Flat D, Milkwood Road, Lambeth, London

Mixed-Use Investment: Ground Floor Hairdressing Salon & Basement Flat, Both Let, Prime SE24 Location, including a 1-bedroom flat near Brockwell Park, 7-Min Walk to Herne Hill Station, Guide Price £200,000+
Headlines:
Rare opportunity to acquire a fully let, mixed-use property in the heart of Herne Hill, offering immediate income of £25,740 per annum and exceptional transport, schooling, and lifestyle amenities. The combination of a flat—one bedroom and located near Brockwell Park—gives this property extraordinary appeal in the current market.
🏛️ Auction Details
Palace Auctions London Date: Wednesday 23rd September 2026 Time: 12 noon Venue: St James Room, Claridge’s, Brook Street, London W1K 4HR Lot Number: 6 Guide Price: £200,000+ Viewings: By appointment only
Feature Details
Address 22D Milkwood Rd, Herne Hill, London SE24 0HH
Tenure Leasehold (999 years from 1 Jan 2009)
Current Income £25,740 per annum (Salon: £850pcm, Flat: £1,295pcm)
Guide Price £200,000+
Nearest Station Herne Hill (7–9 min walk, Victoria in 12 mins)
Local Highlights Brockwell Park, Outstanding Schools, Vibrant Amenities
Title Number see Legal pack
Auction Link Bid live and online for Lot 6

The Location
Located on Milkwood Road in the heart of Herne Hill SE24, this property is just a 7–9 minute walk from Herne Hill Station, offering direct trains to London Victoria (12 mins), Blackfriars, and St Pancras. Brixton Underground (Victoria Line) is easily accessible by bus or cycle, providing fast connections to central London. Notably, Brockwell Park is on your doorstep, and those seeking a 1-bedroom flat near this iconic green space will love the lifestyle offered here. The area is renowned for its independent shops, cafés, and restaurants, with Brockwell Park and Lido just moments away for leisure and relaxation.
🏠 The Property
22D Milkwood Road comprises a ground floor hairdressing salon and a self-contained basement flat, both currently let and producing a combined income of £25,740 per annum. The ground floor salon is let at £850 per month, while the basement flat achieves £1,295 per month. Importantly, there is a 1-bedroom flat available near Brockwell Park, making this a rare and desirable offering. The property is held on a 999-year lease from 1 January 2009, offering long-term security for investors.
💼 Investment Highlights
Immediate Income: Both units are let, providing stable rental returns from day one.
Mixed-Use Appeal: Flexible configuration with commercial and residential elements. Investing here secures not just a business but also a sought-after 1 bedroom flat close to beautiful Brockwell Park.
Strong Yields: Gross yield of over 12% at guide price, outperforming typical SE24 averages.
Prime Zone 2 Location: High rental demand from professionals and families.
Potential for Future Uplift: Herne Hill is a sought-after neighbourhood with ongoing regeneration and rising capital values.

Schools & Amenities
Families are drawn to Herne Hill for its outstanding schools, including Jessop Primary (Ofsted: Outstanding), St Jude’s C of E (Good), and The Charter School (Outstanding). The area boasts a vibrant community, weekly Herne Hill Market, and a thriving food and arts scene. For those looking for a one-bedroom flat near the parks, Brockwell Park offers 125 acres of green space, sports facilities, and the iconic Brockwell Lido.

Legal & Title Particulars
Title Number: TGL327106 (Land Registry)
Tenure: Leasehold, 999 years from 1 January 2009 (commenced 15 June 2009)
Registered Proprietor: Alibhai Ventures (UK) Limited
Registered Charge: Charge dated 7 November 2025 in favour of London Credit Ltd
Property Description: Ground floor and basement (including staircase), as per title plan
Legal Easements: As referred to in clause LR11.1 of the registered lease
Landlord’s Title: Registered

Why Invest Here?
Herne Hill is a vibrant, affluent Zone 2 neighbourhood with excellent transport, outstanding schools, and a strong sense of community. With the unique benefit of a 1 bedroom flat situated in close proximity to Brockwell Park, plus immediate income and long leasehold security, this lot is ideal for investors seeking a high-yield, low-maintenance addition to their portfolio. Arrange your viewing today and secure a prime mixed-use investment in one of South London’s most desirable neighbourhoods. For legal pack, viewings, and further information contact Palace Auctions London.

Auction Venue: On the 23rd Spertmber at 1;00pm at Claridge's Hotel, Mayfair, London W1K 4HR.