Summary - 5, WASTDALE ROAD, LONDON SE23 1HN
1 bed 1 bath Shop
Vacant freehold with garage and strong reconfiguration potential for investors.
- Freehold mixed-use building, approximately 2,593 sq ft total
- Ground-floor retail unit circa 420 sq ft, vacant possession
- Three-storey residential above with five bedrooms and two bathrooms
- Double garage accessed via front underpass, secure off-street parking
- Victorian features and high ceilings; good natural light potential
- Requires refurbishment and modernisation throughout
- Area classified as deprived with above-average crime rates
- Fast broadband, excellent mobile signal; small rear plot
A substantial Victorian mixed-use freehold in Forest Hill offering clear value for investors or developer-occupiers. The property combines a ground-floor retail unit (circa 420 sq ft) with generous three-storey residential accommodation above, totalling approximately 2,593 sq ft and sold with vacant possession.
Stand-out features include high ceilings, period character, and a rare double garage accessed via a front underpass — useful for secure parking or storage. Fast broadband and excellent mobile signal support modern business or hybrid living, while nearby Blythe Hill Fields and local schools add neighbourhood appeal.
This is a refurbishment opportunity: the building will need updating to modern residential or commercial standards, and parts present typical Victorian maintenance tasks. The local area scores as deprived with above-average crime statistics, which may affect tenant demand and rental yields; buyers should factor in security improvements and a focused letting strategy.
Offered freehold with vacant possession, the property suits investors seeking conversion/upvalue potential, owner-occupiers wanting integrated workspace, or developers able to reconfigure layouts. Practical advantages (large internal area, garage, central location) are balanced by the need for works and local socio-economic considerations.
Residential development for sale in 86 London Road, Lewisham, London, SE23 — £1,450,000 • 1 bed • 1 bath • 3122 ft²
5 bedroom end of terrace house for sale in Carholme Road, London, SE23 — £1,100,000 • 5 bed • 2 bath • 3153 ft²
High street retail property for sale in For Sale Mixed Use, Commercial & Residential, Forest Road, London, E17 — £720,000 • 3 bed • 1 bath • 1002 ft²
5 bedroom detached house for sale in Sunderland Road, Forest Hill, SE23 — £2,150,000 • 5 bed • 3 bath • 3000 ft²
3 bedroom terraced house for sale in Dartmouth Road, Forest Hill, London, SE23 — £950,000 • 3 bed • 2 bath • 1108 ft²
5 bedroom mixed use property for sale in Grove Vale, London, SE22 — £1,350,000 • 5 bed • 4 bath • 4000 ft²
