2-bedroom flat · SE9 2TA
For saleReduced £35k (−17.5%) on 21 JunListed 287 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** guide price £200,000 - £225,000 - chain free sale *** Cockburn are pleased to present to the market this chain free this two bed ground floor flat, forming part of the ever-popular Southend House retirement complex in Eltham, SE9 (minimum age 55 years).
Offered with a spacious living/dining room, two bedrooms, kitchen and bathroom, the property is surrounded by well tended communal gardens, and benefits from an onsite scheme manager, residents lounge and 24 emergency alarm system.
With residents parking, there is a lift on site and the development is well served by bus routes on Footscray Road providing easy access into both New Eltham and Eltham High Street.
Lease Length 959 Years | Service Charge £3,502.92 Per Annum | Ground Rent £10 Per Annum (approx.)
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
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
FAQ
About Southend House, 141,Flat 18, Footscray Road, London
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