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Ravenslea Road, Wandsworth Common, SW12 - Image 1
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Ravenslea Road, Wandsworth Common, SW12

London

£1,800,000

Listed on 10/10/2026

The listing

Property details

Bedrooms
5
Type
End Of Terrace
Area
3138 sqft

Description

Chestertons is pleased to present Ravenslea House, a freehold residential development opportunity located in the desirable Nightingale Triangle, SW12. This property spans approximately 3,138 sq. ft. and comes with planning permission (ref. 2025/3434) for the redevelopment into five apartments. A further planning application (ref. 2026/2701) has been submitted to enhance the approved scheme, proposing five larger and better-configured apartments, including three three-bedroom units. The new owner will benefit from established planning consent and the potential to deliver an improved scheme, pending approval of the application. With an anticipated gross development value ranging from approximately £3.55 million to £4 million, depending on the final scheme, Ravenslea House offers an attractive prospect for developers seeking a residential project in a well-established area of South West London. The property is ideally situated close to the independent shops, cafés, and restaurants of Bellevue Road, as well as the amenities of Balham High Road. Nearby open green spaces include Wandsworth Common, and excellent transport links are available via Wandsworth Common railway station and Balham Underground and railway stations, providing easy access to Central London. Ravenslea House represents a unique opportunity to acquire a freehold development site with planning permission for five apartments, offering a clear path to delivery while allowing for potential enhancements in the design.

WHOTS analysis

Our WHOTS verdict

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

72out of 100
Grade BGood opportunity

Confidence: MEDIUM

Ravenslea House presents an exciting opportunity in the desirable Nightingale Triangle, SW12, with an attractive asking price of £1.8 million, significantly below the local average at £574/sqf compared to £837/sqf. This represents a compelling chance to acquire a property with considerable potential for value enhancement. The listing boasts a stated gross development value (GDV) of approximately £3.55 million to £4 million, suggesting a significant uplift potential for the right buyer, although the renovation budget is currently unspecified, focusing only on the purchase price for now.

The property itself features a good-sized living area and kitchen, alongside a well-maintained bathroom, all of which are in decent condition. However, the garden appears dated, offering a canvas for landscaping improvements. With planning permission already in place for the redevelopment into five apartments, and the possibility to refine the existing plans further, this semi-detached house stands out as a noteworthy project for developers looking to capitalize on the strong demand in this sought-after location.

Key opportunities

  • Significant development potential with existing planning permission for five apartments.
  • Attractive asking price well below local market rates, allowing for potential profit margin.
  • Possibility to enhance the current plans for larger, better-configured apartments.

Key risks

  • Pending planning application for revised scheme may introduce uncertainty.
  • Budget for renovation is not estimated, requiring careful planning.

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Map

Location

Ravenslea Road, Wandsworth Common, SW12
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Finance

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

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£6,800
Based on a loan of £1,350,000 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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