Barforth Road, Peckham
London
£1,150,000Guide Price
Listed on 30/07/2026
Listed on 30/07/2026
The listing
Property details
Bedrooms
N/AType
Commercial PropertyArea
3412 sqftFeatures
- Garden
- Tenanted
Description
This property presents a significant development opportunity, as planning permission has already been granted for the demolition of the current five-bedroom house and the construction of a modern three-storey building featuring four two-bedroom apartments. Located in a thriving area near Peckham Rye Park, this site not only generates existing rental income but also offers excellent potential for future returns. The project will require attention to detailing the new design and setting up amenities such as cycle parking and refuse storage. Additionally, there is a confirmed Community Infrastructure Levy (CIL) payment of £76,805.05 applicable to the development. The property's current tenant is on a rolling contract with a two-month notice period, allowing for flexibility in project timelines once acquired.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
55out of 100
Grade DWeak opportunity
Confidence: LOW
At a £1.15m guide, this detached freehold is notably cheap against the local £/sqf average, making the acquisition price a clear opportunity. Bidding can take the hammer above the guide, so the eventual price may not remain this cheap. The listing states that consent has been granted to replace the existing property with four two-bedroom apartments; the proposed brick-and-metal-clad design, rooflights and planted frontage give the scheme a coherent visual direction. Verify the consent and its conditions, and note that the images show the proposed scheme rather than the existing building, so its condition cannot be assessed from them.
Key opportunities
- Acquire a freehold at a guide price well below the local £/sqf average.
- Explore the stated consent for four two-bedroom apartments, with private amenity, cycle parking and refuse storage.
- The proposed brick-and-metal-clad design, rooflights and planted frontage provide a coherent starting point for the consented scheme.
Key risks
- Confirm the planning consent, its conditions and the details of the confirmed CIL liability before proceeding.
- The existing building's condition is not shown in the available images, so its physical state remains unassessed.
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Transport
Nearest stations
Nunhead Rail Station
0.4 miles
Train · Nunhead
Peckham Rye Rail Station
0.6 miles
Train · Peckham
Queens Road Peckham Rail Station
0.7 miles
Train · Peckham
East Dulwich Rail Station
0.9 miles
Train · East Dulwich
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£4,699
Based on a loan of £862,500 over 30 years at 5.13% 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
This calculation uses non-residential (land/commercial) tax rates.
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