How much is Flat 3, London?

The asking rent is £1,150 a month.

No floorplan from the agent

Flat 3, London, SE23 2UF

Studio flat · SE23 2UF

1,152 sq ft1 bath

Asking rent

£1,150/mo

Listing removedListed 68 days · slow let

Investor metrics

HMO Article 4 Direction AreaSmall HMO Northern Extension · C3 → C4 HMO conversion requires planning permission here

Opportunity summary

See Archie’s verdict, returns by strategy and what to check before viewing.

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About

The property

Sharpes Estates is delighted to present this spacious studio flat, conveniently situated just a short 5-minute stroll from Forest Hill station.

The property boasts a generously sized bedroom area, alongside a comfortable living room space perfect for relaxing after a long day.

The separate fitted kitchen includes all necessary white goods, while the tiled bathroom ensures both style and practicality.

This fantastic studio flat also offers direct access to a communal rear garden, providing a peaceful retreat right on your doorstep.

With the added bonus of free on-street parking, convenience is key in this desirable location.

Local amenities and supermarkets are just a brief 10-minute walk away, offering everything you need within arm's reach.

Forest Hill is a vibrant and thriving area, with a rich history and plenty to explore.

From its charming independent shops and cafes to its beautiful green spaces and parks, there is always something to see and do.

Nearby points of interest include the renowned Horniman Museum and Gardens, a popular local attraction showcasing a fascinating collection of exhibits and beautiful grounds.

Don't miss this opportunity to make this lovely studio flat your new home. Contact us now to arrange a viewing before this property gets snapped up. Available from 10th July 2024

Key information

Availability

Available now

Check availability with the agent

Floor area

1,152 sq ft (107 sq m)

Reception rooms

Council tax band

Band C

Estimated ~£1,600/year

Local authority

Lewisham

London Borough

County

Greater London Authority

Value & comps

How does the rent compare?

No previous sales on record.

Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.

Returns

What does it return?

Rent evidence

Rental benchmark

Nearby rental comparables

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Local SA Market

Short-let restrictions apply

Greater London: an entire home can be let short-term for at most 9090 short-let nights plus a mid-term let for the rest of the year.
England: a national short-term let register is being introduced; register the property before letting.

We're still gathering serviced-accommodation data for this area.

Model

Run the numbers.

Strategy: R2R · full calculator

R2R calculatorRent-to-rent SA + HMO strategies — occupancy, platform fees, profit

Investment Disclaimer

This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.

All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.

Past performance does not guarantee future results. Tax implications vary by individual circumstances.

Deal

Is it a deal?

Archie’s verdict

Archie has scored this property.

Article 4HMO Article 4 applies

HMO Conversion Potential

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.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

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.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

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.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

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.