2-bedroom flat · SE3 7AX
For saleReduced £25k (−4.8%) on 2 OctListed 217 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious entrance hall leads through to the impressive open-plan living space, creating a welcoming sense of flow throughout the apartment.
At one end sits a stylish integrated kitchen, while the opposite end provides a generous living area with ample space for both relaxing and dining.
The apartment benefits from a sunny south-westerly aspect and enjoys an abundance of natural light in all principal rooms.
The apartment offers two well-proportioned double bedrooms, the larger of the two benefitting from a modern en-suite shower room, alongside a separate family bathroom.
Both bathrooms feature contemporary white suites, sleek tiling and underfloor heating. Further benefits include two useful storage cupboards and a private parking space with barrier entry.
Gardens House is adjacent to Mycenae House, and enjoys direct access to the beautifully maintained Mycenae Gardens.
Situation The property is ideally located for a wide range of local amenities, with Blackheath Standard within easy walking distance.
Blackheath Standard offers a variety of independent shops, cafés and everyday conveniences, including a Marks & Spencer Food Hall.
The property is also well located for Royal Greenwich Park and Blackheath Village with its array of coffee shops and restaurants.
Westcombe Park station provides regular services to London Bridge and Cannon Street in under 15 minutes.
There are frequent buses from Blackheath Standard to North Greenwich Underground with services to Canary Wharf and the West End.
The area is also well regarded for its excellent selection of schools, making it an appealing location for a wide range of buyers. Property Ref Number: Ham-63790
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.
Area
Agent & docs
FAQ
About Flat 5, Gardens House, 92, Mycenae Road, London
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