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Westcombe Hill, Blackheath

London

£380,000
Listed on 07/05/2026

Property Details

Bedrooms
2
Type
Detached
Area
1643 sqft

Description

Nestled behind a vibrant mix of shops and homes on Westcombe Hill, this distinctive former workshop offers a unique chance for renovation in a sought-after part of South East London. Currently vacant, the property is primed for refurbishment, making it an attractive option for investors, developers, or those looking to create a personalized living space with the potential for increased value. The layout features an entrance porch leading to flexible accommodation that includes a bathroom, kitchen, reception area, and two to three bedrooms illuminated by natural skylights that enhance its charm. A generous loft area adds further options for reconfiguration or extension, subject to planning requirements. Although some utilities need to be connected, this aspect provides future owners the opportunity to tailor finishes and fittings according to their preferences. With convenient access to the amenities of Blackheath and Greenwich—along with excellent transport links to central London—this property holds significant appeal in today’s market.

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
£30,000 - £50,000
Target Value
£1,149,533
10% above area average per sq ft
Potential ROI
+167.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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, Blackheath
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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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