3-bedroom flat · SE3 9SH
For saleReduced £50k (−6.3%) on 22 SepListed 66 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We’re delighted to offer this recently modernised, three double bedroom apartment with balcony, located on the first floor of a highly desirable 1960s development in the heart of the Blackheath Cator Estate, with a Share of the Freehold.
This is a fantastic opportunity to own an exceptionally spacious apartment in a truly sought-after location.
Offering approximately 1,120 sq ft of accommodation, the property comprises a welcoming entrance hall with plenty of storage, a large lounge/diner with direct access to the balcony, three generous double bedrooms, a newly fitted kitchen and a modern bathroom.
Further benefits include a Share of the Freehold, garage en bloc and communal heating.
The property is ideally located just 0.4 miles from Blackheath Station, providing direct connections to London Bridge, Waterloo East, Cannon Street, Charing Cross and Victoria.
Further transport links are available from Lewisham, offering access to the DLR, New Cross for the East London Line and Denmark Hill, with connections to King’s College Hospital.
Blackheath Village is close by and offers an excellent selection of independent cafés, restaurants, shops and well-known retailers.
The area also benefits from easy access to the beautiful open spaces of Greenwich Park and the vibrant Greenwich Market.
For everyday essentials, a large Sainsbury’s in Lee Green is also within easy reach. A rare opportunity to acquire a generously proportioned apartment in one of Blackheath’s most desirable locations.
Tenure - Share of Freehold Lease Length - 999 years from 1st July 2018 (991 years remaining) Service Charge - £4,374.24 pa Ground Rent - N/A London Borough of Greenwich - Council Tax Band E Energy Efficiency Rating - D
Value & comps
No previous sales on record.
Returns
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Short-let restrictions apply
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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
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FAQ
About Flat 4, Bernersmede, 61, Blackheath Park, London
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