Summary - 29a High Street SE20 7HJ
1 bed 1 bath Flat
Short-lease investment near Crystal Palace Park and two fast rail links.
- 61-year lease remaining; lenders likely to refuse mortgages
- Cash buyers only due to lease length
- 520 sq ft top-floor flat with loft access
- 3-minute walk to Crystal Palace Park
- 4–6 minute walk to Penge West and Penge East stations
- Double glazing and gas central heating installed
- Solid brick pre-1900 building; no assumed wall insulation
- Low ceilings and compact room sizes on the top floor
A compact top-floor one-bedroom flat located on High Street, Penge, offering immediate rental appeal thanks to an excellent transport location and close proximity to Crystal Palace Park. The property benefits from double glazed windows, gas central heating and loft access, making it straightforward to let to professionals seeking quick links into central London.
Important tenure note: the lease has 61 years remaining. Many mortgage lenders will refuse to lend on this term, so the sale is marketed to cash buyers only. Extending the lease will be a material cost and should be factored into any purchase or investment appraisal.
Internally the accommodation is modest in scale (approximately 520 sq ft) with some low ceilings on the upper floor and compact rooms. The building is solid brick and was constructed before 1900; there is no known cavity insulation, so energy improvements are possible but may require structural work. Service charge appears ad-hoc and ground rent is low (£100 pa), while council tax is in a low band (Band A).
This is a straightforward purchase for a cash investor or buyer prepared to fund a lease extension and some energy or cosmetic upgrades. The standout strengths are location and transport links; the principal drawbacks are the short lease, probable mortgage restriction, and potential retrofit costs for insulation and ceiling adjustments.
1 bedroom flat for sale in High Street, Penge, Bromley, SE20 — £240,000 • 1 bed • 1 bath • 495 ft²
1 bedroom apartment for sale in Anerley Park, London, SE20 — £250,000 • 1 bed • 1 bath • 436 ft²
1 bedroom apartment for sale in Versailles Rd, Anerley, SE20 — £325,000 • 1 bed • 1 bath • 465 ft²
2 bedroom flat for sale in Thicket Road, London, SE20 — £325,000 • 2 bed • 1 bath • 474 ft²
1 bedroom flat for sale in Croydon Road, London, SE20 — £200,000 • 1 bed • 1 bath • 352 ft²
1 bedroom apartment for sale in Anerley Road, London, SE20 — £200,000 • 1 bed • 1 bath • 506 ft²
