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Wickham Lane, London

London

£475,000

Listed on 23/07/2026

The listing

Property details

Bedrooms
3
Type
Commercial Property

Features

  • Garden
  • Tenanted

Description

This mixed-use freehold property presents a significant investment opportunity in a bustling location. With a prominent position on Wickham Lane, the property draws a high volume of vehicular traffic and footfall, making it ideal for various commercial ventures. The ground floor features a spacious retail unit that has been well-maintained and includes additional storage areas, complemented by a substantial basement for further inventory or utility space. Above the shop lies an unexpectedly large three-bedroom flat, which is currently tenanted but could easily be improved to capture higher rental income or converted to an HMO with the necessary planning permissions. This dual-purpose asset has remained in the same ownership for decades, highlighting its established revenue potential while also presenting numerous avenues for renovation and expansion. This property’s location within a busy commercial area offers invaluable exposure for any business operation as well as considerable upside for rental enhancements in both residential and commercial segments.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

57out of 100
Grade DWeak opportunity

Confidence: LOW

The standout here is the freehold mixed-use setup: a prominent Wickham Lane retail unit with a self-contained three-bedroom flat above, plus rear ancillary space and basement storage. The flat looks well maintained in the photos, while the shop interior has dated panelling and worn flooring, giving an owner-occupier or investor a clear cosmetic refresh project; the small rear area could also be tidied and made more inviting.

At 57/100, this is a weaker overall opportunity rather than an obvious value buy. The floor area is missing, so value against local £/sqf cannot yet be judged, and the available figures do not establish the residual value after improvements. The property’s mixed-use freehold and visible trading position are its main attractions, but the price case needs more information to assess.

Key opportunities

  • Refresh the dated retail panelling and worn flooring to give the sales area a more contemporary feel.
  • Make better use of the enclosed rear outdoor area by clearing stored items and improving its presentation.
  • The freehold combines a roadside retail unit with a self-contained three-bedroom flat and useful ancillary and basement space.

Key risks

None recorded.

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Map

Location

Wickham Lane, London
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Transport

Nearest stations

  • Plumstead Rail Station

    0.8 miles

    Train · Plumstead

  • Abbey Wood (London) Rail Station

    0.9 miles

    Train · Abbey Wood

  • Welling Rail Station

    1.4 miles

    Train · Welling

  • Woolwich Arsenal Rail Station

    1.5 miles

    Train · Woolwich

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 5.13%

Current average variable rate is 6.58%

Monthly Repayments
£1,941
Based on a loan of £356,250 over 30 years at 5.13% 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

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

Pricing

Price history

-13.6% since listed
£475,000£75,000(-13.6%)
03/09/2026
Current price
£550,000Initial listing
21/07/2026

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