2-bedroom flat · DA8 2FU
Sold STCListed 86 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** GUIDE PRICE £250,000 - £260,000 ** This beautifully positioned two-bedroom apartment offers an excellent opportunity for first-time buyers looking to step onto the property ladder and create a home that is entirely their own.
Set within a relatively modern and well-established residential development, the property offers a well-balanced combination of space, convenience and lifestyle appeal, with approximately 721 sq ft of accommodation, a private balcony, parking available and the significant advantage of being offered chain free.
Inside, the apartment provides a welcoming entrance hall, a generous open-plan kitchen and reception room, two well-proportioned bedrooms, a principal bedroom with en-suite facilities and a separate family bathroom.
The open-plan living space is particularly appealing, providing the flexibility to create defined areas for relaxing, dining, working from home and entertaining, while the private balcony adds valuable outdoor space.
The real strength of this home, however, is its location. Erith offers an increasingly popular blend of established community living, everyday convenience and improving connectivity.
Erith town centre provides a range of shops, cafés, restaurants and essential amenities, while the nearby Thames Path and surrounding green spaces offer opportunities to escape the pace of everyday life and enjoy the riverside setting.
For commuters, Slade Green Station provides direct Southeastern services towards London, while Abbey Wood Station is also within convenient reach, providing access to the highly sought-after Elizabeth Line and significantly improved connectivity towards Canary Wharf, the City and central London.
A strong network of local bus routes, including the 229, 602 and 669, further connects the area with Abbey Wood, Belvedere, Bexleyheath, Barnehurst, Thamesmead and surrounding destinations.
The area is also well served by a selection of schools, including Lime Wood Primary School, St Fidelis Catholic Primary School, Christ Church Erith CofE Primary School and Trinity Church of England School, with further well-regarded schools available across the wider Bexley borough.
There is also a wider story to the area.
Salde Green, Erith, Abbey Wood and the surrounding Thames Gateway continue to benefit from significant investment, new housing, improving infrastructure and ongoing regeneration.
The continued growth and investment around Abbey Wood, together with the transformational impact of the Elizabeth Line, has strengthened the area's appeal to both homeowners and investors, while the local community continues to evolve.
For a first-time buyer, this is the type of property that offers more than simply a place to live.
It provides the opportunity to establish your own space, furnish and style it around your lifestyle, enjoy the benefits of a well-connected location and put your own stamp on a home that can grow with you.
Chain free, well proportioned and ideally positioned, this is a smart first step onto the property ladder in an area with an increasingly positive long-term outlook.
Leasehold: 125 years from 24th June 2020 (119 Years Remaining) Service Charge - £1,400 PA Ground Rent - £145 PA London Borough of Bexley - Council Tax Band - C Energy Efficiency Rating - C
Value & comps
No previous sales on record.
Returns
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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
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About Sayers Way, Erith
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