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£1,350,000 Guide Price
The Approval
Full planning permission was granted on 27 February 2025 for the demolition of the existing detached house and the construction of a new three-storey building comprising four x two-bedroom duplex apartments.
The scheme has been carefully developed to enhance the character of the Nunhead Green Conservation Area.
The Current Site
The site area is approximately 269 sqm and is currently occupied by a five-bedroom detached dwelling dating from the 1980s, with a driveway and rear garden. The low-quality nature of the current property presents a strong opportunity for redevelopment.
The property is currently occupied by tenants and will be offered with vacant possession
Viewings: All viewings are strictly by appointment only.
Location:
The site is located in the heart of the Nunhead Green Conservation Area, a desirable South London neighbourhood characterised by Victorian housing and strong community identity. Local amenities include a range of independent shops, cafs, bakeries, and the landmark Old Nuns Head public house. The wider Peckham area offers an array of restaurants, bars, galleries, and leisure facilities, while Dulwich and Greenwich are within easy reach.
Public transport links are excellent. Nunhead Station (0.4 miles) provides direct services to London Victoria, Blackfriars, and City Thameslink. Peckham Rye Station (0.7 miles) offers both Overground and National Rail services, connecting to London Bridge, Clapham Junction, Shoreditch High Street, and Canary Wharf.
Multiple bus routes further enhance connectivity across South and Central London, making the location highly accessible.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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