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See how verdicts work2-bedroom flat · SE25 4PJ
For saleReduced £25k (−6.7%) on 10 SepListed 70 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Housed within the former Palace Cinema, one of South Norwood's most iconic buildings from the 19th century, is this striking penthouse-style two-bedroom conversion.
Offered chain-free and spanning almost 1,000 sq. Ft, the property is set on the second floor and opens into an entrance hall finished with engineered wood flooring throughout.
Double doors reveal an impressively proportioned living and dining room, filled with natural light and offering unobstructed views for miles.
The separate kitchen has been newly refitted to a high standard, complete with an oven, hob and further integrated appliances.
Two newly fitted contemporary bathrooms complete the accommodation, including a generous en-suite. Bedroom one also benefits from a spacious walk-in wardrobe - a genuine luxury for modern living.
Offered with a long lease of 995 years and share of freehold, this is a home of real character and distinction.
Perfectly positioned on Portland Road, the apartment benefits from outstanding National Rail (including Thameslink) and Overground services via Norwood Junction, with frequent trains to London Bridge in eleven minutes, as well as a number of other central London stations (including Victoria, Blackfriars, St Pancras, Canada Water and Shoreditch).
There are also direct trains to Gatwick and Luton airports in under an hour.
There is a tram stop on the road opposite (Harrington Road), as well as a bus stop outside the building, which allows effortless local travel to Dulwich, Peckham and Brixton.
A wide range of amenities, including supermarkets, cafes, a leisure centre and gym are all moments away from the property.
Green spaces such as South Norwood Country Park and South Norwood Lakes are close by, as is the vibrant Crystal Palace, which offers an array of independent restaurants, bars and boutiques.
This distinctive home combines scale, style and convenience, making it an exceptional opportunity for buyers seeking something truly unique.
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.
Area
Agent & docs
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FAQ
About Flat 12, 114, Portland Road, London
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