Large freehold building with conversion potential near Woolwich transport links.
Freehold Victorian building over three floors
Large overall size — approx. 1,939 sq ft
Ground-floor retail with strong street frontage
Two-bedroom split-level flat above; one bathroom
Rear private yard; potential for double-storey rear extension (STPP)
Double glazing and gas central heating installed
Solid brick walls likely uninsulated — retrofit costs expected
High local crime and area deprivation may affect lettings
This freehold Victorian corner building offers a rare redevelopment opportunity close to Woolwich transport links. Arranged over three floors, it combines a ground-floor retail unit with a large two-bedroom flat above, totalling about 1,939 sq ft and presenting scope to create multiple self-contained homes (subject to planning).
The property is structurally traditional — solid brick walls and high ceilings that retain character — and comes with practical upgrades such as double glazing and gas central heating. A private rear yard and strong street frontage give flexibility for residential conversion or continued commercial use. Proximity to the Elizabeth Line, DLR and local amenities makes the location commercially attractive to renters and buyers.
Key considerations are straightforward and relate to location and retrofit costs. The building sits in a high-crime, deprived area, which can affect lettings and resale values and should be factored into rental assumptions. The walls are assumed to be uninsulated solid brick, so thermal upgrades and party-wall works are likely if converting or improving energy performance. Any extension or change of use will require planning consent.
For investors or small-scale developers prepared to manage planning and retrofit work, this property offers clear upward potential: convert the retail unit to residential, add a two-storey rear extension (STPP), or reconfigure the upper floors to increase rental yield. The building’s size, location and freehold status make it a candidate for value-add refurbishment rather than a turnkey buy.
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