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Westcombe Hill, London

London

£380,000
Listed on 07/05/2026

Property Details

Bedrooms
2
Type
Detached
Area
1643 sqft

Description

Nestled privately behind a bustling retail and residential area on Westcombe Hill, this distinctive freehold former workshop offers a unique chance to acquire a converted living space in a sought-after South East London locale. Currently vacant, the property is ready for significant refurbishment, making it an attractive proposition for investors, developers, or those looking to create a bespoke home with ample opportunity to enhance value. The layout features an entrance porch that leads into a versatile ground floor arrangement with potential for two to three bedrooms, alongside a kitchen, reception room, and bathroom. The presence of natural skylights throughout adds to the character and brightness of the space. An expansive loft area on the first floor presents further possibilities subject to necessary approvals. With certain utilities requiring connection, buyers can personalize the finishing touches to align with their vision. Conveniently located near the vibrant amenities of Blackheath and Greenwich—offering cafes, restaurants, and parks—the property benefits from excellent transport links via nearby Westcombe Park and Blackheath stations, ensuring easy access to Canary Wharf, London Bridge, and other central destinations.

Investment Analysis

(SE3 area)

Below Market Value

This property is priced -63.6% below area average per sq ft

-63.6%
Potential saving
This Property
£231/sq ft
Area Average
£636/sq ft
Avg Rent (weekly)
£493
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£1,149,533
10% above area average per sq ft
Potential ROI
+173.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (SE3)

Area prices are rising by +9.4% over the last 12 months
3 year growth: +6.1%
5 year growth: +11.2%
Investment Disclaimer: Analysis based on SE3 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

Westcombe Hill, London
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,356
Based on a loan of £285,000 over 30 years at 3.97% 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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