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See how verdicts work2-bedroom flat · SE8 4LF
Sold STCListed 37 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Chain Free** Superb two-bedroom ground-floor purpose-built flat, offered to the market chain free and presented in excellent condition throughout.
Larger than average for the development, this spacious apartment comprises a generous reception room, a recently installed separate kitchen, two well-proportioned bedrooms and a good-sized three-piece bathroom.
The principal bedroom benefits from a separate dressing area, which could also provide a useful home office space.
Further recent improvements include new heaters, flooring and full redecoration throughout.
Compass House forms part of a pleasant modern development, set back within well-maintained communal grounds and benefiting from residents’ parking.
The property is particularly well positioned for transport, with Elverson Road DLR approximately a five-minute walk away, whilst Lewisham Station and DLR are around eight minutes away.
Lewisham is within Zone 2 and provides fast connections to London Bridge in approximately seven minutes, alongside services to Cannon Street, Waterloo East, Charing Cross and Victoria.
Canary Wharf can also be reached in around 15 minutes via the DLR.
The area continues to benefit from significant regeneration and investment, further enhancing Lewisham’s excellent range of amenities.
Blackheath, the Heath, Greenwich Park and historic Greenwich are all within easy reach, offering an excellent selection of green spaces, cafés, restaurants, shops and cultural attractions.
Greenwich, a unesco World Heritage Site, is also close by and renowned for its historic buildings and attractions.
The O2, river bus services and Greenwich Foot Tunnel are also within easy reach, making this an excellent home for commuters and those looking to enjoy all that South East London has to offer.
Tenure - Leasehold Lease Length - 189 years from 24th June 1998 - Approx 160 years remaining Service Charge - £1,920 P/A Ground Rent - N/A Council Tax Band - C
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
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FAQ
About Flat 8, Compass House,, Armoury Road, London
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