Victorian conversion with new lease — refurbishment opportunity near Penge stations..
One-bedroom Victorian conversion, approx. 523 sq ft
New 125-year lease to be granted on completion
Requires full modernisation throughout (kitchen, bathroom, finishes)
Double glazed; EPC B
Mains gas boiler and radiators (not tested)
Service charge approximately £2,563 per year
No onward chain; good transport links to central London
No private outdoor space; solid brick walls assumed, no insulation
A one-bedroom Victorian conversion flat on Penge High Street, offered with no onward chain and a newly granted 125-year lease on completion. The apartment measures approximately 523 sq ft and benefits from double glazing and an EPC rating of B, making it a solid canvas for a buyer seeking value in an established, well-connected area.
The accommodation requires full modernisation throughout — kitchens, bathroom and decorative finishes will need updating. Heating is mains gas with a boiler and radiators (not tested) and the building is assumed to have solid brick walls with no fitted insulation, so energy and improvement works should be factored into budgets. Service charge is approximately £2,563 per year.
Location is a key strength: minutes from Penge East and Penge West stations and close to local shops, cafes and bus links, with Crystal Palace Park nearby for green space. The flat sits within an inner-city, cosmopolitan neighbourhood popular with tech workers and city commuters.
Suitable for first-time buyers or investors prepared to refurbish, this property offers refurbishment potential and a new lease, but carries clear costs and works to bring it to modern standards. Buyers should allow for renovation, possible heating checks, and the annual service charge when calculating overall expenditure.