Studio flat · SE25 4AP
Sold STCListed 315 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GUIDE PRICE £170,000 - £175,000 A modern, purpose-built studio flat located on the first floor in the desirable Norwood Lake area.
The property, though in need of some "TLC," offers considerable potential for improvement. A new front door will be installed at the vendor's expense.
The flat is bright and airy, with full-length windows that overlook shared lawns at the rear.
Additional features include an entry phone security system, access to shared lawns, and the inclusion of a private garage (additional information is held on our files - please ask for details).
The property is chain-free, and keys are available for immediate viewing.
Transportation links are excellent, with Norwood Junction BR/Overground Station offering frequent train services to London, along with nearby bus routes and the tram link at Harrington Road.
Given the competitive pricing, early viewing is highly recommended.
Tenure: Leasehold Lease term: 999 years from 29th September 1976 , Service charge: £800.00 29/09/24 - 28/03/25 (plus £250.00 reserve fund) Ground rent: EPC Rating: E - Croydon Council Tax Band: A, Water meter at property We carry out best endeavours to make our marketing material accurate and reliable, however they do not form part of any contract and is not form part of any contract and is not to be relied upon.
Any buyers are advised to seek verification from their solicitor or surveyor. For broadband and mobile phone coverage at the property in question please visit:
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 Lancaster Road, South Norwood
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