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Lagare, 51 Surrey Row, London, SE1

London

£700,000

Listed on 06/02/2026

Property details

Bedrooms
3
Type
Terraced
Area
1556 sqft

Description

Located in the vibrant SE1 district, this property represents a unique investment opportunity for those looking to undertake an ambitious conversion project. The two adjoining office units, currently set up over basement, ground, and first floors, offer substantial internal space of approximately 1,784 sq ft and 1,556 sq ft respectively. This configuration not only provides a solid base for redevelopment but also allows for creativity in transforming these spaces into one or two stylish residential homes, enhancing their appeal in a sought-after London location. With potential planning permission, there is also the possibility to merge both units into a large single residence that could showcase stunning loft-style living with impressive design elements. The long leasehold status (with around 972 years remaining) adds further security to this investment. Situated conveniently close to Waterloo and Southwark stations, the property is embedded within an area known for its cultural vibrancy and ongoing development. This makes it an ideal candidate for those aiming to capitalize on the increasing demand for high-quality residential spaces in central London. The combination of flexibility and potential makes this a noteworthy prospect for serious investors or developers seeking to create distinctive living environments.

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Investment analysis

(SE1 area)

Below Market Value

This property is priced -49.4% below area average per sq ft

-49.4%
Potential saving
This Property
£450/sq ft
Area Average
£888/sq ft
Avg Rent (weekly)
£674
Avg Yield
4.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £350,000
Target Value
£1,520,585
10% above area average per sq ft
Potential ROI
+44.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (SE1)

Area prices are falling by -3.2% over the last 12 months
3 year growth: -13.7%
5 year growth: -27.0%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,645
Based on a loan of £525,000 over 30 years at 4.45% 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.

Stamp duty calculator

Price History

-12.5% since listed
£700,000£100,000(-12.5%)
15/05/2026
Current price
£800,000Initial listing
17/04/2026

Next Steps

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