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86 High Street, Penge, London, SE20 7HB - Image 1
86 High Street, Penge, London, SE20 7HB - Image 2
86 High Street, Penge, London, SE20 7HB - Image 3

86 High Street, Penge, London, SE20 7HB

London

£500,000

Listed on 03/11/2026

The listing

Property details

Bedrooms
N/A
Type
Residential Development
Area
1421 sqft

Description

A freehold mixed-use property on Penge High Street, currently arranged as a ground-floor retail unit with a two-bedroom maisonette across the first and second floors. The total stated floor area is 1,421 sq ft, comprising approximately 581 sq ft of retail space and 840 sq ft of residential accommodation. The property is vacant and is offered with full vacant possession. A rear yard is included; the listing notes that an outbuilding previously stood there. The building is presented as a refurbishment or development opportunity, with potential for additional massing subject to planning. Previous planning applications have been made, and prospective purchasers should make their own enquiries into the planning history and feasibility. Penge East and Penge West stations are stated to be around a 5–8 minute walk away, with bus services and local shops and amenities nearby. The freehold is not elected for VAT. Offers are invited in excess of £500,000.

WHOTS analysis

Our WHOTS verdict

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

54out of 100
Grade DWeak opportunity

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.

Key opportunities

  • The vacant freehold gives a purchaser control of both the ground-floor retail space and the maisonette above, creating scope to improve the existing mixed-use arrangement.
  • The rear yard can be cleared and reworked, while the High Street frontage offers a distinctive setting for the ground-floor space.
  • The listing identifies potential for additional massing, subject to planning feasibility and review of the planning history.

Key risks

  • The visible ground-floor space is unfinished and the yard is debris-strewn, with a deteriorated overhead frame — plan for a substantial programme across the property, not a cosmetic refresh.

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Map

Location

86 High Street, Penge, London, SE20 7HB
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Transport

Nearest stations

  • 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

Mortgage calculator

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

£
£
£
%
%
years

Current average 2-year fixed rate is 5.13%

Current average variable rate is 6.58%

Monthly Repayments
£2,043
Based on a loan of £375,000 over 30 years at 5.13% 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.

Tax

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Indicative tax based on the asking price and the options you select.

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