2-bedroom terraced house · SE20 7UF
Under offerListed 39 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on a sought-after residential road, this stunning two-bedroom end-of-terrace house offers spacious accommodation, plenty of character, an exceptional approximately 200ft rear garden, and genuine potential for further improvement and development.
The ground floor features a bright front reception room with a bay window and period-style detailing, a separate second reception/dining room with exposed timber flooring, and an extended kitchen/diner fitted with integrated appliances and opening directly onto the garden.
Upstairs are two generous double bedrooms and a family bathroom.
The property also benefits from a large finished loft space, providing ample storage or excellent potential for use as an additional hobby room or versatile home-working space.
The real highlight is the approximately 200ft rear garden.
Private and well established, it features mature trees, colourful planting, shrubs and a pond, creating a peaceful outdoor space ideal for relaxing, entertaining and keen gardeners.
There is also a garage to the side, providing valuable storage and potential for further development or extension, subject to the necessary planning permissions and consents.
The property has previously benefited from planning permission for an L-shaped dormer loft extension, comprising a principal bedroom with en-suite shower room and an additional box room suitable for use as a home office.
Further planning permission was also previously granted for a circa 51m2 garden studio/home office, complete with kitchenette and shower room. Drawings are available upon request.
Families are particularly well catered for, with an outstanding rated primary school nearby and a wide choice of nurseries in the surrounding area, including a highly rated nursery located on Stembridge Road itself.
The property is also ideally positioned for commuters, with four transport stations within close proximity.
Norwood Junction provides fast services to London Bridge, Elmers End offers direct trains to Charing Cross and Waterloo East, Anerley provides London Overground connections, while Birkbeck offers both Tramlink and Southern Railway services.
The property is chain free and freehold, with an EPC rating of D, a combi gas boiler central heating system and double-glazed windows throughout.
Conveniently located for the amenities of Penge, Anerley and Crystal Palace, this is a rare opportunity to acquire a characterful home offering generous living accommodation, an outstanding garden, excellent transport connections and significant potential to extend and enhance.
Early viewing is highly recommended to fully appreciate the space, garden and future possibilities this property has to offer.
Directions Stembridge Road is a turning off Croydon Road with convenience shops including a co-op closely.
High street shopping can be found in neighbouring areas including Penge & South Norwood with good transport links including Birkbeck train station with services to London.
The local area is well stocked with schools for all ages and churches for all denominations. Transport Birkbeck (Approx. 0.4 miles) Anerley (Approx. 0.6 miles) Elmers End (Approx. 0.9 miles)
Value & comps
No previous sales on record.
Returns
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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 24, Stembridge Road, London
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