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169 Perry Vale, London, SE23 2JD - Image 1
169 Perry Vale, London, SE23 2JD - Image 2

169 Perry Vale, London, SE23 2JD

London

£595,000Guide Price

Listed on 15/09/2026

The listing

Property details

Bedrooms
5
Type
Detached
Area
1399 sqft

Description

This detached house presents a significant renovation opportunity, previously utilized as a quasi-HMO without the necessary licenses. The property features five bedrooms, with the potential to revert to a single dwelling or convert into multiple units, subject to obtaining the appropriate consents. It requires extensive refurbishment, and while the previous occupants have cleared much of the interior, some residual items may remain. Notably, Japanese Knotweed has been identified on the premises, with ongoing herbicide treatment in place, which will be transferred to the new owner. The accommodation includes a cellar for storage, two reception rooms, a dining room, kitchen, and WC on the ground floor. The first floor comprises three bedrooms and a bathroom, while the attic houses two additional rooms that were previously used as bedrooms. Outside, there are front and rear gardens. Situated less than half a mile from Forest Hill Station, the location offers convenient Zone 3 rail links into central London, alongside various local amenities and parks. This property is being sold under Proceeds of Crime legislation, and interested parties should conduct their own due diligence regarding planning permissions and local regulations.

WHOTS analysis

Our WHOTS verdict

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

65out of 100
Grade CPotential opportunity

Confidence: MEDIUM

This five-bedroom detached house presents a significant opportunity for renovation, priced exceptionally at £425/sqf, which is 30.9% below the local average of £616/sqf. The property, located near transport links and amenities, has the potential to be transformed into a desirable family home or even converted into multiple units, subject to obtaining the necessary consents.

However, the condition of the property is a concern, with the overall state described as poor. The house requires extensive refurbishment, including dealing with issues such as Japanese Knotweed and potentially unresolved planning matters related to its previous quasi-HMO use. This means prospective buyers should be prepared for a heavy project that will demand significant investment and time to realize its full potential.

Key opportunities

  • Transform the spacious layout into a modern family home or multiple rental units, pending necessary consents.
  • Utilize the sizeable garden space to enhance outdoor living and curb appeal.
  • Revitalize the interior to create a property that meets contemporary standards.

Key risks

  • Stripped interiors and a £150,000–£300,000 works budget make this a full-gut programme, not a refresh.
  • Potential planning issues with previous HMO use may complicate future development.
  • Existence of Japanese Knotweed requires ongoing treatment and monitoring.

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Map

Location

169 Perry Vale, London, SE23 2JD
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Finance

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

£
£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,248
Based on a loan of £446,250 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.

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