Summary - Flat D, 82 High Street, Penge, LONDON SE20 7HB
1 bed 1 bath Mixed Use
Immediate rental income with short-term re-letting and refurbishment upside.
Prominent north High Street parade location with strong passing trade
A prominent mixed‑use freehold positioned at the north end of a busy Penge parade, this asset delivers immediate ground‑floor retail income with separated residential accommodation above. Five of the six units are currently let, producing an estimated rental value of £125,700 and offering an investor-ready income stream. One rear commercial unit is vacant, providing short-term re-letting or refurbishment potential.
The building is a Victorian mid‑terrace over 3–4 storeys with mansard/roof level and traditional sash-style windows, presenting period character and typical high‑street proportions. Upper floors comprise multiple self-contained flats arranged over several levels; one retained flat is let on an AST. EPCs are referenced as C for the specified units. There is no visible private garden and outdoor amenity is minimal, consistent with a central high‑street commercial plot.
Location strengths include heavy passing trade, strong local amenity provision and fast broadband/excellent mobile signal, supporting both commercial tenants and residents. The immediate catchment is described as young families and students in an inner‑city cosmopolitan area; several well‑rated schools are within reach. The area is recorded as deprived, which may affect rental tone and re-letting assumptions.
Investor considerations: asking price OIRO £1,600,000 with an ERV of £125,700, five of six units let and one vacant commercial unit for immediate reconfiguration. Tenure details are listed as unknown and should be confirmed. The property suits a buyer seeking stable street‑level retail income with upside from re-letting, refurbishment and active asset management.
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