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See how verdicts work2-bedroom flat · SE10 0XN
For saleReduced £5k (−1%) on 2 JulListed 483 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to purchase a modern, two-bedroom, apartment close to the Thames River in Greenwich.
The apartment is on the fourth floor of a modern building and is accessed via secure entry door and lift.
Upon entering the apartment the accommodation comprises central hallway, modern open plan living room with a modern fitted kitchen and access to the private balcony, two double bedrooms both laid with carpet with the primary bedroom having the benefit of built in wardrobes and en-suite shower room.
A modern family bathroom and a storage cupboard complete the internal accommodation of the apartment. Externally the apartment comes with secure, covered, parking space.
Royal Greenwich is a hive of activity and the development is perfectly placed to allow residents to take full advantage of Greenwich Market, Royal Observatory, Greenwich Park and Cutty Sark.
Those that are looking for shopping will be able to visit the icon outlet at the 02 or Greenwich Shopping Park with its wide range of Supermarkets (asda, Sainsburys, Lidl, Aldi, M&S).
There are also smaller more local shops (Sainsburys Local, Co-op), coffee shop, gym and pub within an easy walk.
Commuters will find the location provides plenty of transport options with the development being minutes away from Maze Hill train station, North Greenwich and Cutty Sark stations which will all serve Canary Wharf and the City.
Alternative options available are the numerous bus links accessible with a hub located at North Greenwich and more local buses from Woolwich Road.
Those that may want a more leisurely commute or even want to explore another side of London will be able to access the Thames Clipper services from either the Peninsula via the North Greenwich Pier or Greenwich Pier by the Cutty Sark.
A fantastic opportunity to take your first step on the property ladder in Greenwich into an apartment that has great work life balance thanks to the varied options to get into London.
Material information leasehold information Lease Term: 990 years Service Charge: £3300 Per Annum Ground Rent: £400 Per Annum Ground Rent Review date: Tbc Broadband and Mobile Coverage For broadband and mobile phone coverage at the property in question please visit: And respectively.
Important note to potential purchasers: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact and a buyer is advised to obtain verification from their own solicitor or surveyor.
Value & comps
No previous sales on record.
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 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
About Flat 401, Elliot Lodge, 7, Cyrus Field Street, London
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