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See how verdicts work2-bedroom flat · SE23 3TD
For saleListed 44 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set on a leafy, well-loved residential road between Honor Oak Park and Forest Hill, this beautifully proportioned 2 bedroom + study, ground floor conversion flat that offers a rare combination of period charm, flexible living space and a genuinely lovely garden, all with the security of a share of freehold and 963 years remaining on the lease.
The flat has been a happy home for its current owner for 25 years, and it shows: This is a well-cared-for property with a warm, settled feel.
A bright reception room with high ceilings and period detailing sits at the heart of the flat, opening through to a kitchen with plenty of storage.
The principal bedroom is a generous double with fitted wardrobes, while two further rooms offer real flexibility, ideal as a second bedroom and a study or kids bedrooms, depending on what a new owner needs.
A smartly finished shower room with underfloor heating completes the accommodation, having been fully rebuilt in 2019 with a new ceiling, floor and fully tiled, tanked walls.
Outside, the real surprise of this flat is the garden.
Long and green, it's shared with the friendly neighbours upstairs (who are also the joint freeholders), and offers a peaceful spot to sit out, with a private paved patio area near the flat giving way to a lawn beyond, perfect for warm summer evenings, growing your own, or simply enjoying a bit of outside space that's hard to come by in London.
The flat has been well maintained throughout, the roof was fully replaced around 2018 and still carries the remainder of its 15-year guarantee, the boiler is serviced annually under British Gas Homecare, and the consumer unit was upgraded in 2017.
Windows throughout are white UPVC double glazing, with the front sash windows replaced in 2020.
With no management company or ongoing service charge, the two flats simply share the maintenance of the building and garden between them - the current owner describes wonderfully easy, friendly relations with both sets of neighbours and a genuine sense of community on the street, right down to an annual street party.
This is a home that's ready to move into, with scope to update the kitchen to your own taste when the time comes and represents an excellent opportunity for a buyer seeking space, character and a garden in this popular corner of SE23.
Dunoon Road sits in one of SE23's most popular residential pockets, conveniently placed between Honor Oak Park and Forest Hill stations, Honor Oak Park being the slightly closer of the two.
Both stations offer fast, frequent services into central London, including London Bridge in around 15 minutes.
The area is well known for its strong sense of community, independent shops and cafés, and excellent green spaces, including nearby Horniman Museum & Gardens and One Tree Hill.
Local schools are well regarded, and the neighbourhood has become a firm favourite with families and professionals alike. Council tax band 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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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 3b, Dunoon Road, London
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