2-bedroom flat · SE15 2EA
For saleReduced £24.9k (−5%) on 24 SepListed 42 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Delightful ex-la purpose-built two double bedroom pad of 685 square feet. The ground floor property is double-glazed throughout and has a pleasing neutral decorative scheme.
The attractive block is a low-rise affair, with communal well-kept lawned gardens. You also have use of a pram shed externally, and bicycle storage lockers are available to rent from Southwark.
Parking is unrestricted on the street.
Find your new pad on a wide and ever so leafy residential Nunhead street in Nunhead/Peckham borderland, popping you just eight minutes by foot from Queens Road Peckham Station, and nine from Nunhead Station (both are Fare Zone 2).
You are also close to Nunhead Green Conservation Area, which takes in Nunhead’s well-stocked independent high street and village-style green.
There is a main shared door with secure entry, plus a neat ground floor hall area (it is from here you access the rear shared garden).
In your own front door and there is a handy coat closet to your right. Next to this you access your living room which easily accommodates seating and dining areas.
A door here opens directly out to the front lawned area.
To your left of the front door is your nicely-appointed u-shape fitted kitchen with timeless units in an earthy green hue paired with wooden worktops.
Next along the hall is your contemporary windowed bathroom which has been recently refurbished in great taste.
Then your two double bedrooms tie the tour off (these are both a good size, at over 12 feet by nearly 11 feet and over 10 feet by nearly 12 feet).
Nunhead station has London Victoria trains and Thameslink trains as well (Farringdon, Blackfriars). It also puts on an impressive skyline view from the platform.
Or you can stroll north to Queens Road Peckham station (also Fare Zone 2) for Windrush line trains alongside regular rail services.
Canary Wharf is easy via Canada Water, also destinations such as Clapham Junction or Shoreditch High Street.
Nunhead has a relaxed vibe with a friendly community, with a central green, playground and community centre (by aoc architects), and excellent established staples which include Ayre’s bakery and Soper’s wet-fish shop.
Other treats include El Vermut and Mother Superior bottle shops, Goodcup/Goodnights and BARD4100 (pizzas and bar). And there's a handy Co-Op with cash machine.
The Pyrotechnist's Arms and The Old Nun’s Head are strong locals (and we should also mention The Earl of Derby), and Peckham Bazaar is a big favourite of ours (pan-Balkan menu) on nearby Consort Road.
Beer Rebellion, Peckham Cellars, Blackbird Bakery, Eagle Eats and Connie’s are all recommended, on the little stretch by qrp Station.
Central Peckham (home to cool Rye Lane) is an under-15 minute walk, for such delights as Peckham Levels and Forza Wine, The Bussey Building & Copeland Park complex, plus Market Building and various markets and pop-ups.
Walk a further five minutes to Bellenden Road with its independent high street and lovely shops, cafes and restaurants; examples are Artusi, The Sourcing Table, The Begging Bowl, Ganapati, Flock & Herd and Review book store.
It’s a short stroll to Telegraph Hill's gorgeous parks with views and a weekly Farmers’ Market (Saturdays from 10am) and also Peckham Rye Park and Common’s 113 acres.
Locally, Nunhead Cemetery is a beautiful Victorian one, one of ‘The Magnificent Seven’, with organised tours, and beautiful big trees and views.
For more options, Camberwell, New Cross, Deptford, Brockley and Greenwich are all but a short journey.
For little ones, there are good local nurseries, and primaries include Edmund Waller, Hollydale and Ivydale.
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 31a, St. Mary's Road, London
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