2-bedroom flat · SE20 8TW
For saleListed 15 daysAuction 28 Oct · in 6 days
Opportunity summary
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About
Two-bedroom, self-contained flat occupying the ground floor Positioned within a quiet residential pocket in Anerley, South East London.
The accommodation comprises an entrance hallway, a generous lounge with patio doors leading to the rear garden, a separate kitchen accessed from the lounge room, two double bedrooms and a bathroom.
Requiring refurbishment and modernisation throughout, the flat presents an attractive prospect for a buyer seeking a renovation project with scope to add value.
Externally, the property benefits from a rear garden, providing valuable outdoor space, together with on-street parking available.
The flat is held on a short lease with approximately 28 years remaining, making it particularly suited to cash buyers, investors or purchasers with experience of short-lease properties.
Prospective buyers are advised to make their own enquiries regarding the lease prior to proceeding. An internal inspection is recommended to appreciate the accommodation its potential.
Council Tax Band C. Cranleigh Close is situated within the popular Anerley/Penge area of South East London, providing convenient access to a range of local amenities, green spaces and transport links.
Everyday shopping is well catered for, with local shops and supermarkets nearby, while Penge High Street offers a wider selection of shops, cafés, restaurants and other services.
The property is also well placed for enjoying the area's green spaces, including Betts Park and the extensive open space of Crystal Palace Park.
For commuters, Anerley railway station is approximately 0.4 km away, with Penge West station around 1.1 km and Birkbeck station approximately 0.9 km from the property, providing access to the wider South London rail and Overground network.
There are also a number of local bus services within easy reach, while road connections include Anerley Road and Croydon Road, providing convenient access towards Crystal Palace, Penge, Beckenham and surrounding areas.
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Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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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FAQ
About 3 Cranleigh Close, London
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