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Lagare, 51 Surrey Row, London, SE1

London

£800,000
Listed on 06/02/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1556 sqft

Description

This property offers a compelling investment opportunity, featuring two interconnected office units available for sale either separately or as a collective acquisition. With the potential for conversion into bespoke, warehouse-style residential spaces, this site presents an exciting project for developers and homeowners alike. Spanning three levels - basement, ground, and first floor - the units boast substantial internal areas of approximately 1,793 sq ft and 1,552 sq ft. Buyers can consider transforming these units into a single expansive dwelling upon securing the necessary planning permissions. Held on a leasehold with approximately 972 years remaining and rated C on the Commercial EPC scale, this property is strategically located in a well-connected area, making it ideal for those looking to capitalize on the demand for innovative living spaces.

Investment Analysis

(SE1 area)

Below Market Value

This property is priced -43.3% below area average per sq ft

-43.3%
Potential saving
This Property
£514/sq ft
Area Average
£906/sq ft
Avg Rent (weekly)
£624
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,550,881
10% above area average per sq ft
Potential ROI
+63.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (SE1)

Area prices are falling by -2.1% over the last 12 months
3 year growth: -10.1%
5 year growth: -28.3%
Investment Disclaimer: Analysis based on SE1 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

Lagare, 51 Surrey Row, London, SE1
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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
£2,885
Based on a loan of £600,000 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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