Summary - FLAT 7, 122, LOWER ROAD SE16 2UB
1 bed 1 bath Guest House
Freehold conversion project near Canada Water regeneration, strong long-term upside.
Freehold three-storey corner building with strong street frontage
Suitable for HMO or mixed-use conversion, subject to planning
EPC indicator ~46 (relatively energy efficient for age)
Requires significant repair and refurbishment throughout
Electric storage heating; main fuel is electricity (no gas)
Very high local crime and overall area deprivation
Small paved forecourt; minimal external amenity space
Close to Canada Water regeneration, fast broadband, excellent mobile signal
A prominent three-storey brick corner building on Lower Road offering clear redevelopment potential in an improving pocket close to Canada Water. The freehold property currently sits vacant/underused with large shuttered ground-floor openings and two upper levels, making it suitable for conversion to multiple residential units or a mixed-use scheme (subject to planning).
The site benefits from excellent transport links, fast broadband and strong visibility from the pavement; the EPC indicator (score 46) suggests reasonable energy performance compared with similar stock. Short-term rental income is achievable while conversion plans are progressed, and the location sits on the edge of a major regeneration area that supports longer-term capital growth.
Important considerations: the building requires repair and refurbishment throughout, has electric storage heating, and occupies a small forecourt with limited external amenity. The neighbourhood records very high crime and is classified as deprived, which will influence lettings profile, finance terms and insurance costs. Prospective buyers should obtain full internal inspection, measured floor area, structural survey and planning advice before committing.
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