1-bedroom flat · SE16 2BW
For saleListed 48 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and modern one bedroom apartment with a private balcony, located moments from Southwark Park and within easy reach of Surrey Quays Overground, Canada Water and South Bermondsey stations.
The property features a naturally bright and generously sized reception room with access to the private balcony and space to dine, a well-maintained separate kitchen, a double bedroom, separate box room currently being used as a nursery, a modern bathroom, and additional built-in storage in the hallway.
The apartment is positioned within walking distance of a wealth of local amenities, including lively Bermondsey Beer Mile, Bermondsey Street, Surrey Quays Shopping Centre, Canada Warter Masterplan, independent cafés and wine bars, restaurants, supermarkets and gyms at the up and coming Bermondsey Biscuit Factory Development.
Years on Lease - 103 Annual Service Charge - £4184.12 including Heating and Hot Water Annual Ground Rent - £10 Council Tax Band - B Council tax, property size and, where applicable, lease information, service charges and ground rent are given as a guide only and should always be checked and confirmed by your Solicitor prior to exchange of contracts.
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
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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
Agent & docs
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FAQ
About 47 Westlake, Rotherhithe New Road, London
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