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Opportunity summary
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About
Introducing to the market is this newly developed unbroken mixed Freehold dwelling with opportunity for future value add by way of additional residential units and increased massing, subject to planning consents.
Comprises of 7x apartments plus Class [E] commercial at ground, occupied by Novo Gym. Bullet points: • Currently fully occupied and income producing.
• Potential for future value add by way of additional units, subject to the usual planning consents. • 8-minute walk to Welling Station.
• Less than 45 mins to City of London via Southeastern & Elizabeth Line connections. • Less than 30 mins to London Bridge via Southeastern connection.
• Representing a low capital value of £295 psf., blended across total internal area. For a brochure, please contact the agent. Viewings are available by appointment only.
Description: The property comprises an extensive double frontage commercial unit and residential upperparts, totalling 7x apartments, arranged over 3 storeys.
The recently constructed flats are each held on separate title, with NHBC guarantees.
The property occupies a site of 0.15 acres, with potential for further future value add by way of additional units, subject to obtaining the necessary planning consents.
Location: The subject property is located on the north side of Bellegrove Road at the junction with Hook Lane.
Welling station is an 8-min walk from the property, providing efficient transport connections to London Bridge (under 30 mins) and The City (45 mins) via Southeastern and Elizabeth Line connections.
This makes the location a popular commuter belt location with strong residential rents achievable.
Disclaimer: Our attempt is to provide properties descriptions to our best of knowledge including the pictures and floor plans. Floor plans may not be available for each particular property.
However, if you are unsure for any reasons then we should be glad to assist you with your queries. So please feel free to contact our office at any time.
Value & comps
No previous sales on record.
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 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
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FAQ
About Bellegrove Road, Welling (Town Centre), London
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