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Allenby Road, Forest Hill, London, SE23

London

£1,500,000

Listed on 28/05/2026

Property Details

Bedrooms
5
Type
House
Area
2480 sqft

Description

Situated on the desirable Allenby Road, this five-bedroom detached home in Forest Hill presents a compelling opportunity for renovation and investment. With a substantial internal space of approximately 2,480 sq ft, the property is laid out to maximize natural light and offers a blend of traditional charm with modern potential. The layout includes five spacious double bedrooms—two featuring built-in wardrobes—and two bathrooms along with a separate WC, making it suitable for family living or shared accommodation. The ground floor is designed with versatility in mind, featuring two large reception rooms that are ideal for both gatherings and everyday living, alongside a separate dining room and a dedicated study perfect for remote work. The kitchen, enhanced with an island, serves as the heart of the home. Additional assets include a generous cellar and a garden studio adaptable for various uses such as an office or creative space. While the home is currently in good condition with period features intact, there is significant scope for enhancement—be it reconfiguring living spaces or extending upon existing foundations (subject to planning permissions). Its proximity to Forest Hill station ensures excellent transport links across London, complemented by convenient access to local amenities such as esteemed schools and vibrant local eateries. Viewings are highly encouraged for those interested in tapping into the full potential of this property.

Investment Analysis

(SE23 area)

Below Market Value

This property is priced -2.3% below area average per sq ft

-2.3%
Potential saving
This Property
£605/sq ft
Area Average
£619/sq ft
Avg Rent (weekly)
£407
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£55,000 - £90,000
Target Value
£1,689,314
10% above area average per sq ft
Potential ROI
+6.2%
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

Allenby Road, 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
£5,351
Based on a loan of £1,125,000 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.

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