Summary - 216 Selhurst Road,South Norwood,LONDON,SE25 6XU SE25 6XU
1 bed 1 bath Retail Property (high street)
Cash-flowing Victorian freehold with STPP development upside near station.
- Freehold Victorian mixed-use building on Selhurst Road arterial route
- Two ground-floor retail units and two let one-bedroom flats
- Total passing rent £39,536.96 with scope for rental uplift
- Potential basement conversion and rear build, STPP (planning required)
- Close to Norwood Junction station (approx. 150m), high footfall
- Rear yard neglected; external paint and fencing need repair
- Area has very high crime and is relatively deprived
- Broadband very slow; likely capital required for modernisation
A prominent Victorian mixed-use freehold on Selhurst Road, offered with all ground-floor retail units and two one-bedroom flats let to provide immediate income. The current total passing rent is £39,536.96 with clear scope for rental uplift and income growth once leases are reviewed or units refurbished.
Location is a strong commercial advantage: the building sits on a busy arterial route close to Norwood Junction station (approx. 150m), delivering high footfall and excellent public transport links into central London. There is advertised development potential — basement conversion and rear infill are possible, subject to planning permission (STPP) — which makes the asset attractive to investors seeking value-add or light development opportunities.
Buyers should note material drawbacks plainly. The area records very high crime levels and overall local deprivation; broadband speeds are very slow. The rear yard and some external finishes appear neglected and will require maintenance or refurbishment. Any basement conversion or rear extension will need planning approval and associated capital expenditure.
This is a straightforward, cash-flowing freehold suited to an investor comfortable operating in a busy inner-city location. Strong transport links, let income, and structural development potential give clear upside, offset by local socio-economic challenges and short-term maintenance needs.
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