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 flat · SE15 2RS
For saleReduced £25k (−4.8%) on 8 JulListed 212 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nestled within the sought-after Grenier Apartments building, this two-bedroom, 963 sq/ft converted school apartment effortlessly blends Victorian architectural heritage with modern design.
Originally built as the Leo Street School in 1899 by architect T.J. Bailey, the building was thoughtfully converted in the late 1990s into a distinctive collection of contemporary residences.
Many of these homes, including this exceptional apartment, retain the building’s original charm and striking design details, features that continue to make them highly desirable today.
Stepping into the apartment, you are immediately struck by the sense of volume and light.
The open-plan living area is framed by impressive 4.22-metre ceilings, which flood the space with natural light and offer a dramatic backdrop that echoes the grandeur of its Victorian origins.
The recently renovated kitchen, cleverly positioned beneath the mezzanine, blends effortlessly with the living space, enhancing the apartment’s fluid layout.
The ground floor houses a generous master bedroom with partial double-height ceilings, adding both scale and character. Adjacent is a well-appointed family bathroom, completing the main living level.
Upstairs, the mezzanine provides a versatile second bedroom and a dedicated study area, ideal for those working from home or in need of a flexible guest space.
Set within a gated development, the property includes access to peaceful communal gardens, a rare feature in this vibrant urban setting and comes with an allocated parking space, a valuable asset in this part of London.
Positioned just 0.4 miles from Queens Road Rail and Overground stations, the apartment offers excellent transport connections, with London Bridge accessible in around 10 minutes and Canary Wharf in approximately 16 minutes.
The surrounding area is undergoing significant regeneration and is considered one of London’s most exciting investment hotspots.
The proposed Bakerloo Line Extension, a cornerstone of Southwark Council’s 20-Year Development Plan, is expected to further enhance connectivity and growth potential.
Queens Road itself is just a short walk away which has blossomed into a vibrant culinary destination, offering a diverse array of trendy restaurants such as Kudu, Peckham Cellars, Artusi and The Begging Bowl to name a few.
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
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
.png)
FAQ
About 14, Gervase Street, London
Explore nearby