2-bedroom flat
For saleListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautiful 784 square foot two bedroom conversion (currently used as a one bedroom) second floor, split-level apartment with secure allocated parking in the historic and sought-after Alaska Buildings on Grange Road.
The development offers 24-hour concierge and communal water gardens and is situated a short walk from Bermondsey Street, London Bridge, Borough, the River Thames and within easy reach of the City and West End.
This stunning apartment has wooden flooring, exposed brickwork, Crittall windows, vaulted ceiling and a large storage.
The two bedrooms are on the mezzanine level (currently the second bedroom is being used as a storage and dressing area) and underneath is the kitchen with a serving hatch into the living room and the white tiled shower room.
This landmark development was converted in the early 1990's and used to be a factory that treated seal furs.
Located in an area which has become one of London's most popular places to live and work due to the unique blend of residential and commercial premises mixed in with public outdoor spaces and the nearness of the River Thames, creating a village like feel on the doorsteps of the City.
This property is being sold with no onward chain, approximately 965-year lease remaining, £10 per annum ground rent and service charges are approximately £6,025 per annum.
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 Alaska Buildings, London
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