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Crampton Road, Penge

London

£550,000
Listed on 23/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
883 sqft

Description

This three-bedroom family residence offers a promising opportunity for those looking to invest in a modernisation project. Conveniently situated within walking distance of both Penge East and Penge West Stations, the property benefits from excellent rail links to Central London and beyond. Local amenities are readily available, with a variety of independent shops, cafés, bars, and restaurants just down the road. The nearby Crystal Palace Park is undergoing revitalisation, adding further appeal to the area. The layout spans two floors and includes two reception rooms, a kitchen, and a bathroom on the ground floor, complemented by three double bedrooms upstairs. This home is primed for renovation, with significant scope for improvement including potential for a loft extension and reconfiguration of existing spaces (subject to planning approval). With no forward chain, this property is available for immediate acquisition.

Investment Analysis

(SE20 area)

Above Market Value

This property is priced +15.6% above area average per sq ft

+15.6%
This Property
£623/sq ft
Area Average
£539/sq ft
Avg Rent (weekly)
£387
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£523,434
10% above area average per sq ft
Potential ROI
-12.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (SE20)

Area prices are stable by -0.4% over the last 12 months
3 year growth: +5.9%
5 year growth: +6.9%
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

Crampton Road, Penge
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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
£1,948
Based on a loan of £412,500 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.

Stamp Duty Calculator

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