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3 × 1-bed flat · SE1 5AA
For saleListed 27 daysAuction 29 Oct · in 10 days
Opportunity summary
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About
For sale by auction 29th October 2026 at 12:00 £875,000 plus Freehold mixed-use property comprising three flats and retail unit Location & Description A substantial four story freehold property comprising a ground floor retail unit and 3x 1 bedroom flats situated on the ground, first and second floors.
The property is prominently situated on Old Kent Road (A2), within the London Borough of Southwark, approximately two miles south-east of Central London.
The surrounding area provides a wide range of shops, supermarkets, cafs and local amenities, with Burgess Park nearby.
Excellent bus services operate along Old Kent Road, providing connections towards Elephant & Castle, London Bridge, Peckham and Central London, while Bermondsey Underground and South Bermondsey railway stations are both approximately 0.9 miles away.
Accommodation Ground Floor: Retail unit with basement First Floor: One bedroom flat Second Floor: One bedroom flat Third Floor: One bedroom flat Total gia: 2,499 sq ft (232.1 sq m) Tenancy Details Retail Unit: Flat A: Let at £1,500pcm (£15,000 p.a.) Flat B: Let at £1,225pcm (£14,700 p.a.) Flat C: Currently vacant Note Auction Surveyor: Stuart Mackay Contact: / producing XX with one vacant flat
Value & comps
No previous sales on record.
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Returns
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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 388C, Old Kent Road, London
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