3-bedroom house · SE20 7PT
For saleReduced £25k (−4.5%) on 15 OctListed 98 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £550,000 - £600,000 Propertyworld is delighted to present this three-bedroom Victorian mid-terrace home, situated on arguably one of SE20's most sought-after and convenient roads.
Just moments from Penge High Street, the property enjoys easy access to an excellent selection of shops, cafés, local amenities and superb transport links, including three mainline stations and numerous bus routes.
Offering spacious and well-proportioned accommodation across two floors, this charming home is flooded with natural light and so much opportunity to create a tailored home.
The welcoming entrance hall leads to an impressive through lounge, featuring a period fireplace, a plantation-shuttered bay window to the front and stunning near full-width plantation-shuttered sliding doors overlooking the rear garden.
Adjacent to the reception room, the fitted kitchen provides ample storage and workspace, with pleasant garden views and direct access outside.
Upstairs are three well-proportioned bedrooms, all benefitting from stylish plantation shutters, together with a contemporary family bathroom finished with a three-piece suite and full-height tiled walls and matching floors.
The rear garden offers a patio area perfect for entertaining, a generous lawn and a second seating area finished with decorative stone chippings, providing a wonderful outdoor space with plenty of potential to personalise.
The large loft also offers excellent scope for conversion, subject to the necessary planning permissions and building regulations.
Offered to the market with no onward chain, this is a fantastic opportunity to acquire a characterful home in the very heart of Penge. This has been a great family home and its so spacious.
The neighbours are lovely and very friendly. The location is so great - perfect access for the Supermarket any day of the week too.
Value & comps
No previous sales on record.
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 asking
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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
FAQ
About 16, Cottingham Road, Penge
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