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Royston Road, London, SE20

London

£550,000
Listed on 09/03/2026

Property Details

Bedrooms
4
Type
Terraced house
Area
1472 sqft

Description

This substantial Victorian residence, featuring four bedrooms and spanning approximately 1,472 sq ft, presents a unique opportunity for those looking to invest in a renovation project in Penge. Currently unmodernised, the layout allows for significant flexibility; the house can be reconfigured into two flats or transformed back into a spacious family home with the potential for a loft conversion to further enhance living space. Although it requires comprehensive refurbishment throughout, there are several positive aspects to build upon, including existing windows that could be retained given their condition. The classic Victorian design offers generous room sizes and high ceilings, which form an ideal canvas for creative remodeling. The ground floor includes two reception rooms, a separate dining area, and a kitchen leading to a garden that measures approximately 37 ft in length. This outdoor space is currently overgrown but holds potential for landscaping tailored to either residential use or dual occupancy. Upstairs features four well-proportioned bedrooms along with a family bathroom. Notably, the principal bedroom is especially spacious. The loft area above is substantial and presents clear opportunities for conversion following necessary permissions. Located conveniently within Penge—between Beckenham and Crystal Palace—the property benefits from excellent transport links to central London via nearby stations and tram stops. Local amenities are easily accessible via Penge High Street and Beckenham High Street. Additionally, the area boasts ample green space with nearby Crystal Palace Park enhancing its appeal. Overall, this property stands out as a rare find in South East London—a promising project that not only has renovation potential but also investment viability in an area known for its demand.

Investment Analysis

(SE20 area)

Below Market Value

This property is priced -31.1% below area average per sq ft

-31.1%
Potential saving
This Property
£374/sq ft
Area Average
£542/sq ft
Avg Rent (weekly)
£378
Avg Yield
5.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£878,092
10% above area average per sq ft
Potential ROI
+25.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (SE20)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +7.7%
5 year growth: +8.3%
Investment Disclaimer: Analysis based on SE20 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

Royston Road, London, SE20
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,984
Based on a loan of £412,500 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.

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