1-bedroom flat · DA8 1QW
For saleReduced £20k (−14.3%) on 13 AugListed 446 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Guide Price £140,000 - £160,000** Ideally located for many local amenities and transport links is this well presented one bedroom second floor retirement apartment.
Having been extremely well looked after the accommodation on offer comprises communal entrance hall with secure entrance, internal entrance hall with large storage/airing cupboard, living/dining room, fitted kitchen, bedroom with mirror fronted fitted wardrobes and a walk-in shower room.
Additional points of particular note include electric heating, double glazing, lift to all floors and residents parking on s first come, first serve basis.
Waters Edge Court also benefits from a lovely communal area with seating and kitchenette as well as well maintained communal gardens.
Communal Entrance Area Secure entrance area, entry phone system, lift to all floors and communal seating with kitchenette.
Entrance Hall Hard wood front door, large airing/storage cupboard, entry phone system and carpet.
Living Dining Room (7.24m x 3.20m (23'9 x 10'6)) Double glazed window to front, glass doors to kitchen, coved ceiling, electric heater and carpet.
Kitchen (2.29m x 2.13m (7'6 x 7')) Double glazed window to front, wall and base units, integrated electric oven and hob, space for fridge and freezer, wall tiling and vinyl flooring.
Bedroom (4.45m x 2.82m (14'7 x 9'3)) Double glazed window to front, coved ceiling, mirror fronted fitted wardrobes, electric heater and carpet.
Shower Room (2.01m x 1.65m (6'7 x 5'5)) Walk-in shower cubicle, low-level WC, wash hand basin, wall tiling and vinyl flooring.
Communal Areas Communal seating areas with kitchenette and access to gardens Parking Parking which is one a first come, first serve basis.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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
FAQ
About 34 Waters Edge Court, 1, Wharfside Close, Erith
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