2-bedroom house · SE20 8NY
For saleReduced £25k (−5%) on 15 JulListed 173 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** Guide Price £500,000-£525,000 *** Attractive semi-detached cottage built circa 1839 and thoughtfully refurbished throughout to a high standard.
Originally constructed as the lock-keepers cottage until the canal closed at which point it became the station masters house.
Benefitting from two good sized bedrooms, re-fitted kitchen and bathroom, private courtyard, private secluded garden, freehold and being sold with no onward chain.
Moments from Penge East and Penge West station, Crystal Palace Park and Penge high street, making it ideal for commuters.
Key terms Built circa 1839 Attractive end of terrace railway cottage Private rear garden Private courtyard Double glazing Refurbished throughout Two good sized bedrooms No chain Situated next to Penge West station Well located for Crystal Palace Park and Penge high street Lounge Wooden entrance door, double glazed window to front, glazed windows to rear, radiator, wood burner, understairs storage cupboard, wooden flooring.
Kitchen Opaque double glazed window to side, range of fitted high gloss wall and base units with Granite work surface over, one bowl stainless steel sink unit with mixer tap, oven and hob to remain, integrated 'Neff' washing machine, dish washer and fridge/freezer, wooden flooring, spotlights.
Landing Bedroom One Double glazed window to side, radiator, carpet. Bedroom Two Double glazed window to side, radiator, two fitted wardrobes, wooden flooring.
Bathroom Opaque double glazed window to rear, heated towel rail, three piece suite comprising of: Enclosed corner shower cubicle with mixer shower over, tiled walls and sliding doors, inset wash hand basin with mixer tap and vanity unit under, enclosed low level wc, part tiled walls, tiled flooring, spotlights.
Courtyard Gate, paved, external storage cupboard, outside water tap, sink. Garden Paved, mainly laid to lawn with slate border, decked area at rear.
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.
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FAQ
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