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Covington Way, London SW16 - Image 1
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Covington Way, London SW16

London

£600,000
Listed on 27/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
959 sqft

Description

Situated in a peaceful cul-de-sac, this appealing terraced home presents a valuable opportunity for first-time buyers or families seeking to make their mark. With ample potential for improvements subject to planning permission, this property is ideally located between Norbury and Crystal Palace, providing easy access to essential amenities, well-regarded schools, and efficient transport connections. The interior features a functional layout with an inviting entrance hall that leads into a bright living room designed for everyday comfort. Adjacent to the living space is a dining area perfect for family gatherings, while the kitchen is equipped with modern cabinetry and generous work surfaces, accommodating the demands of active households. Upstairs, the home boasts three well-sized bedrooms capable of serving various functions—ideal for family members, guests, or even creating a home office. The principal bedroom can easily house a king-size bed, complemented by additional versatile rooms. The upper level is finished off with a contemporary bathroom featuring modern amenities. Storage is plentiful throughout the property with built-in cupboards and loft access available. Notably, there is considerable potential for expansion (subject to planning permission), allowing prospective buyers to tailor the space to their evolving needs. The setting is particularly attractive for families given its proximity to four esteemed schools within half a mile. Norbury Station lies just 0.8 miles away facilitating quick links into central London while both Norbury and Crystal Palace offer an array of shops, cafés, and recreational options. Green spaces like Biggin Wood, Streatham Common, and The Rookery are nearby providing excellent outdoor leisure opportunities. This property can be acquired chain-free, merging immediate livability with significant long-term prospects.

Investment Analysis

(SW16 area)

Above Market Value

This property is priced +9.0% above area average per sq ft

+9.0%
This Property
£626/sq ft
Area Average
£574/sq ft
Avg Rent (weekly)
£456
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£605,513
10% above area average per sq ft
Potential ROI
-5.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
58
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (SW16)

Area prices are stable by +1.2% over the last 12 months
3 year growth: 1.7%
5 year growth: 5.6%
Investment Disclaimer: Analysis based on SW16 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

Covington Way, London SW16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,198
Based on a loan of £450,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE