1-bedroom flat · DA8 1YD
Listing removedListed 39 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*new carpets being fitted and being prorfessional clean* Available for immediate occupation is this first floor, one bedroom apartment, with allocated parking to the rear.
The Kitchen includes an Oven, Fridge Freezer and Washing Machine. The bedroom benefits from wardrobes. Entry phone system.
Located just a short walk away to Northumberland Heath High Street and regular bus links.
Additional Information Lease Term: 125 years from 1996 (to be confirmed by vendor's solicitor) Unexpired Lease: 95 years (to be confirmed by vendor's solicitor) Service Charge: £2200 per annum (to be confirmed by vendor's solicitor) Ground Rent: Tbc (to be confirmed by vendor's solicitor) Erith & Northumberland Heath are adjacent neighbourhoods enjoying close proximity to Bexley borough’s main thoroughfare, Bexleyheath Broadway.
Firmly residential, Northumberland Heath is a quiet enclave with some charming Victorian properties and a small village-like centre.
Erith is a larger town that has undergone rejuvenation in recent years, with a revamped town centre, a waterfront setting (home to London’s longest pier) and an ambitious house building programme.
Don’t miss the annual Erith Riverside Festival. Please request a copy of our Tenant Guidance Notes that outline the procedures and costs relating to completing a typical tenancy with us
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About 16, Byron Drive, Northumberland Heath
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