2-bedroom flat · SE20 8FB
For saleListed 280 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Southern Housing are pleased to present the opportunity to purchase this great 3rd floor, 2-bedroom apartment in Penge, Bromley.
An amazing suburban area of South East London, with a flurry of amazing local parks, cafés and coffeeshops to enjoy. A peaceful area within London, and great home.
Enjoy a generous open-plan kitchen, dining and sitting area, perfect for modern living. Benefit from ample storage in the hallway and a well-appointed family bathroom.
The property also benefits from an allocated parking space and a secure bike shed.
Full Market Value: £295,000 50% at £147,500 Rent: 448.21 Service charges: £225.44 Council Tax Band C Lease Term 990 Years The property is situated near amenities and transport links includes Anerley, Crystal Palace and Norwood Junction Penge is an area that benefits from a number of amazing local parks such as Betts Park, Crystal Palace Park and Cator Park only moments away from your new home.
Located less than a 5 minute drive away from your property you'll find a large Aldi, just further up the road there is also a Sainsbury's ensuring that all of your grocery needs are met.
Crystal Palace Park Road (A234), home to a number of high street businesses such as Specsavers, Pharmacies, Banks and More ensuring to cater for almost all needs.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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 28 Austen Apartments 1 Weighton Road, SE20 8FB
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