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See how verdicts work2-bedroom flat · SE28 0BL
For saleReduced £25k (−7.7%) on 18 AugListed 103 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market chain free is this well presented two double bedroom, two bathroom ground floor apartment situated within a highly sought after development in West Thamesmead.
Conveniently located for access into Woolwich Elizabeth Line, DLR and mainline station.
The accommodation on offer comprises a 15ft reception room with wood laminate flooring and French doors opening onto the communal gardens.
There is an archway leading to the kitchen which is fitted with a range of wall and base units with complimentary work surfaces. Integrated oven, hob and filter hood with space for further appliances.
Bedroom one, 15ft x 10ft, has carpet as fitted, built in wardrobes and double glazed window.
This bedroom also benefits an en-suite shower room comprising a walk in shower cubicle, low level WC and wash hand basin.
Bedroom two, 14ft x 8ft, has carpet as fitted, built in wardrobes and double glazed window.
The family bathroom is fitted with a white three piece suite comprising a pedestal wash basin, low level WC and panelled bath with shower attachment.
The property also offers ample storage off of the hallway. Further benefits include allocated parking and gas central heating.
This development is close to the Royal Arsenal which is one of South East London’s up and coming areas is positioned within close proximity of the shopping amenities such as Marks & Spencer’s and Tesco Local supermarkets, licensed gastro pubs and restaurants, farmers market, dentist, medical centre and pharmacy.
For the busy commuter, you are spoilt with the fantastic transport facilities of Woolwich Arsenal DLR, Train Station and the Elizabeth Line station.
Additional services include, Uber Boat, Jubilee Line at North Greenwich Station, City Airport. This property makes an ideal home for the busy commuter and is an excellent investment opportunity.
Lease Information: Approx 113 years remaining Service Charge: Approx. £1389 Per Annum Ground Rent: Approx £200 Per Annum Council Tax Band: C Energy Efficiency Rating: C
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
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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
Agent & docs
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FAQ
About Flat 2, Eastgate House,, Allenby Road, Thamesmead
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