3-bedroom flat · DA8 1BY
Listing removedListed 161 days
Opportunity summary
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About
Situated on a well-connected residential road in the heart of Erith, this spacious first-floor conversion presents an outstanding opportunity for both owner occupiers and investors alike.
Offered to the market chain free and with vacant possession upon completion, the property boasts generous accommodation throughout, excellent versatility, and huge scope to add further value.
Currently arranged as a four-bedroom, one-bathroom layout, the property is traditionally configured as a spacious three-bedroom home, with the reception room presently being utilised as an additional bedroom.
The flexible floorplan allows buyers to tailor the space to suit their own lifestyle requirements, whether as a larger family home, professional sharers setup, or investment opportunity.
Internally, the property offers bright and well-proportioned rooms throughout, including a sizeable kitchen/dining area, three/four good-sized bedrooms, and a family bathroom.
There is clear potential for cosmetic enhancement and modernisation, allowing an incoming purchaser to create a fantastic long-term home with their own stamp.
A standout feature is the private rear garden, offering excellent outdoor space rarely found with flats of this nature.
The garden also benefits from rear access, creating the possibility for off-street parking should a buyer wish to utilise the space accordingly.
Alternatively, the property enjoys ample unrestricted on-street parking to the front.
The property is held on a shorter lease, however there is an opportunity for a lease extension via the freeholder, presenting further long-term potential and value enhancement for purchasers.
Pembroke Road is ideally located for commuters, with Erith railway station within easy reach, providing regular Southeastern services into Central London.
The hugely popular Abbey Wood railway station and the Elizabeth Line are also nearby, offering fast and convenient connections to Canary Wharf, Liverpool Street, Paddington, and Heathrow Airport.
The area is exceptionally well served by local amenities, including supermarkets, shops, cafés, leisure facilities, and Erith Town Centre, while families will appreciate the selection of nearby well-regarded schools including Lime Wood Primary School and Trinity Church of England School.
With strong transport links, generous living space, private outdoor space, and significant future potential, this is a rare opportunity to acquire a versatile and well-positioned property in an increasingly popular South East London location.
Lease - 99 years from 1st June 1999 (72 years remaining) Service Charge - N/A Ground Rent - £200 PA Building Insurance - £350 PA London Borough of Bexley - Council Tax Band - B Energy Efficiency Rating - C
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Pembroke Road, Erith
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