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Lagare, 51 Surrey Row, London, SE1

London

£1,400,000

Listed on 25/06/2026

Property details

Bedrooms
4
Type
Terraced
Area
3340 sqft

Description

Located in the vibrant SE1 postcode, this property comprises two adjoining office units presenting a significant redevelopment opportunity. Currently configured as separate offices totaling approximately 3,340 sq ft across three floors, these spaces offer ample square footage and flexible layouts ripe for conversion. With potential plans to merge the units, one could envision a loft-style family home featuring four to five bedrooms, expansive living areas, and private outdoor space—an appealing prospect in coveted Zone 1. Alternatively, both units can be transformed into two spacious residential apartments that cater to the strong rental demand in the area. The long leasehold with around 972 years remaining adds further investment security. Situated strategically between Waterloo, Southwark, and Borough means residents will benefit from excellent transport links and proximity to a wealth of amenities—including cultural hotspots and an eclectic array of dining options. This project not only promises substantial renovation potential but also stands at the forefront of ongoing urban regeneration in one of London's most dynamic neighborhoods.

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Investment analysis

(SE1 area)

Below Market Value

This property is priced -52.8% below area average per sq ft

-52.8%
Potential saving
This Property
£419/sq ft
Area Average
£888/sq ft
Avg Rent (weekly)
£674
Avg Yield
4.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£3,262,145
10% above area average per sq ft
Potential ROI
+97.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (SE1)

Area prices are falling by -4.0% over the last 12 months
3 year growth: -14.5%
5 year growth: -26.6%
Investment Disclaimer: Analysis based on SE1 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

Lagare, 51 Surrey Row, London, SE1
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£5,289
Based on a loan of £1,050,000 over 30 years at 4.45% 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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