23, Ely Close, Erith, DA8 2EA

2-bedroom flat · DA8 2EA

635 sq ftEPC C1 bath

Asking

£210,000

For saleReduced £10k (−4.5%) on 17 OctListed 11 days

Chain FreeCharacter

Investor metrics

HMO Article 4 Direction AreaLondon Borough of Bexley Article 4 Direction (2016) · C3 → C4 HMO conversion requires planning permission here

Opportunity summary

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About

The property

What would prove to be an ideal first time buy is this 2 Bedroom ground floor maisonette.

Being sold with no onward chain this property benefits from a private garden and long lease and within convenient distance to Slade green station connecting to Abbey Woods Elizabeth Line .

Key terms Remaining Term: Lease to be extend on completion Service charge: £36.00pcm (to be verified by Vendors solicitor) Ground Rent: £10 per annum (to be verified by Vendors solicitor) Erith & Northumberland Heath are adjacent neighbourhoods enjoying close proximity to Bexley borough’s main thoroughfare, Bexleyheath Broadway.

Firmly residential, Northumberland Heath is a quiet enclave with some charming Victorian properties and a small village-like centre.

Erith is a larger town that has undergone rejuvenation in recent years, with a revamped town centre, a waterfront setting (home to London’s longest pier) and an ambitious house building programme.

Don’t miss the annual Erith Riverside Festival.

Lounge (16' 0" x 10' 9" (4.88m x 3.28m)) Kitchen (9' 6" x 7' 1" (2.9m x 2.16m)) Bathroom (5' 6" x 5' 4" (1.68m x 1.63m)) Bedroom 1 (12' 8" x 9' 9" (3.86m x 2.97m)) Bedroom 2 (7' 3" x 8' 9" (2.2m x 2.67m)) Garden

Chain Free

Character

Key information

Price per Square Foot

£331/sq ft

Based on 635 sq ft (59 sq m)

Floor Area

635 sq ft (59 sq m)

Reception Rooms

Council Tax Band

Band B

Estimated ~£1400/year

EPC Rating

current

Tenure

Leasehold

Property Age

England and Wales: 1950-1966

Local Authority

Bexley London Boro

London Borough

County

Greater London Authority

Value & comps

What is it worth?

No previous sales on record.

Comparable salesNo comps yet

No comparable sales matched this property yet.

Returns

What does it return?

Set an offer; the calculator follows it.

Rent evidence

Rental benchmark

Nearby rental comparables

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Local SA Market

We're still gathering serviced-accommodation data for this area.

Archie refurb estimate: a Pro feature

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Investment Disclaimer

This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.

All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.

Past performance does not guarantee future results. Tax implications vary by individual circumstances.

Mortgage

Deal

Is it a deal?

Archie’s verdict

Archie has scored this property.

Deal score · weighted

Weak signals — move on

Factor breakdown

BMV discountNot calculated, and not zero — there is no value estimate for this property to discount against.

0/25

Yield potential—

0/25

Motivation signalsNot enough data

0/25

Days on market11 days

4/25

—

Seller motivation

Not scored yet

Days on market11

Price reduction-4.5%

STC fall-through—

Back to market—

Agency change—

EPC ratingC

Listing timeline

First listedListed at £220,00008-10-2026

Price reduced£220,000 → £210,000 (-4.5%)17-10-2026

Still activeDay 11 on marketToday

Strategy fit

No strategy scores available yet.

HMO Conversion Potential

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.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

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.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

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.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

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.