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See how verdicts work2-bedroom flat · SE9 2TA
Sold STCReduced £10k (−5.7%) on 10 JulListed 1164 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Chain free! This two-bedroom first-floor retirement flat, located in the desirable Southend House complex for residents aged 55 and over, offers both comfort and convenience.
Ideally situated near local bus routes to Eltham and New Eltham, it ensures easy access to nearby amenities. The flat includes a cozy lounge, a well-equipped kitchen, two bedrooms, and a bathroom.
Residents benefit from 24-hour warden assistance, a lift for easy access, and the use of communal lounge areas and beautifully maintained gardens.
Key terms The vendor advises us of the following: Unexpired lease term: Tbc Service charge: £600.00 per quarter Eltham is a popular town in the Royal Borough of Greenwich, with £2 million recently been spent on a High Street revitalisation programme and a new cinema and sky bar complex.
There’s a mainline train station offering a direct route to London and the magnificent Art Deco Eltham Palace.
The Heritage Restaurant & Bar at the Tudor Barn, a modern leisure centre, the Bob Hope Theatre and Well Hall Pleasaunce can all be found in the town.
Entrance Hall Door to front, two built in cupboards housing electric meters and electric water heater tank, loft access Lounge (17' 0" x 9' 8" (5.18m x 2.95m)) Window to front, electric wall heater, carpet Kitchen (7' 9" x 6' 9" (2.36m x 2.06m)) Window to front, wall and base units, stainless steel sink and drainer unit with mixer tap, integrated oven, ceramic hob, plumbing for washing machine, part tiled walls Bedroom 1 (10' 8" x 10' 1" (3.25m x 3.07m)) Window to rear, electric wall heater, carpet Bedroom 2 (8' 5" x 6' 9" (2.57m x 2.06m)) Window to front, electric wall heater, built in cupboard, carpet Bathroom Concealed cistern wc, pedestal wash hand basin, walk in shower with glass screen, tiled walls, electric wall heater, tiled walls Gardens Communal Parking Communal parking area Day Room Communal lounge for residents
Value & comps
No previous sales on record.
Returns
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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 Flat 35, Southend House, 141, Footscray Road, London
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