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Cottingham Road, Penge, London

London

£550,000

Listed on 18/07/2026

Property details

Bedrooms
3
Type
Terraced
Area
848 sqft

Description

This three-bedroom Victorian mid-terrace home presents a compelling opportunity for renovation and personalization in one of SE20's most desirable locations. Just steps from Penge High Street, residents enjoy easy access to a variety of shops, cafés, and efficient transport options, including multiple mainline stations and bus routes. The well-sized layout offers abundant natural light throughout its two floors, featuring an inviting entrance hall that opens to an impressive through lounge equipped with a period fireplace and large plantation-shuttered bay window. The reception area extends into the fitted kitchen, which provides ample storage and pleasant views of the garden. Upstairs, you'll find three generously proportioned bedrooms with stylish plantation shutters, accompanied by a contemporary family bathroom adorned with full-height tiling. The rear garden boasts both patio space for entertaining and a substantial lawn area, presenting numerous possibilities for enhancement. Additionally, the spacious loft offers further potential for conversion (subject to planning permissions), making this property perfect for those looking to invest and create their ideal living space.

Investment analysis

(SE20 area)

Above Market Value

This property is priced +18.7% above area average per sq ft

+18.7%
This Property
£649/sq ft
Area Average
£546/sq ft
Avg Rent (weekly)
£378
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £65,000
Target Value
£509,682
10% above area average per sq ft
Potential ROI
-17.1%
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
8%
Properties sold annually

Local Market Trend (SE20)

Area prices are stable by +0.6% over the last 12 months
3 year growth: +5.0%
5 year growth: +3.4%
Investment Disclaimer: Analysis based on SE20 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

Cottingham Road, Penge, London
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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
£2,078
Based on a loan of £412,500 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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