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See how verdicts workHouse · SE9 4PH
For saleListed 436 days
Opportunity summary
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About
Strapline Auction Sale - 02/09/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website.
- Development Opportunity A freehold site approximately 0.112 acres, comprising 16 single lock-up garages and a small sub-station, a indicative scheme has been prepared proposing the construction of 3 x 4B7P houses subject to the requisite consents, well located for the shopping and recreational amenities of Bromley.
Vacant. Description A freehold site approximately 0.112 acres, comprising 16 single lock-up garages and a small sub-station.
The site is served by a rectangular concrete area of hardstanding (which sits between the two terraces of garages).
An electricity substation lease is registered against the property (title number EGL607056), dated 18 February 1970.
Although the lease formally expired on 23 December 2023, it continues under the statutory provisions until terminated by either party. The current passing rent is £1 per annum.
We understand that there is an option to serve a Section 25 notice to formally terminate the existing lease and either propose terms for a new lease or negotiate relocation of the substation.
Location Mottingham is located in Bromley, south-east London, within the London Borough of Lewisham. Located on Aldersgrove Avenue, accessed off Lambscroft Avenue.
The property is surrounded by a variety of recreational amenities including Mottingham Playing Fields and nearby parks.
Residents benefit from good local schools, convenience stores, and a selection of cafes and restaurants within easy reach.
Additionally, the area has easy access to several leisure facilities, supermarkets, and local shops. Road links via the A20. Transport Mottingham - National Rail.
Planning The site has no relevant planning history, however, a positive pre-application response was received supporting residential development.
An indicative scheme was prepared to for the construction of 3 x 4B7P houses. Each house will benefit from a private amenity space. The total proposed nsa is approximately 402 sqm (4,326 sqft).
Please note that all the relevant information relating to the proposed scheme and the pre application is in the data room.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About Garages between 45 & 47 Aldersgrove Avenue, Bromley
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