Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom semi-detached house · DA16 2JJ
For saleReduced £25k (−4.8%) on 18 SepListed 76 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exceptional opportunity to acquire a prime residential development site in the heart of Welling, offering significant investment and development potential in a highly sought-after location.
The site currently comprises a two-bedroom semi-detached house occupying a generous plot, with the considerable advantage of full planning permission, as well as building regulations and structural drawings complete and ready for submission to building control.
The approved scheme has been thoughtfully and meticulously designed to maximise the site's potential, allowing for the extension of the existing property alongside the construction of a brand-new adjoining dwelling.
Once completed, the development will create an attractive pair of spacious three-bedroom family homes.
With much of the planning process already completed, this presents an outstanding opportunity for developers, builders and investors looking to deliver a high-quality residential project with reduced lead times and increased certainty.
Situated within easy reach of Welling's excellent local amenities, reputable schools, transport links and open green spaces, the completed homes are expected to appeal to a wide range of buyers and families seeking modern accommodation in a desirable location.
Offered to the market chain free and available via online auction, this exciting development site is expected to attract strong interest from investors and developers alike.
To arrange a site inspection or to obtain copies of the approved plans, planning consent and further information, please contact EweMove today.
* Auctioneers Comments: This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the ”Reservation Period”).
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken.
Services are optional.* Entrance Hall 1.9m x 1.34m - 6'3” x 4'5” Living Room 4.01m x 3.21m - 13'2” x 10'6” Dining Room 4.02m x 2.52m - 13'2” x 8'3” Kitchen 4.18m x 2.44m - 13'9” x 8'0” Landing 1.75m x 1.53m - 5'9” x 5'0” Bedroom One 4.08m x 3.29m - 13'5” x 10'10” Bedroom Two 2.63m x 2.28m - 8'8” x 7'6” Bathroom 1.72m x 1.65m - 5'8” x 5'5” Conservatory 3.87m x 2.56m - 12'8” x 8'5”
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About 41, Merlin Road North, Welling
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