Phelp Street, London
London
£550,000
Listed on 22/10/2026
Listed on 22/10/2026
The listing
Property details
Bedrooms
2Type
TerracedArea
710 sqftFeatures
- Garden
Description
This two-bedroom freehold house is arranged over two floors, with a separate kitchen and reception room. It also has a private south-facing rear garden and a small front garden with space for bicycle storage. The listing describes the accommodation as well-proportioned and notes that neighbouring homes have been extended into the loft to add a bedroom and bathroom; any such work would require its own feasibility checks and approvals.
The property is on a residential road near the shops, cafés and restaurants around Walworth Road and Elephant & Castle. The area has transport connections to the City, the West End and other parts of London. The listing states an EPC rating of C and Southwark Council Tax Band C.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
56out of 100
Grade DWeak opportunity
Confidence: MEDIUM
This is a tidy, usable two-bedroom house with a good reception room, a fireplace feature and both front and private south-facing rear gardens. The kitchen and bathroom finishes are dated, and some wall surfaces show wear, giving a buyer a manageable cosmetic refresh rather than a major overhaul; the weathered decking is also usable and could be improved.
Key opportunities
- Refresh the dated kitchen and bathroom finishes as a light cosmetic project.
- Make the most of the private south-facing garden, with scope to maintain or refresh its decked seating area.
- Explore the stated loft-extension potential, subject to establishing feasibility.
Key risks
None recorded.
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Finance
Mortgage calculator
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
£2,078
Based on a loan of £412,500 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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