We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · SE28 0EQ
Sold STCReduced £15k (−8.3%) on 8 SepListed 132 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Chain Free 1 Bed Ground Floor Flat + Parking For 2 - Walk To Woolwich, Elizabeth Line & DLR - Se28 Guide price £180,000 - £190,000.
A ground floor one bedroom flat with parking for two, a long lease, and Woolwich on your doorstep.
This one bedroom ground floor flat is in excellent condition , offered chain free , and sits just one street back from the energy of Woolwich Arsenal – with its bars, cafés, restaurants and the riverside.
Originally a studio and now converted into a one bedroom home, the layout works well for day-to-day living, with a separate sleeping space and a modern finish throughout.
It’s the sort of property that suits first-time buyers and investors who want something low hassle in a location with serious transport options. Parking is a big bonus here too.
The flat comes with allocated parking with space for two vehicles , which is rare in this part of London and makes a real difference.
For commuting, you’re around 0.7 miles from Woolwich Arsenal for DLR and National Rail , with Woolwich Station also within roughly 15 minutes’ walk for the Elizabeth Line Add the Thames Clipper from Woolwich Arsenal Pier, and you’ve got options depending on how you like to travel.
Overall, this is a smart, chain free, one bed with rare parking and strong transport links – in a location that keeps getting better. Book your viewing today.
For room sizes and layout information - please refer to floor plan. Additional information: Tenure: Leasehold. Lease term remaining: 953 Years. Service charge: £1,837.06 Per annum.
Ground rent: £tbc Includes building insurance Tenure Leasehold. Council tax Royal Borough of Greenwich - Band A (£1,405.24 - 2026/27).
Commuting Woolwich & Woolwich Arsenal Stations for Thameslink, Elizabeth Line & DLR are located approximately 15 - 18 mins walk from the property and can be accessed via Bus routes 244 or 380.
Parking One allocated parking space plus visitor parking. Buy to let information: We believe the current rental value to be in the region of £1,150pcm.
The property provides a gross yield of approx 7.4%. Anti money laundering procedure: Once your offer is agreed, we carry out a quick id & aml check through our secure system.
The fee is £60 per buyer. It is a standard compliance step and we do it for every purchaser so that the seller knows all parties are properly verified.
Once done, we can mark the property as sstc and move everything forward.
Ai disclosure: Some images were changed using ai to illustrate the property’s potential, these images are clearly marked as ai generated.
Furniture and decor are digitally added for illustrative purposes and are not included in the sale. Some images include digital enhancements to show possible renovations.
Original photos are available for comparison. Disclaimer: Please Note: All measurements are approximate and are taken at the widest points.
They should not be used for the purchase of furnishings, floor coverings etc.
Please also note that The Property Cloud have not seen any paperwork relating to any building works that may have been carried out within this property, nor have we tried or tested any appliances or services.
These particulars do not form part of any contract. Floor plans, Videos & Photographs, whether enhanced or not, are for general guidance only.
Whilst we do attempt to ensure the accuracy of these particulars, we would strongly recommend that the information which we provide about the property, including material information, overall square footage, distances, leasehold information or guidance on rental values for example, are verified by yourselves upon inspection and also by your solicitor before legal commitment to the purchase.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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
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
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FAQ
About 23, Garrick Drive, London
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