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See how verdicts workStudio flat · SE20 8DR
Listing removedReduced £10k (−5.6%) on 21 JunListed 186 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** Guide Price £180,000-£200,000 *** Set within an attractive period building is this top floor studio flat overlooking Crystal Palace Park.
Benefitting from modern kitchen and bathroom, long lease, total floor area 26sqm, communal garden, separated bedroom area and being sold with no onward chain.
Opposite Crystal Palace Park and within walking distance of Penge West station and Penge high street.
Key terms Attractive period building Top floor Total floor area 26sqm Modern kitchen and bathroom Communal garden Long lease No chain Opposite Crystal Palace Park Well located for Penge West station and Penge high street Communal Entrance Glazed communal entrance door, carpet, stairs to top floor.
Lounge/Bedroom Lounge: Wooden entrance door, double glazed sash windows to rear, wall mounted electric heater, entry phone, laminate flooring, entrance to kitchen.
Bedroom area: Raised bed with storage under, laminate flooring.
Kitchen Double glazed sash window to rear, range of white high gloss wall and base units with work surface over, one bowl stainless steel sink unit with mixer tap, oven, hob and extractor fan to remain, plumbing for washing machine, space for fridge, tiled splash back, tiled flooring, storage cupboard.
Bathroom Three piece bathroom suite comprising of: Panelled bath with mixer tap and shower attachment, pedestal wash hand basin with mixer tap, low level wc, eletric heated towel rail, vinyl flooring, part tiled walls, extractor fan.
Communal Garden Mainly laid to lawn.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
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
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FAQ
About Flat 8, 56, Thicket Road, London
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