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5 bed detached house
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Price History
Our Summary
- Development opportunity
- Guide Price £825,000 Situated on a prominent corner plot in the heart of Penge, Parish Lane presents a rare and exciting development opportunity (STPP)
- Previous planning permission was granted for a two-storey rear extension to create four two-bedroom flats with three parking spaces; however, this permission has now lapsed
- With its mixed-use configuration and prime location, the property offers excellent potential for redevelopment, refurbishment, or continued investment
- To the rear of the property is a garden area that could be enhanced for residential use or future development potential, subject to the necessary consents
- The combination of size, location and supplementary income makes this an appealing proposition for developers, investors or owner-occupiers seeking to maximise value
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Description
The property spans just over 2,000 sqft and consists of a mix of commercial and residential spaces, featuring two commercial premises on the ground floor, a spacious two-bedroom flat, and a generous three-bedroom flat on the upper floors. The property has a garden space to the rear, and also benefits from two large advertising billboards that generate an annual income of £2,500. The site has previously been granted planning permission for a two-storey rear extension to create four two-bedroom flats.
The building is situated on a prominent corner plot in the heart of Penge, with good visibility and convenience, near local shops and Kent House station.