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High Street, London SE20

London

£450,000
Listed on 21/01/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
797 sqft

Description

This two-bedroom Almshouse-style cottage, a Grade II listed property, presents a distinctive renovation opportunity in central Penge. Steeped in history and featuring original architectural elements, the residence offers ample scope for modernization. Although it requires extensive refurbishment to reach contemporary standards, the home's character and unique Gothic-style design provide a solid foundation for creating a bespoke living space tailored to your preferences. Situated in historic Watermans Square—originally built in the 1840s for members of the Watermen and Lightermen's Company—this property merges rich heritage with modern-day convenience, being just a short stroll from local transport links and amenities. With no onward chain, this is an exciting project for any investor or homeowner looking to add value through thoughtful renovations.

Investment Analysis

(SE20 area)

Above Market Value

This property is priced +4.5% above area average per sq ft

+4.5%
This Property
£565/sq ft
Area Average
£540/sq ft
Avg Rent (weekly)
£381
Avg Yield
5.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£473,681
10% above area average per sq ft
Potential ROI
-12.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (SE20)

Area prices are rising by +4.8% over the last 12 months
3 year growth: +9.0%
5 year growth: +9.9%
Investment Disclaimer: Analysis based on SE20 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

High Street, London SE20
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 over 30 years at 4.06% 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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