Ethnard Road, London
London
£490,000Guide Price
Listed on 30/10/2026
Listed on 30/10/2026
The listing
Property details
Bedrooms
2Type
Block Of ApartmentsFeatures
- Garden
Description
Offered at auction on 17 November 2026, this freehold mid-terrace building is arranged as two self-contained one-bedroom flats and will be sold with vacant possession. The ground-floor flat is described as having a reception room, kitchen/diner, former bathroom and patio garden. The first-floor flat has a reception room, kitchen/diner, former bathroom/WC and access to the loft. The listing gives approximate areas of 53 sq m and 55 sq m respectively, with EPC ratings of C for both units.
The property requires updating, and the listing identifies possible rear or loft/mansard conversion potential, subject to the necessary consents. Queens Road Peckham station, local bus services, shops, bars, restaurants and nearby parks are noted as being within the surrounding area. Buyers should review the auction legal documentation and any additional sale fees, and verify the condition, measurements, services and development feasibility independently.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
29out of 100
Grade ELow opportunity
Confidence: MEDIUM
This freehold terrace is arranged as two self-contained flats, giving the project a distinctive starting point: a buyer can rethink and renew both units, with the listing also mentioning possible rear or loft conversion subject to consents. The photographed interiors are visibly worn, including patchy finishes and tired flooring, while the kitchen and bathroom areas show clear deterioration; the visible frontage and roof coverings appear broadly intact.
Renovation economics weigh on the grade because the asking price is only one line of the budget; a mid-to-substantial works programme leaves limited headroom versus local benchmarks, leaving a gap of around 31% versus area norms for this sqft. The economics score captures that squeeze; finished resale value is outside our model.
Key opportunities
- Rework and refresh both self-contained flats, creating a coherent finish across the freehold building.
- The worn kitchen and bathroom areas, flooring and wall finishes provide scope for a substantial interior transformation.
- Explore the listing’s suggested rear or loft/mansard conversion possibilities, subject to feasibility and consents.
Key risks
- Two flats with worn finishes and deteriorated service areas make this a substantial, multi-part programme rather than a cosmetic refresh; allow for careful sequencing and a longer delivery period.
- At the asking price, the purchase plus a mid-to-substantial works programme leaves costs stretched against local benchmarks for this floor area, before fees or other purchase costs.
- Budget carefully — economics look thin after allowing for the asking price and a non-cosmetic works programme — roughly 31% above what comparable floor area achieves locally in current condition. Finished value after works is not modelled here.
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Transport
Nearest stations
South Bermondsey Rail Station
0.6 miles
Train · Bermondsey
Queens Road Peckham Rail Station
0.7 miles
Train · Peckham
Peckham Rye Rail Station
0.9 miles
Train · Peckham
Surrey Quays Rail Station
1.1 miles
Train · Surrey Quays
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
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
£1,851
Based on a loan of £367,500 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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