3-bedroom flat · SE17 3NH
For saleReduced £25k (−6.7%) on 29 SepListed 119 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offering fantastic potential to modernise and add value, this spacious split-level, three-bedroom maisonette is an excellent opportunity for first-time buyers, families and investors alike.
Arranged over the upper floors of a low-rise block, the property enjoys well-proportioned accommodation, a practical layout and an abundance of natural light throughout.
The property is accessed via a private forecourt terrace leading into a central entrance hall.
The first floor comprises a generous fitted kitchen/diner with ample space for dining, a separate WC, and a spacious reception room with direct access to a private south-facing balcony, providing an ideal outdoor space.
Upstairs, there are three well-sized bedrooms, all benefiting from built-in storage, together with a family bathroom.
While the property would now benefit from updating and modernisation, it presents an exciting opportunity for purchasers to refurbish and personalise the accommodation to suit their own style and requirements.
The generous room sizes, split-level design and sought-after location combine to create a home with significant long-term appeal.
Maddock Way is ideally positioned in the popular Kennington Oval/Walworth area, well known for its excellent transport connections and wide range of local amenities.
Kennington and Oval Underground stations (Northern Line) are both within walking distance, while Elephant & Castle is also easily accessible, providing fast links to the West End, the City, London Bridge and beyond.
Numerous bus routes serve the surrounding area.
Residents can enjoy the open green spaces of Kennington Park, located directly opposite the property, which offers a café, children's playground and recreational facilities.
The popular farmers' market at St Mark's Church is held nearby, while the surrounding streets offer an excellent selection of cafés, restaurants, pubs, independent shops and everyday conveniences.
Lease - 125 years from 17th September 1990 (89 years remaining) Service Charge £3,000 pa Ground Rent - £10 pa Southwark Council - Council Tax Band - C Energy Efficiency Rating - D
Value & comps
No previous sales on record.
Returns
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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
FAQ
About 18, Maddock Way, London
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