2-bedroom flat · SE3 9BW
For saleReduced £25k (−5.9%) on 7 OctListed 125 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An impressive first-floor, two-bedroom purpose-built apartment with a spacious private terrace, ideally situated within the prestigious Blackheath Quarter of Berkeley Homes’ award-winning Kidbrooke Village development.
Beautifully presented throughout, the property offers a stylish and contemporary open-plan kitchen and reception room, creating a bright and spacious living area ideal for both relaxing and entertaining.
There are two generously sized double bedrooms and a modern family bathroom finished to a high standard.
The welcoming hallway provides access to a large utility cupboard with space for a washing machine and tumble dryer, as well as a separate storage room offering excellent additional storage.
Residents benefit from lift access, a communal bicycle store, and beautifully maintained communal gardens.
Exclusive to Blackheath Quarter residents, premium on-site amenities are just a short walk away and include a concierge service, swimming pool, gym, cinema room, and conference facilities.
Kidbrooke Village continues to grow as a vibrant community, with a selection of local amenities located in Pegler Square, including a Sainsbury’s Local, a Young’s pub, and Kidbrooke mainline station, all within approximately five minutes’ walk of the property.
The charming Blackheath Village is also easily accessible via the picturesque Blackheath Cator Estate, approximately 20 minutes on foot.
Offered to the market with no onward chain, this highly sought-after style of apartment is expected to generate strong interest. Early viewing is highly recommended.
Lease - 125 years from 1st September 2016 (115 years remaining) Service Charge - £5,416.68 pa Ground Rent - £664.19 pa The Royal Borough of Greenwich - Council Tax Band - D Energy Efficiency Rating - B
Value & comps
No previous sales on record.
Returns
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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 34, Merlin Court, 28, Handley Drive, London
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