2-bedroom flat · DA8 2GL
For saleListed 13 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** 50% share ** Ideal purchase for first time buyers with the added benefit of no onward chain is this immaculately presented first floor, 2 bedroom flat.
Well positioned for Erith Train Station, local amenities and Erith town centre. Key terms Lease Term: 125 years from 26/08/2022 (to be verified by vendor's solicitor).
Unexpired Lease: 120 years (to be verified by vendor's solicitor).
Rent Payable on remaining lease: Tbc (to be verified by vendor's solicitor) Service Charge: Tbc (to be verified by vendor’s solicitor).
(to be verified by vendor's solicitor) Ground Rent: Tbc (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.
Lounge/Dining Room (18' 2" x 17' 2" (5.54m x 5.23m)) Bedroom 1 9x4.75m Bedroom 2 (12' 5" x 11' 4" (3.78m x 3.45m)) Bathroom (6' 3" x 7' 1" (1.9m x 2.16m)) En-Suite (5' 3" x 4' 7" (1.6m x 1.4m)) Balcony Residents Parking Allocated parking
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 8, Prerona Court, 1, Thistle Close, Erith
Explore nearby
.png){kind=logo}
