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See how verdicts workHouse · SE9 1DH
Listing removedListed 66 daysAuction 10 Sep · ended
Opportunity summary
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About
For sale by auction 10th September 2026 at 12:00 £35,000 - £40,000 Freehold vacant former tramshed - potential for alternative uses Location & Description A locally listed, single storey, gable-fronted building, historically used as a tram shelter and currently as a public convenience.
Occupying a prominent position on the A208 Well Hall Road, adjacent to the Eltham Parish Church, close to the junction with the A210 Eltham High Street where there are a number of multiple retailers and about mile from Eltham railway station.
Eltham lies about 9 miles from Central London.
Accommodation Gross External Area (gea): 334 sq ft (31 sq m) Tenure Freehold Note Auction Surveyor: Robert Woolfe Contact: Offered vacant with potential for alternative uses (subject to obtaining all necessary consents)
Value & comps
No previous sales on record.
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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 starting price
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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 Unit 3, Former Eltham Tramsheds, Well Hall Road, Eltham
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