2-bedroom flat · DA8 1DQ
For saleReduced £20k (−9.5%) on 4 SepListed 510 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located within walking distance of erith town centre, station and amenities we present this spacious two double bedroom 3rd floor flat in need of complete refurbishment throughout.
Offered with no onward chain that should prove an ideal investment purchase.
Key terms Lease Term: 125 years from 2001 (to be verified by vendor's solicitor) Unexpired Lease: 100 years remaining (to be verified by vendor's solicitor) Service Charge: £2280.30 per annum (to be verified by vendor's solicitor) Ground Rent: £100 per annum (to be verified by vendor's solicitor) Erith & Northumberland Heath are adjacent neighbourhoods enjoying close proximity to Bexley borough’s main thoroughfare, Bexleyheath Broadway.
Firmly residential, Northumberland Heath is a quiet enclave with some charming Victorian properties and a small village-like centre.
Erith is a larger town that has undergone rejuvenation in recent years, with a revamped town centre, a waterfront setting (home to London’s longest pier) and an ambitious house building programme.
Don’t miss the annual Erith Riverside Festival.
Kitchen (8' 4" x 8' 1" (2.54m x 2.46m)) Lounge (20' 0" x 10' 2" (6.1m x 3.1m)) Balcony (8' 0" x 3' 5" (2.44m x 1.04m)) Bedroom (14' 7" x 9' 4" (4.45m x 2.84m)) Bedroom (10' 3" x 13' 7" (3.12m x 4.14m)) Bathroom (7' 1" x 5' 9" (2.16m x 1.75m))
Value & comps
No previous sales on record.
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 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 16, Francis Court,, Macarthur Close, Erith
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