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See how verdicts work2-bedroom flat · SE10 0AU
For saleListed 33 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** Guide Price £550 000 to £575 000 ** John Payne are delighted to market chain free, a truly stunning two-bedroom, two-bathroom apartment, situated on the second floor of a modern and highly sought-after development, with allocated car parking and Right to Manage.
Situated in Devine House and offering an abundance of space and natural light throughout, the property extends to an impressive 857 sq ft and comprises a stunning open-plan reception room, incorporating a sleek, high-specification kitchen and providing access to a private south-facing balcony.
There are two generous double bedrooms, with the principal bedroom benefiting from built-in wardrobes and a contemporary en-suite shower room.
A stylish family bathroom and two large storage cupboards, conveniently located off the entrance hall, complete the accommodation.
Further benefits include a 24-hour concierge service, secure entry system, lift access, and well-maintained communal areas, including a residents’ games room available for private hire.
The property is also offered with Right to Manage, an exceptionally long 994-year lease and allocated car parking under the building.
Greenwich Peninsula has established itself as one of London’s most vibrant riverside neighbourhoods, with Thames-side walkways, the O2 Arena, an array of bars and restaurants, and the acclaimed Design District all within easy reach.
Transport links are excellent, with North Greenwich Station (Jubilee Line) just a short walk away, providing journeys of approximately 4 minutes to Canary Wharf and 11 minutes to London Bridge.
Lease Length: 999 years less 10 days from and including 11 March 2020.
993 Years Remaining Service Charge: £2,900 pa Ground Rent: Na Royal Borough of Greenwich Council Tax: Band D Energy Efficiency Rating B
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
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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 201 Devine House, 1, Southern Way, Greenwich Peninsula
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