg Rent (weekly)
£456
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£605,513
10% above area average per sq ft
Potential ROI
-6.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
58
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (SW16)

Area prices are stable by +1.2% over the last 12 months
3 year growth: 1.7%
5 year growth: 5.6%
Investment Disclaimer: Analysis based on SW16 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

Covington Way, London, SW16
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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
£2,198
Based on a loan of £450,000 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