2-bedroom flat · BR5 3FN
For saleReduced £25k (−10%) on 18 SepListed 94 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** guide price £270,000 - £290,000 ** Within easy reach of st mary cray station and nugent park, this chain free first floor flat set within a popular gated development benefits from underground allocated parking and private balcony.
* central heating & double glazing * neutral decor * private balcony * open plan living * allocated parking * long lease * Exterior Communal Gardens. Allocated Gated Parking.
Key terms Original Lease Term: 125 years from 2014 Unexpired Lease: Approx 114 years Current Ground Rent: Approx £300.00 per annum Next Ground Rent review date: Tbc Current Service Charge: Approx £191.66 per month Please note these charges may be subject to reviews and should be verified by your solicitor.
The property is situated close to the Nugent Park Shopping Centre, local shops, bus routes and is also a short walk to St Mary Cray Station with links into London. Communal Entrance: Security door.
Lift access and stairs to all floors. Private Entrance Hall: Front door. Entry phone system. Built in storage cupboard with plumbing for washing machine. Radiator and wood laminate flooring.
Open Plan Living: (14' 4" x 14' 3" (4.37m x 4.34m)) Lounge Area: Two radiators and wood laminate flooring. Double glazed window to front.
Double glazed French doors opening onto:- Private Balcony: With space for table and chairs. Wood decking.
Kitchen Area: Fitted with a modern range of gloss wall and base units with contrasting work surfaces. Zanussi appliances including a four ring gas hob, an integrated fridge/freezer and dishwasher.
Indesit integrated electric oven. Stainless steel splash back and extractor hood. Stainless steel sink unit and drainer with mixer tap. Double glazed window to side.
Bedroom 1: (12' 7" x 9' 0" (3.84m x 2.74m)) (Maximum dimensions). Double glazed window to front, built in wardrobe, radiator and fitted carpet.
Bedroom 2: (10' 7" x 8' 11" (3.23m x 2.72m)) (Maximum dimensions). Double glazed window to front, radiator and fitted carpet.
Bathroom: Fitted with a matching three piece suite in white with contrasting chrome fittings, comprising panelled bath with shower attachment and glass shower screen, wash hand basin and wc.
Double glazed opaque window to front. Chrome heated towel rail and tiled flooring.
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.
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FAQ
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