Studio flat · BR2 9SU
Let agreedListed 106 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A studio retirement apartment situated on the second floor. The accommodation includes hallway, lounge/bedroom, kitchen with fitted units and space for a freestanding cooker and fridge.
The bathroom has a shower enclosure. Sheridan Lodge is a Retirement development designed specifically for the over 60s who wish to enjoy independent living.
Communal facilities include a communal lounge where social events and activities take place, landscaped gardens, laundry room and if your guests wish to stay, there is guest suite accommodation which can be booked (fees apply).
24 hour emergency call system as well as the onsite Manager who oversees the development gives added peace of mind.
Situated close to Bromley town centre with a wide array of shops and restaurants, nearby transport links can be found at both Bromley South and North with fast services into London Victoria, London Bridge & Charing Cross, as well as easy links to Kent and the south coast.
Bromley is the happiest place to live in London according to 'The Happiest at Home' survey, conducted by Rightmove which used statistics based on locals responses to how safe they felt in the area, the community spirit and their level of satisfaction with local services such as doctors, schools, green spaces and cultural activities.
*Please note, furniture/electrical appliances maybe removed prior to a tenancy commencing and will not form part of the tenancy. *Service charge and ground rent is paid by the landlord.
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
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
FAQ
About 38, Sheridan Lodge, 12-18 Homesdale Road, Bromley
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