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Perry Rise, Forest Hill, London, SE23 - Image 1
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Perry Rise, Forest Hill, London, SE23

London

£650,000

Listed on 15/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1066 sqft

Description

This three-bedroom period home is situated in the desirable area of Forest Hill, presenting a unique opportunity for renovation and investment. Spanning approximately 1,066 sq ft over two floors, the property combines classic features with modern living spaces. At the front, a generously sized reception room filled with natural light provides a cozy atmosphere, enhanced by custom-built joinery and an eye-catching fireplace—ideal for creating a welcoming environment for family and friends. Towards the rear, the kitchen/dining area acts as a central hub of the house. Although the deVOL kitchen has recently received some cosmetic updates such as repainting and re-oiling, there remains significant potential to upgrade further or even redesign this space to suit personal tastes. The expansive bifold doors open onto a large south-facing garden, complete with mature plants and patio areas that hold promise for outdoor entertaining. The first floor is home to three well-sized bedrooms alongside an elegant family bathroom. While these rooms are currently livable, there is opportunity to refresh them with new decor or layouts. The inclusion of double glazing ensures energy efficiency while a substantial garden shed offers added storage solutions. With potential extensions available (subject to planning), this property is ripe for transformation. Convenience is key here, with Forest Hill, Sydenham, and Catford stations nearby offering easy access to central London destinations. The local area boasts various amenities including reputable schools and green spaces like Mayow Park along with independent cafés and restaurants, making it an attractive spot for families.

Investment Analysis

(SE23 area)

Below Market Value

This property is priced -1.5% below area average per sq ft

-1.5%
Potential saving
This Property
£610/sq ft
Area Average
£619/sq ft
Avg Rent (weekly)
£407
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£726,133
10% above area average per sq ft
Potential ROI
+3.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (SE23)

Area prices are rising by +5.0% over the last 12 months
3 year growth: +1.0%
5 year growth: +3.9%
Investment Disclaimer: Analysis based on SE23 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

Perry Rise, Forest Hill, London, SE23
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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
£2,319
Based on a loan of £487,500 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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