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 work1-bedroom flat · DA8 1NT
Sold STCReduced £10k (−5.4%) on 14 SepListed 177 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well presented One Bedroom 2nd (Top) Floor Flat with Long Lease in the region of 156 years.
Situated within the sought-after Neptune Walk development, just moments from the River Thames, is this well- presented 1 Bedroom, second (Top) floor flat, ideally positioned within walking distance of local amenities and excellent transport links.
Accessed via a secure entry phone system, the property benefits from a well-maintained communal Hallway with stairs leading to the second floor.
Internally the accommodation comprises Entrance hall, a 16 Foot Lounge / diner, a Fitted Kitchen, Double Bedroom and a Bathroom.
Additional features include Double glazing, Electric Heating, Allocated and Visitors Parking Space both with permits and the added benefit of your own Loft space, exclusive to the top floor properties.
The location is particularly convenient, with a range of nearby amenities including Bexley College, Erith Riverside Shopping Centre, and a variety of bus routes.
Erith Station (Zone 6) is within easy reach, offering direct services into Central London in approximately 40 minutes.
Abbey Wood Station is just two stops away, providing access to the Elizabeth Line, with impressive journey times such as Canary Wharf in 11 minutes, Liverpool Street in 18 minutes, Tottenham Court Road in 23 minutes, and Paddington in 28 minutes.
This property would make an ideal purchase for first-time buyers or buy-to-let investors alike, offering a fantastic opportunity to acquire a well-located property close to the Thames and its scenic riverside walks.
Additional Information: • Floor Area: Approx. 431 sq. Ft (40 sq.
M) • Council Tax: Band B (London Borough of Bexley) • Service Charge: £2,023.08 per annum (including building insurance & water rates)* • Riverwalk Service Charge: £139.24 per annum* • Ground Rent: £80 per annum • Lease Remaining: Approx.
156 years* Please note: These details have been provided by the seller and should be verified by your solicitor. Lounge / Diner. - 16'0" (4.88m) x 10'6" (3.2m) Kitchen.
- 9'0" (2.74m) x 6'4" (1.93m) Bedroom. - 13'0" (3.96m) x 9'0" (2.74m) Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Purchasers must undertake their own due diligence into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Identification checks Should a purchaser(s) have an offer accepted on a property marketed by Able Estates, they will need to undertake an identification check.
This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service to verify your identity.
The cost of these checks is £48 inc VAT per purchase, which is paid in advance when an offer is agreed and prior to a sales memorandum being issued.
This charge is non-refundable under any circumstances.
As part of the service, you will be given a 3-month free Lifetime Legal membership, which comes with free legal advice, a standard or mirror Will and Mover Protection.
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
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FAQ
About 59, Neptune Walk, Erith
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