Summary - Parrish Lane, SE20 SE20 7JP
5 bed 2 bath Block of Apartments
Rare mixed-use site near stations with immediate income and upgrade potential.
Corner freehold plot with mixed-use commercial and two flats
This prominent corner freehold on Parrish Lane presents a clear development and investment opportunity in a busy Penge location. The mixed-use building extends to just over 2,000 sqft and currently comprises two ground-floor commercial units plus a two-bedroom and a three-bedroom flat above. Its size, corner plot and proximity to Kent House and Clock House stations make the site attractive for refurbishment, rental reconfiguration or redevelopment subject to planning (STPP).
Practical positives include a rear garden with scope for enhancement, existing advertising billboards generating £2,500pa, double glazing installed post-2002 and mains gas central heating. The building dates from c.1900–1929 with solid brick walls; this gives period character but also means insulation upgrades will likely be needed. The area is well served for shops, cafés, schools and green space, and benefits from fast broadband and excellent mobile signal.
Buyers should allow for refurbishment and possible planning costs. Internal commercial areas are basic — low ceilings, fluorescent lighting and tiled floors — and the residential accommodation will require updating to maximise value. There are no reported flood risks; crime levels are average. This is best suited to developers or investors seeking a near-central commuter location with immediate rental income and medium-term redevelopment potential.
Mixed use property for sale in 80 & 82 High Street, Penge, London, SE20 — £1,600,000 • 1 bed • 1 bath • 5476 ft²
3 bedroom terraced house for sale in Parish Lane, London, SE20 — £535,000 • 3 bed • 2 bath • 969 ft²
Mixed use property for sale in 80 & 82 High Street, Penge, London, SE20 — £1,600,000 • 1 bed • 1 bath
Garage for sale in 191 Maple road, Penge, London, SE20 — £400,000 • 1 bed • 1 bath • 1259 ft²
3 bedroom flat for sale in Howard Road, London, SE20 — £550,000 • 3 bed • 1 bath • 1161 ft²
3 bedroom end of terrace house for sale in Parish Lane, London, SE20 — £535,000 • 3 bed • 2 bath • 1020 ft²
