2-bedroom flat · SE11 4UR
For saleListed 123 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A charming two-bedroom flat on the first floor of this Victorian conversion with a private east facing garden. Situated on Chester Way, one of Kennington’s most sort after roads.
EPC rating D Please note that this flat is being sold as an 80% share. There has been an independent valuation carried out by a RICS surveyor and the full price is £625,000.
It is also important to note that the maximum share that can be purchased is 80%. Entering the property on the first floor, you are welcomed by a spacious hallway that leads to all principal rooms.
The flat comprises a bright reception room, two double bedrooms, a single bedroom/study, a kitchen and a bathroom.
At the front of the property is the master bedroom - a generously sized space with ample room for freestanding furniture.
Built-in bookshelves on either side of the fireplace, while a large bay window overlooks Chester Way and allows plenty of natural light to fill the room.
The adjacent bedroom comfortably accommodates a king-sized bed and additional storage furniture. A sash window provides pleasant views over the surrounding greenery.
Further along the hallway, is another room which would work well as a child's bedroom or study. The bathroom comprises a walk-in shower, wash basin with vanity storage, and WC.
The kitchen offers a range of worktop and storage space and is fitted with a gas oven, hob, extractor fan, washing machine, and fridge.
Located at the rear of the property is a reception room, currently used as a study.
This versatile room provides ample space for a variety of furniture and benefits from direct access to the private garden.
Leasehold - 189 years from 11 March 1996 service charge, ground rent, council tax Service Charge - £1,508.16 per annum Ground Rent - Nil Council Tax band - E Parking On street permit parking Utilities Electricity – mains connected Water – mains connected Heating – gas central heating Sewerage – mains connected Broadband – Ultrafast Location: Chester way is ideally positioned between Kennington Road and Kennington Lane, offering a wide range of local amenities.
The property is also within easy reach of the ongoing regeneration of Elephant and Castle, adding further appeal to this already vibrant area.
Kennington Underground Station, along with the attractions of the South Bank are both within walking distance.
Directions: Kennington Underground Station (Northern Line) is approximately 0.3 miles away, while Elephant & Castle Station (National Rail, Bakerloo & Northern Line) is also within easy reach.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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 advisors 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
FAQ
About 53a, Chester Way, London
Explore nearby