Baring Road, Grove Park, Lewisham
London
£695,000Guide Price
Listed on 07/10/2026
Listed on 07/10/2026
The listing
Property details
Bedrooms
N/AType
Residential DevelopmentDescription
Offered at auction, this freehold mixed-use property on Baring Road in Grove Park is presented with planning permission for a rear extension and conversion to four self-contained one-bedroom flats, while retaining the existing commercial unit at the front. The consented scheme also includes bin and cycle storage and alterations to the existing roof terrace. Planning reference DC/23/133686 is given as Lewisham Council’s reference; purchasers should verify the permission, conditions and implementation requirements independently.
The property occupies a prominent position among local shops and services, with Grove Park station and the wider areas of Lee, Lewisham and Blackheath within reach. The sale is by online auction, with bidding scheduled for 3 November 2026. An auction entrance fee of £5,000 applies to the successful bidder, alongside the stated administration fee and any other charges set out in the legal documents. Buyers should review the auction conditions and legal pack before bidding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
41out of 100
Grade ELow opportunity
Confidence: LOW
This freehold mixed-use property has a clear development angle: planning permission is in place for a rear extension and conversion to four one-bedroom flats, while retaining the existing commercial unit. The proposed drawings give the project a defined direction, and the rear service yard can be reworked as part of the scheme. The visible interior is basic and the yard unfinished, but the wider internal condition is not shown, so this is a substantial conversion project rather than a cosmetic upgrade.
The score is held back by limited information on price and renovation economics: floor area is missing, so value against local £/sq ft cannot yet be judged. The auction guide is £695,000; bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
Key opportunities
- Deliver the consented rear extension and conversion to four self-contained one-bedroom flats while retaining the commercial frontage.
- Use the proposed drawings and existing roof terrace as a starting point for shaping the residential scheme.
- Rework the confined rear service yard as part of the wider development and site layout.
Key risks
- The proposed conversion and extension are a substantial construction programme, not a cosmetic refresh; the full internal condition is not shown, so budget and programme need careful assessment.
- Floor area is missing, preventing a comparison with local £/sq ft and leaving price/value and renovation economics difficult to assess.
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Transport
Nearest stations
Grove Park Rail Station
0.1 miles
Train · Grove Park
Sundridge Park Rail Station
1.1 miles
Train · Plaistow
Elmstead Woods Rail Station
1.3 miles
Train · Elmstead
Lee Rail Station
1.4 miles
Train · Lee
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£2,840
Based on a loan of £521,250 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.
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