1-bedroom flat · SE18 6FW
For saleListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Shared ownership 25% share: £87,500 Monthly rent: £667 Monthly service charge*: £263 Lease Term: 114 Years Council tax Band: C EPC rating: C £350,000 (Full market value) This charming sixth-floor flat in Drummond House, London, benefits from excellent transport connections and a wealth of amenities just minutes from your doorstep.
The Elizabeth Line is only a 3-minute walk away, with DLR and Thameslink services around 7 minutes away, along with numerous bus routes and the Uber Boat service nearby.
The property is in close proximity to a new leisure centre, and hosts a monthly local farmers’ market, with a wide range of supermarkets and gyms just a 2-minute walk away.
For cultural and recreational activities, Woolwich Works is a mere 5 minutes away.
Within the home, you will find a modern kitchen equipped with integrated white goods including a fridge, freezer, dishwasher, extractor, washing machine, oven, and hob.
With lift access, the flat also offers a balcony and access to a communal garden, providing a pleasant space to relax and unwind.
Homeowner experience: "The home has been a lovely and convenient place to live, with excellent transport links and a great range of amenities right on the doorstep.
The Elizabeth Line is just a 3-minute walk away, with DLR and Thameslink services around 7 minutes away, as well as numerous bus routes and the Uber Boat service nearby.
The area has a new leisure centre, a monthly local farmers’ market, and a wide choice of supermarkets and gyms within a 2-minute walk.
Woolwich Works is also just 5 minutes away, offering a great range of events and activities.
There is a cycle route from the area through to London Bridge, making it easy to travel into central London by bike.
Overall, the location offers a great balance of excellent transport connections, local amenities, green and riverside spaces, and easy access to central London." Disclaimer for viewings Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
If you book a viewing or make an offer on a property, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment.
The vendor shall be hosting the viewing and so you name and contact number shall be shared for viewing day purposes only. Please do let us know if you do not wish for your contact number to be shared.
We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
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 40, Victory Parade, London
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