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Penrose Street, London, SE17

London

£373,000
Listed on 26/03/2026

Property Details

Bedrooms
3
Type
Flat
Area
883 sqft

Description

Presenting a three-bedroom flat situated on the second floor, this property is an excellent opportunity for those seeking a renovation project. While it requires comprehensive updating throughout, its location in a sought-after area adds significant investment potential. The flat benefits from being offered with no onward chain, allowing for a straightforward purchase process. With a service charge and ground rent to consider, potential buyers should also be aware of the lease length of 99 years. This property is ideal for individuals looking to create their own modern living space or investors aiming to capitalize on market improvements.

Investment Analysis

(SE17 area)

Below Market Value

This property is priced -46.8% below area average per sq ft

-46.8%
Potential saving
This Property
£422/sq ft
Area Average
£794/sq ft
Avg Rent (weekly)
£583
Avg Yield
5.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£771,504
10% above area average per sq ft
Potential ROI
+82.4%
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
5%
Properties sold annually

Local Market Trend (SE17)

Area prices are falling by -22.9% over the last 12 months
3 year growth: -0.9%
5 year growth: +17.4%
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

Penrose Street, London, SE17
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,321
Based on a loan of £279,750 over 30 years at 3.91% 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.

Price History

-12.2% since listed
£373,000£52,000(-12.2%)
31/03/2026
Current price
£425,000Initial listing
27/03/2026

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