3-bedroom flat · SE18 6PD
No longer listedListed 30 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A stunning brand new three bedroom apartment which is set within Norton House in the impressive and popular Royal Arsenal Riverside this a modern development located beside the River Thames in Woolwich.
This attractive apartment on the 16th floor has a large private balcony and comes with modern fixture and fittings.
It comprises a spacious open plan living and dining room with fitted kitchen featuring integrated top of the range appliances, a well sized bedroom with a large built in wardrobe and a modern bathroom.
This specific unit can be offered unfurnished or furnished with handpicked items by a renowned supplier giving the prospective occupant a unique feel.
Residents benefit from an onsite concierge and an exclusive new Waterside Club with pool, Jacuzzi, spa, gym and a private cinema room.
The Royal Arsenal Riverside development has five onsite pubs and restaurants, doctor and a dentist office, pharmacy, M&S Foodhall, Tesco Express and a Sainsbury's Local.
Furthermore the Thames Clipper pier and the new forthcoming Crossrail stations are within the development. The property is a 5 minutes' walk to the DLR, Southeastern trains and buses.
Completion expected end of Feb, Viewings are highly recommended. Maximum Occupancy Applies.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
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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 Flat 1606 Norton House, Duke of Wellington Avenue, London
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