2-bedroom flat · SE14 5GA
For saleListed 233 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Smart two bed two bath flat of 824 square feet, owned just once to date, with a long lease, on the fourth floor of a sleek modern-build block.
You are in New Cross/Peckham borderland here (so can enjoy the offerings of both towns), within easy reach of Queens Road Peckham, New Cross Gate and Nunhead stations, and with excellent bus routes at your feet in and out of town from Old Kent Road and Queens Road.
Access is via secure gate and then secure main front door. Take the lift or stairs to your own front door on floor four. On entry you have utility and storage cupboards to your right and left.
These are built-in. Over the hall is your modern internal bathroom with contemporary suite and fittings.
To your right you have your main room with loads of space for your kitchen, dining and and seating areas. Fitted units are a timeless modern style. As throughout, decor is bright and white.
An east-facing covered private balcony is accessed from this room. Morning sun impresses here, as do views over pretty Georgian maisonettes.
The west-wing of the apartment hosts your two double bedrooms. These are both very generous at over 17 feet long, and the principal has a built-in closet and an en suite shower room.
Transport is fab in your locale. Aside from the three mentioned local stations, bus routes are brilliant from both Queens and Old Kent Roads (walk a few minutes for either).
Roll all the way into town, or connect easily with the tube at Elephant & Castle.
New Cross has some nice socialising spots like Corner (cafe with regular 'lates', The Rose Inn, The Earl of Derby and The Old Library.
Thanks to Goldsmiths University you are also close to a smashing contemporary art gallery: Goldsmiths CCA. Two saunas are local to you (on Ilderton Road and OKR).
The area by QRP Station has good spots too - check out Connie's, Peckham Cellars, Beer Rebellion, Eagle Eats and Well & Fed and Blackbird Bakery to name but a handful.
For more close options, Peckham Rye, Nunhead, Camberwell and Deptford are a short walk, bicycle or bus journey away. With Greenwich, Dulwich, Bermondsey and Brockley just a little further.
Telegraph Hill (New Cross's largest Conservation Area) has two lovely parks with skyline views, and a delightful weekly market which runs in the Lower Park every Saturday, Walk there in 15 minutes.
Other larger green spaces within easy reach are Burgess, Southwark and Peckham Rye Parks, and Nunhead Cemetery Nature Reserve.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Pomeroy Street, New Cross, SE14
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