2-bedroom flat · SE16 6QN
For saleReduced £15k (−4%) on 22 OctListed 50 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A triple-aspect, first-floor maisonette, located in a quiet residential area, close to stations.
It has an open plan living area, its own entrance, loft access, an allocated parking space and an extended lease. Chain free. This home has been freshly redecorated with new carpets fitted.
Other notable features include a modern combi gas boiler powering the central heating, double glazing, useful hallway storage, superfast broadband is availability through Hyperoptic.
The loft space is not demised. This home is located on the Rotherhithe peninsula by Russia Dock Woodland and within the Redriff Primary School catchment.
There are excellent transport links available including buses, river boat services, London Overground as well as the Tube, providing fast access to Canary Wharf, London Bridge, the City and West End.
The nearest stations are Canada Water (Jubilee Line and Overground) and Surrey Quays (London Overground).
You will find plenty to do in the immediate area including a visit to the nearby Surrey Docks Farm, lunch at one of the numerous family friendly pubs, a run around Greenland Dock or a pleasant stroll through the woodland and along the Thames Path.
The property is benefitting from the significant investment in the area, including the underway £5.6 billion, 53-acre Canada Water Masterplan, with London’s first new high street in over a century.
Additionally, a new electric ferry service has recently launched, providing six crossings per hour for pedestrians and cyclists between Rotherhithe and Canary Wharf. Leasehold.
The service charge is approximately £2,806.80 per annum. There is no ground rent to pay and the extended lease has 151 years remaining. Southwark Council Tax Band: C.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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 11, Somerford Way, London
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