2-bedroom flat · DA8 3ET
Sold STCListed 252 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Coming to market at a 35% SHARED OWNERSHIP is this well presented 4th floor 2 bed flat. Boasting a private balcony, open plan living and residents parking.
Well located for Zone 6 stations, transport links and amenities. An ideal first time buy.
Key Terms Unexpired Lease: 115 years remaining (to be verified vendors solicitors) Service Charge: £183.11 per month (to be verified vendors solicitors).
Ground Rent: £12.50 (to be verified vendors solicitors) Rent: £398.35 per month (to be verified vendors solicitors) Erith & Northumberland Heath are adjacent neighbourhoods enjoying close proximity to Bexley borough’s main thoroughfare, Bexleyheath Broadway.
Firmly residential, Northumberland Heath is a quiet enclave with some charming Victorian properties and a small village-like centre.
Erith is a larger town that has undergone rejuvenation in recent years, with a revamped town centre, a waterfront setting (home to London’s longest pier) and an ambitious house building programme.
Don’t miss the annual Erith Riverside Festival.
Open Plan Kitchen/Diner/Lounge 24' 2" x 18' 10" (7.37m x 5.74m) Bedroom 1 14' 9" x 10' 5" (4.5m x 3.18m) Bedroom 2 13' 2" x 9' 4" (4.01m x 2.84m) Bathroom 7' 4" x 6' 5" (2.24m x 1.96m) Balcony Residents Parking
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 Talbot Place, Callender Road, Erith, Kent, DA8
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