2-bedroom maisonette · SE20 8RL
Sold STCListed 238 days
Opportunity summary
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About
*** Guide Price £375,000-£400,000 *** Well presented purpose built ground floor maisonette located within a short walk of Penge West and Penge East stations, Penge high street and Crystal Palace Park.
Benefitting from two good sized bedrooms, long lease, 18' lounge, modern kitchen with integrated appliances and access to a beautiful; communal garden.
Exterior Garden Key Terms Purpose built maisonette Ground floor 18' Lounge Total floor area 65sqm Modern kitchen with integrated appliances Two good sized bedrooms Communal garden Long lease Excellently located for Penge West and Penge East stations Within walking distance of Penge high street and Crystal Palace park Entrance Hall Part opaque glazed wooden entrance door, radiator, laminate flooring.
Lounge Double glazed bay window to front, radiator, electric feature fireplace with marble hearth and wooden surround, laminate flooring, coved ceiling with ceiling rose.
Kitchen Double glazed window to rear, radiator, range of fitted white high gloss wall and base units with Granite work surface over and upstand, one bowl stainless steel sink unit with mixer tap, oven, gas hob and extractor fan to remain, integrated fridge/freezer, washer/dryer and dish washer, tiled splash back, tiled flooring, Bedroom One Double glazed window to rear, radiator, fitted storage in alcoves, carpet.
Bedroom Two Double glazed window to front, radiator, carpet.
Bathroom Opaque double glazed window to side, heated towel rail, three piece bathroom suite comprising of: "P" shaped panelled bath with mixer tap, hand shower and mixer shower over, wall mounted inset wash hand basin with mixer tap and vanity unit under, low level wc, laminate flooring, part tiled walls, extractor fan.
Communal Garden Mainly laid to lawn.
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 Malcolm Close, Oakfield Road, Penge, London, SE20
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