1-bedroom flat · DA8 1LN
For saleReduced £10k (−5.3%) on 12 AugListed 259 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An ideal first time purchase is this 2nd floor 1 bedroom flat situated close by to Erith railway station.
Well presented throughout the property benefits from an allocated permitted parking space and 176 year lease.
Key terms Unexpired Lease: 176 years remaining (to be verified by vendors solicitor) Service Charge: £1746 per annum (to be verified by vendors solicitor) Ground rent £148 per annum (to be verified by vendors solicitor) Erith & Northumberland Heath are adjacent neighbourhoods enjoying close proximity to Bexley borough’s main thoroughfare, Bexleyheath Broadway.
Firmly residential, Northumberland Heath is a quiet enclave with some charming Victorian properties and a small village-like centre.
Erith is a larger town that has undergone rejuvenation in recent years, with a revamped town centre, a waterfront setting (home to London’s longest pier) and an ambitious house building programme.
Don’t miss the annual Erith Riverside Festival.
Lounge (15' 4" x 10' 1" (4.67m x 3.07m)) Kitchen (6' 4" x 8' 7" (1.93m x 2.62m)) Bathroom (6' 4" x 6' 3" (1.93m x 1.9m)) Bedroom (12' 0" x 8' 9" (3.66m x 2.67m)) Parking 1 allocated permitted space
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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 81, Chandlers Drive, Erith
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