Lavender Hill, SW11
London
£575,000
Listed on 15/10/2026
Listed on 15/10/2026
The listing
Property details
Bedrooms
3Type
Residential DevelopmentArea
992 sqftDescription
Noble Estates is marketing a three-bedroom leasehold flat arranged over the first and second floors of a mixed-use building, with approximately 992 sq ft of accommodation. It is currently let and will be sold with vacant possession. The lease dates from 2014, with stated annual ground rent of £400 and service charge of approximately £2,200, including building insurance. The price is to be confirmed.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
56out of 100
Grade DWeak opportunity
Confidence: LOW
At £575,000, the asking price is around 38% below the local average per square foot, making this a notably cheap entry point by that measure. The standout value-add is the stated full planning permission for a mansard extension and conversion into three one-bedroom flats, alongside an executed Licence for Alterations and lease documents that could support the scheme, subject to verification. The listing says the property will be sold with vacant possession.
The overall score is still weak: the available information does not establish the renovation economics, and the submitted images do not show the property's physical condition. This is therefore a distinctive consent-led opportunity, but one where buyers will need to verify the planning and lease arrangements and assess the building and project costs for themselves.
Key opportunities
- Full planning permission is stated to be in place for a mansard extension and conversion into three self-contained one-bedroom flats.
- The executed Licence for Alterations and Deed of Variation may help enable the proposed scheme, with the listing stating three new 125-year leases can replace the existing lease for £8,000, subject to verification.
- The £575,000 asking price is substantially below the local average per square foot, offering a comparatively low entry point.
Key risks
- Project economics remain unestablished, so the conversion costs and potential returns need to be tested before proceeding.
- The submitted images do not show the property's physical condition; inspect the building and establish the scope of works.
- Verify the planning consent, Licence for Alterations, lease replacement arrangements, and ongoing service charge and ground rent obligations.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£2,172
Based on a loan of £431,250 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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