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See how verdicts workStudio flat · DA6 7EJ
No longer listedListed 29 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare residential investment and development opportunity comprising a self-contained 2-bedroom first-floor flat, together with the benefit of planning permission for an airspace development creating 6 additional studio flats.
The first-floor flat comprises a 2-bedroom, 4-person self-contained residential unit, extending to approximately 753 sq ft (69.96 sq m) internally.
The flat is offered with full vacant possession on a new 999 year leasehold, providing a purchaser with immediate flexibility to occupy, retain as an investment or pursue the development opportunity.
The property benefits from planning permission for the vertical extension of the building to create 6 additional residential studio units.
The consent provides an exciting opportunity to add significant residential accommodation through the development of the existing airspace.
A ground investigation has been undertaken by a qualified surveyor, which confirms that the existing foundation arrangement is capable of supporting the additional storeys without the requirement for underpinning, new/deeper foundations or other below-ground works, subject to final structural design and calculations.
The sale therefore offers the opportunity to acquire the 999-year leasehold interest in the existing first-floor flat, together with the benefit of the airspace planning consent for 6 additional studio flats.
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
FAQ
About 223A Broadway, Bexleyheath, Kent
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