1-bedroom flat · DA17 6LE
For saleReduced £5k (−2.6%) on 3 AugListed 119 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market chain-free and sold with vacant possession upon completion, this well-proportioned ground floor apartment presents an excellent opportunity for first time buyers, downsizers and investors alike.
Positioned in a well-connected and increasingly popular pocket of Belvedere, the property offers a practical and efficient layout extending to approximately 447 sq.
Ft, comprising a bright reception room, a separate fitted kitchen, a double bedroom and a bathroom.
While perfectly habitable as it stands, the property offers excellent scope for cosmetic improvement, allowing an incoming purchaser to add their own style and potentially enhance value over time.
The location is a major selling point.
Both Belvedere and Erith stations are within easy reach, offering regular services into London, whilst nearby Abbey Wood provides access to the highly sought-after Elizabeth Line, significantly reducing journey times across the capital and to Canary Wharf.
Excellent local bus routes further enhance connectivity throughout the borough and surrounding areas.
Residents can enjoy a range of local amenities including supermarkets, independent shops, cafés and restaurants, with Belvedere Village, Nuxley Village and Erith Town Centre all within convenient reach.
The area continues to attract strong demand from both buyers and tenants thanks to its excellent transport links, affordability and ongoing regeneration.
Nearby parks and green open spaces provide an excellent balance to everyday life, making this a location that appeals to both lifestyle buyers and long-term investors alike.
Whether you are looking for your first step onto the property ladder, a low maintenance home in a convenient location, or a property with future potential, this apartment represents a strong and versatile opportunity in a sought-after South East London setting.
Disclaimer: Please note that some marketing photographs were taken prior to the current tenancy and are provided for illustrative purposes only, reflecting the property’s layout, space, and finish.
The current presentation of the property may differ. Tenure - Leasehold Lease Length - 125 years from and including 24 June 2017 Ground Rent - £175 p.a. Service Charge - £1,800 p.a.
Council Tax Band - C Energy Performance Rating - D
Value & comps
No previous sales on record.
Returns
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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 Flat 38, Parkside Lodge, 101, Erith Road, Belvedere
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