2-bedroom flat · SE9 2DR
Listing removedListed 72 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Great location; 1min walk to New Eltham station (25mins to London Bridge) and 1min walk to local shops!
This split level 2 bedroom flat above shops is well presented with modern fitted kitchen and modern shower room.
Lounge is spacious and shares the same floor as kitchen, shower room and one of the bedrooms - there is also another bedroom on the lower level.
Stairs up to front door and further stairs within flat, no lift available. Gas central heating, double glazing. Parking via permit.
Available immediately once referencing and tenancy documents complete. Front Kitchen Shower Room Bedroom 1 Bedroom 2 Lounge
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 399B, Footscray Road, New Eltham
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