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Land and Garages on Aldersgrove Avenue, SE9

London

£700,000

Listed on 30/05/2026

Property Details

Bedrooms
4
Type
Plot

Description

This property presents a unique freehold opportunity for residential development, situated on a generous rectangular concrete hardstanding site of approximately 5,107 sq ft. Currently, the site features 16 lock-up garages which are in a state of vacancy and disrepair, thus allowing for extensive redevelopment possibilities with the right approvals. A positive pre-application response indicating support for residential redevelopment has been received from the local authority, further underscoring the site's potential. Planning permission is now APPROVED for transforming the existing structure into a modern residential building comprising nine flats across part three and part four storeys, complete with amenities such as cycle storage and refuse facilities. The location is advantageous, positioned within the vibrant Bromley area of South East London and offering convenient access to numerous local amenities. Residents will enjoy proximity to recreational spaces like Mottingham Playing Fields while also benefiting from transport links that facilitate easy commutes to Central London via the A20. Moreover, there is an electricity substation lease tied to this property that provides options for negotiation or relocation depending on statutory provisions. Overall, this site not only offers immediate development opportunities but also promises significant investment potential in a well-connected suburban environment.

Investment Analysis

(SE9 area)
Area Average
£492/sq ft
Avg Rent (weekly)
£447
Avg Yield
4.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £450,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (SE9)

Area prices are stable by +1.0% over the last 12 months
3 year growth: +3.0%
5 year growth: +10.4%
Investment Disclaimer: Analysis based on SE9 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

Land and Garages on Aldersgrove Avenue, SE9
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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
£2,497
Based on a loan of £525,000 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

This calculation uses non-residential (land/commercial) tax rates.

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