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Penrose Street, London

London

£650,000

Listed on 08/10/2026

The listing

Property details

Bedrooms
3
Type
Semi Detached
Area
1111 sqft

Description

This three double bedroom semi-detached period freehold house presents a unique opportunity for renovation and extension, subject to the necessary planning permissions. Nestled in a quiet residential area, this property is available with no onward chain, allowing you to make it your own. The home features a driveway for off-street parking and is conveniently located near various amenities. Transport links are easily accessible via Kennington and Elephant & Castle tube stations, alongside a selection of bus routes. The nearby Walworth Road offers an array of shops, restaurants, and supermarkets, while green spaces like Pasley Park are just a short distance away. Spanning approximately 1111 sq ft, the accommodation includes an entrance hall, three spacious double bedrooms, a double reception room, a dining room, a kitchen, a bathroom, and a rear garden. This property is in need of complete renovation, making it an ideal project for those looking to invest in their future home. Early viewings are advised due to expected high interest.

WHOTS analysis

Our WHOTS verdict

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

64out of 100
Grade CPotential opportunity

Confidence: MEDIUM

This three-bedroom semi-detached house offers a rare chance to acquire a period property in a location with excellent transport links and local amenities. Priced at £650,000, it comes in significantly below the local average of £785/sqf, making it an attractive option for buyers looking to create value through renovation. The house features a generous layout of over 1,111 sq ft, including three double bedrooms, a double reception room, and a rear garden, all of which present a blank canvas for a complete transformation.

However, the property is in poor condition, with visible damage and neglect throughout. The living areas, bedrooms, kitchen, and bathroom all require extensive work, and the garden is overgrown and unmaintained. Stripped interiors and a budget of £100,000–£200,000 for renovations indicate that this is a full-gut project rather than a simple refresh. Despite these challenges, the potential for significant improvement and personalization makes this a compelling opportunity for the right buyer.

Key opportunities

  • The layout allows for reconfiguration to suit modern living, including the potential for extensions, subject to planning.
  • The generous garden space offers opportunities for landscaping and outdoor entertaining.
  • Being a period property, it has character features that can be restored or enhanced during the renovation.

Key risks

  • Stripped interiors and a £100,000–£200,000 works budget make this a full-gut programme, not a refresh.
  • Visible damage and disrepair throughout the living areas and bedrooms indicate significant work is needed.
  • The overall condition raises concerns about damp and structural integrity in various spaces.

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Map

Location

Penrose Street, London
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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
£2,456
Based on a loan of £487,500 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.

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