Auction sale near New Cross with scope for residential redevelopment potential.
Freehold parcel to front of residential plot with garden space
Sold by auction — undisclosed reserve and starting bid apply
Buyer pays non-refundable reservation fee (4.5% of price, min £6,000)
56-day completion window after draft contract is issued
No recorded planning consent; enquiries to Lewisham Planning required
Buyer Information Pack provided; bidders must verify ID and funding
Area has good amenities and schools but is locally deprived
Above-average crime levels; factor into development and lettability assumptions
A compact freehold parcel located to the front of a residential plot in New Cross, offered via the Modern Method of Auction. The site is chain-free and described as a ‘decent’ sized plot with a garden, providing straightforward redevelopment or extension potential subject to planning approval from the London Borough of Lewisham.
This sale is aimed at buyers comfortable with auction purchase mechanics: an unconditional sale, a non-refundable reservation fee (4.5% of price including VAT, minimum £6,000), a £300 pack fee, and a 56-day completion period after contract. The property is subject to an undisclosed reserve and starting bid, and buyer information will be shared with the auctioneer; bidders must complete ID and funding verification.
Do your own due diligence before bidding. There are no specific planning consents recorded in the paperwork provided; interested parties should contact Lewisham Planning to confirm permissible uses. The buyer pack may not contain every material detail, so surveys and enquiries are recommended.
Location offers practical strengths and some challenges. New Cross has good local amenities, excellent mobile coverage and multiple well-rated schools nearby, which supports residential demand. However, the area is classified as deprived with above-average crime statistics — factors to weigh when assessing use and exit strategy.
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