2-bedroom flat · E16 2SR
For saleListed 156 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are pleased to offer for sale this top floor apartment boasting an extensive living room with vaulted ceilings and a secluded balcony offering breath taking river views.
Internally the property comprises of a spacious entrance hall which is large enough to be used as a sitting area or study.
This leads to an impressive open plan living room and fitted kitchen with enclosed balcony, a large master bedroom with en-suite bathroom, a further double bedroom and an additional shower room.
Located on a sought after waterfront development benefitting from lift access, allocated secure underground parking with the option to park a second car unallocated, 24 hour security/estate office and well maintained communal grounds with various benches overlooking the River Thames.
The development is situated within walking distance of both Galleons Reach and King George V DLR Stations with convenient links to the Elizabeth Line.
Sold with an extended lease of 173 years and located in an EWS1 A1 rated development. Sold chain free.
Spencer James Residential is an independent estate agency established in 2002 specialising in all aspects of residential lettings, sales and property management.
We are serious about the pivotal role we play between our landlords and tenants; buyers and sellers.
Our clients are assured in the knowledge that we work under an approved code of practice, due to our memberships with recognised industry bodies including: The Association of Residential Lettings Agents (ARLA); the National Association of Estate Agents (NAEA); and the Property Ombudsman (Sales and Lettings).
Open Plan Living Room Vaulted ceiling. Double glazed tilt and turn doors to balcony, engineered wood flooring, wall mounted heater.
Kitchen Fitted with a range of eye and base level units incorporating a stainless steel sink and mixer tap, integrated oven, hob and extractor. Freestanding fridge freezer and washing machine.
Tiled flooring. Entrance Hall Cupboard housing hot water tank, laminate wood effect flooring, wall mounted heater.
Bedroom One Double glazed window to side aspect, wall mounted heater, laminate wood effect flooring.
En-Suite Bathroom Three piece suite comprising a double width shower cubicle, low level wc and pedestal hand wash basin. Tiled Flooring.
Bedroom Two Double glazed window to side aspect, wall mounted heater, laminate wood effect flooring.
Shower Room Three piece suite comprising a corner shower cubicle, low level wc and pedestal hand wash basin. Tiled flooring.
Balcony Balcony with river views Parking Secure allocated underground parking, unallocated parking for second car Double Glazing Lease Details Service Charge - £3,410 per annum (includes water bill) Ground Rent - £1 per annum (if demanded) Lease Remaining - 173 Years
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 66, Sheerness Mews, London
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