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Lagare, 51 Surrey Row, London, SE1 - Image 1
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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
1784 sqft

Description

Situated in the vibrant SE1 area, this property presents a compelling redevelopment opportunity at Lagare. Comprising two connected office units, this asset holds the potential for conversion into one or two unique residential properties. With individual unit sizes of approximately 1,784 sq ft and 1,556 sq ft spread over three floors, these spaces offer substantial room to redesign and reconfigure into contemporary living quarters that embody warehouse-style aesthetics. The existing layout establishes a solid base for transformation, allowing for creative freedom in crafting modern homes. Additionally, with the right planning permissions, there is an exciting possibility to merge both units into a single expansive dwelling, ideal for those seeking a remarkable open-plan loft environment in one of London’s most appealing central locales. The long leasehold of approximately 972 years provides stability as an investment, while its proximity to major transport links like Waterloo and Southwark enhances its attractiveness. This location is increasingly popular due to its rich cultural offerings and ongoing urban regeneration efforts. Thus, it represents a valuable chance for investors or developers looking to create distinctive residential spaces in a dynamic setting.

Investment Analysis

(SE1 area)

Below Market Value

This property is priced -49.5% below area average per sq ft

-49.5%
Potential saving
This Property
£448/sq ft
Area Average
£888/sq ft
Avg Rent (weekly)
£674
Avg Yield
4.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £400,000
Target Value
£1,743,396
10% above area average per sq ft
Potential ROI
+45.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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
£3,022
Based on a loan of £600,000 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

-11.1% since listed
£800,000£100,000(-11.1%)
15/05/2026
Current price
£900,000Initial listing
17/04/2026

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