3-bedroom flat · SE14 6AY
Sold STCListed 254 days
Opportunity summary
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About
This exceptional three-bedroom penthouse loft apartment forms part of a paired-back development by designers Chan and Eayrs.
A soothing space defined by fine natural materials, it is ideally located for access to London Bridge and Canary Wharf, with trains running from New Cross in seven and 12 minutes respectively.
This exceptional three-bedroom penthouse loft apartment forms part of a pared-back development by designers Chan and Eayrs.
A soothing space defined by fine natural materials, it is ideally located for access to London Bridge and Canary Wharf, with trains running from New Cross in seven and 12 minutes respectively.
The Tour The building, comprised of two lofts and two B1 work studios, cuts a striking figure at the heart of New Cross with its herringbone-brickwork exterior and black-framed windows Entry is at street level.
A glass-roofed communal entrance leads on to a concrete staircase and soft, raw-plastered walls. This apartment sits on the second floor.
Its front door opens onto the main living space, an area flooded with natural light from four large square windows.
Fluted glass on the lower half of the windows ensures a sense of privacy while maximising the intake of light. Striking lime-washed oak floors run underfoot across the apartment.
The kitchen is by British Standard and encompasses a large kitchen island that doubles as a breakfast bar.
Bespoke cabinetry lines the right-hand wall in the kitchen, with further storage tucked away beneath an expansive window bench with custom-made cushions.
The three bedrooms and two bathrooms are arranged to the rear of the plan. The principal bedroom, with an en suite, has an internal balcony set over the building’s communal and airy central atrium.
The two remaining double bedrooms are well-lit and spacious. Each bathroom is set with large bathtub, elegant, honed marble tiles and X chrome fixtures and fittings.
There is underfloor heating throughout and the current owners have recently had a new fibre glass roof installed.
The Area New Cross is a thriving area of south-east London with a growing cultural profile that has several independent restaurants, bars and cafes. It is also home to Goldsmiths University.
Pagnell Street is ideally located for local favourite, Mughead Coffee, where creatives gather to work.
Deptford Market is less than 10 minutes’ walk away and has a wonderful local market, joined in recent years by a new wave of establishments including Buster Mantis, a bar renowned for its infamous Steam Down jazz nights; Winemakers Deptford, an exceptional natural wine bar and shop, serving outstanding European cooking from its small kitchen; Forest for all houseplant related needs and Marcella (sister restaurant to Artusi in Peckham) for excellent homemade pasta and seasonal Italian cuisine.
The charming Nunhead Green is a short cycle south-west and is home to a wide range of independent cafes, shops and restaurants, including Ayre’s Bakery and independently owned garden store the Nunhead Gardener.
Some of the city’s best parks are close by: Foundham Park is visible from the apartment and perfect for quick dog walks, while Greenwich Park and Burgess Park are both walkable.
New Cross and New Cross Gate stations are within three and five minutes’ walk respectively, both running London Overground services direct to Shoreditch, Liverpool Street, Dalston and Highbury & Islington.
National Rail services run to London Bridge in around seven minutes and to Canary Wharf in around 12. The A2 provides swift access by road to Kent and the South East.
Tenure: Share of Freehold / Lease Length: Approx. 991 years remaining / Service Charge: Approx. £275 per annum / Council Tax Band: D
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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About Pagnell Street, London SE14
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