2-bedroom flat · SE18 6NQ
For saleReduced £25k (−4.2%) on 21 JunListed 521 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description 2 bedrooms 1 bathrooms on the 15th floor current tenanted units Nov 2026, rental income at £2250 per calendar month excluding bills.
The apartment offers a large open plan living room kitchen which opens to a large terrace overlooking the city.
The dual-aspect windows offer plenty of natural light and the two bedrooms are well proportioned to accommodate either a modern family or sharers.
The development further offers a concierge service and luxurious leisure facilities including a swimming pool and spa plus a gymnasium.
Here, residents can relax in peaceful surroundings exclusively for those living at West Quay. Raised above the surrounding walkways, these grounds are private spaces where nature thrives.
The site offers unique coffee shops, supermarkets, and a pharmacy. Woolwich Arsenal Station is close by and offers easy access to Central London.
Council Tax Band: D (Royal Borough of Greenwich) Tenure: Leasehold (991 years) Ground Rent: £425 per year Service Charge: £3,300 per year Term : 999 years from 1 January 2017
Value & comps
No previous sales on record.
Returns
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Short-let restrictions apply
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 Flat 1502, Deveraux House, London
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