South London Maisonette with Unusual Design Goes to Auction for £425,000
A three-bedroom maisonette in the highly sought-after Lordship Lane area of East Dulwich, South London, is set to be auctioned on March 26, with a guide price of £425,000. However, prospective buyers should note the property's unconventional layout and leasehold status, which present both opportunities and challenges.
Prime Location and Unique Property Features
Located above the Laser Aesthetic Clinic, this maisonette offers a prime position in East Dulwich, just a short walk from the popular Dulwich Park. The property is accessed via a private rear gated entrance leading into a courtyard, providing a sense of seclusion despite its bustling location. Clive Emson auctioneers describe the home as having an 'unconventional' layout spread across the lower ground, ground, first, and second floors, yet it offers 'generous accommodation'.
The interior setup is notably unusual: the three bedrooms are split between the first and second floors, while the sole bathroom is situated on the lower-ground floor. A separate toilet is available on the ground floor. The kitchen, also on the ground floor, shows signs of wear and could benefit from updates, as does the bathroom floor. Despite this, the property does not require immediate major renovations, making it a viable project for those willing to invest some tender loving care.
Leasehold Details and Viewing Opportunities
The maisonette is available for leasehold with vacant possession, with the remainder of a 189-year lease dating from February 13, 1990. It falls under Council Tax Band C. Viewings are scheduled for two slots: Monday, March 16, at noon, and Thursday, March 19, at 11am, allowing interested parties to inspect the property in person before the auction.
Expert Insights and Market Potential
Russell Hawkes, a senior auction appraiser at Clive Emson, highlighted the property's appeal: 'This property is situated in the highly regarded and well-established Lordship Lane in East Dulwich. It has a wide range of independent shops, cafes, restaurants, and amenities and is within easy reach of Dulwich Park, which is well served by public transport links providing access to central London and surrounding districts.'
He added that the layout, while unconventional, provides spacious living areas and has previously been let, suggesting potential for rental income or alternative uses, subject to obtaining necessary consents. The east-facing garden, though in need of clearing, offers a spacious outdoor area that could be transformed into a pleasant retreat for morning relaxation.
Anticipated interest is high from a variety of bidders, given the property's location and unique characteristics. The auction is part of a larger sale event featuring multiple lots in the South London and north-Kent area, indicating a competitive bidding environment.
Conclusion and Next Steps
This East Dulwich maisonette represents an intriguing opportunity in the South London property market, blending a prime location with a distinctive design that may appeal to investors or buyers seeking a project. With its auction date set for March 26, those interested are encouraged to arrange viewings and prepare for potential bidding wars. Further details on participation can be obtained through Clive Emson auctioneers.
