
London
£500,000
Listed on 03/11/2026
Listed on 03/11/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
At £500,000, this freehold is priced at about £352 per sq ft, well below the local average of £546 per sq ft — a clear acquisition advantage. It combines High Street frontage, a rear yard and a vacant two-storey maisonette above the retail unit, with Penge East and West stations nearby.
The visible retail space is unfinished, and the yard is neglected, with a damaged overhead frame; the upper maisonette interiors are not shown. This is a substantial, mixed-use project rather than a cosmetic refresh, with scope to improve the existing spaces and explore additional massing subject to planning. The low price-per-square-foot is a strong point, but the overall opportunity remains weak because the scale of the work and the available renovation economics limit confidence in the investment case.
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Transport
Penge East Rail Station
0.2 miles
Train · Penge & Sydenham
Penge West Rail Station
0.3 miles
Train · Penge & Sydenham
Kent House Rail Station
0.5 miles
Train · Penge & Sydenham
Anerley Rail Station
0.6 miles
Train · Anerley
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
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.
Tax
Indicative tax based on the asking price and the options you select.
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