How much is Erebus Drive Thamesmead, London?

The asking rent is £1,900 a month.

No floorplan from the agent

Erebus Drive Thamesmead, London

2-bedroom flat

1 bath

Asking rent

£1,900/mo

To rentListed 3 days

Investor metrics

HMO Article 4 Direction AreaRoyal Borough of Greenwich Article 4(1) (Houses in Multiple Occupation) Direction 2017 · C3 → C4 HMO conversion requires planning permission here

Opportunity summary

See Archie’s verdict, returns by strategy and what to check before viewing.

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About

The property

Property Reference: 3078516. Top floor flat, two bedrooms one bathroom, in the Royal Artillery Quays riverside development in Erebus Drive SE28, a quiet cul-de-sac road in Thamesmead.

Has outstanding views of the River Thames. Currently being redecorated, with LED lighting and wood effect flooring. Double glazed, gas central heating (original boiler replaced 4 years ago).

There is a balcony, approx 3.5 mtrs by 2 mtrs with views over waste ground to Beckton and Dartford. The property is semi-furnished. You will need new beds.

We are leaving the 3-seat leather sofa, the TV which is wired into speakers in the kitchen and bathroom, plus some other cabinetry.

Small bedroom will have a full-height wardrobe in its alcove (presently in the living room). Gated garage in basement with allocated car park space.

Renovation work is as yet unfinished, but am inviting prospective renters for viewing. You will need to be accredited, at least one tenant to be in acceptable employment.

Suitable for young couples, ideally with no more than one child. £1,900 pcm, less bills, with £1,000 deposit and one month in advance.

Summary & Exclusions: - Rent Amount: £1,900.00 per month (£438.46 per week) - Deposit / Bond: £1,000.00 - 2 Bedrooms - 1 Bathrooms - Property comes furnished or unfurnished (tenant can decide) - Available to move in from 19 October 2026 - Maximum number of tenants is 3 - Students welcome to enquire - No Smokers - Bills not included - Property has parking - Property has garden access - EPC Rating: Currently Being Obtained If calling, please quote reference: 3078516 Fees: You will not be charged any admin fees.

** Contact today to book a viewing and have the landlord show you round! ** Request Details form responded to 24/7, with phone bookings available 9am-9pm, 7 days a week.

OpenRent endeavours to make all property particulars as accurate and reliable as possible, however if you require any further clarification or information please contact us.

When applying for a tenancy using the Rent Now process, you will be required to pay one month's rent and any deposit before moving in.

This will be paid to OpenRent and released to the landlord once you have moved in. With OpenRent there are no administration fees to pay.

Key information

Furnished State

Furnished or unfurnished, landlord is flexible

Availability

Available now

Check availability with the agent

Students

Students Accepted

Local Authority

Greenwich London Boro

London Borough

County

Greater London Authority

Value & comps

How does the rent compare?

No previous sales on record.

Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.

Returns

What does it return?

Rent evidence

Rental benchmark

Nearby rental comparables

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Local SA Market

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Model

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Strategy: R2R · full calculator

R2R calculatorRent-to-rent SA + HMO strategies — occupancy, platform fees, profit

Investment Disclaimer

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

Is it a deal?

Archie’s verdict

Archie has scored this property.

HMO Conversion Potential

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.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

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.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

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.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

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.