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See how verdicts work1-bedroom flat · SE9 3UL
Sold STCListed 93 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautiful one double bedroom ground floor flat with its own private garden, situated within a stunning Victorian building in the heart of New Eltham, just moments from New Eltham railway station and the High Street.
Offered with no onward chain the property features a wealth of original character features including high coved ceilings and tall skirting boards, the property has been thoughtfully modernised with sash-style double glazed windows.
Further benefits include a share of the freehold interest and a lease in excess of 900 years.
The accommodation comprises a communal hallway, private entrance hall with security entry phone system, spacious lounge/dining room open plan to an integrated modern kitchen, a contemporary bathroom, and a generous double bedroom with fitted wardrobes and a large window overlooking the rear gardens.
Externally, the property benefits from its own private garden which is accessed via the communal hall together with a shed providing excellent storage facilities. Note the garden is not fenced in.
An ideal first-time purchase or investment opportunity. Lease: 999 years from October 2021. Service Charges: £150.00 per calendar month. Ground Rent: £0. Council Tax Band B.
Agents Note: Material Information is available online as brochure 2 below.
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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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
Agent & docs
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FAQ
About Flat 1, 423, Footscray Road, London
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