3-bedroom flat · SE3 8BS
For saleReduced £25k (−4.3%) on 21 JunListed 494 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide price £575,000 - £600,000 Exceptional three bedroom, two bathroom, ground floor Victorian conversion flat with large private South facing terrace, shared garden, and off street parking, with potential to extend and planning already approved, being sold chain free!
Measuring almost 1100sqft internally you have a large primary bedroom with bespoke built in wardrobes the whole length of the wall, ensuite shower room, utility room, double bedroom, family bathroom with ‘His&Hers’ sinks, double bedroom with built in wardrobe and an expansive kitchen/living/diner which is fully fitted and creates a sociable space for families or great for entraining and direct access out to a large private terrace which faces to the South, capturing sun all day and overlooks the well maintained shared garden.
Additional benefits include, wooden engineered flooring, gas central heating, double glazed windows, great storage, residents parking and bike storage.
A buyer can take advantage of the approved planning for a single storey extension on the large terrace and still retain ample private outdoor space.
To find out more details please visit the web page below via the link provided.
The property is located close to the Heath and 1 mile from Blackheath Village with its array of restaurants, bars, boutique shops and farmer’s market.
The daily conveniences of Blackheath Standard are only 570 metres away including an M&S Simply Food. The fabulous Royal Greenwich Park is just 0.9 miles with Greenwich town centre beyond.
Greenwich maintains a quaint rural village feel and is steeped in history with the old Royal Naval hospital, the Royal Observatory, the National Maritime Museum, and the spectacularly restored Cutty Sark.
Greenwich's covered market is one of London’s best and attracts people from all over the capital.
There are superb transport links with Blackheath Station giving access to London Bridge, Charing Cross, and Victoria amongst others.
The O2 arena is close by with the DLR, Elizabeth Line, bus, riverboat, foot tunnel and cable car all within easy reach; and Canary Wharf, the city, and central London are just minutes away via the Jubilee Line at North Greenwich - just one of the reasons why it's increasingly popular with professionals and commuters.
Leasehold 125 Years | Service Charge £3,159 pa | Ground Rent £100 pa
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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.
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FAQ
About Flat 1, 24, Hervey Road, Blackheath
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