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See how verdicts work1-bedroom flat · SE14 5RZ
For saleReduced £20k (−8%) on 1 OctListed 81 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £250,000 to £265,000 Offered to the market chain free, this well-proportioned one-bedroom ground floor apartment presents an excellent opportunity for first-time buyers and investors alike.
With approximately 496 sq ft (46 sq m) of accommodation, a private parking space and a 151-year lease, the property is ready to move straight into while offering the perfect blank canvas for a purchaser to make it their own.
The accommodation comprises a bright and spacious reception room with ample space for both living and dining, a separate fitted kitchen, a generous double bedroom with built-in storage, a bathroom and a welcoming entrance hall.
Decorated in neutral tones throughout, the apartment has been well maintained and offers buyers the chance to add their own style and personality over time.
Further benefits include an allocated off-street parking space, no onward chain and a long lease, making this an attractive and practical purchase for those seeking a straightforward move.
Grantley House is conveniently located on Myers Lane, within easy reach of New Cross, New Cross Gate and Deptford, where a wide range of shops, cafés, restaurants and everyday amenities can be found.
Excellent transport links, including National Rail, the London Overground and DLR services nearby, provide easy access into London Bridge, Canary Wharf, the City and beyond.
The area continues to grow in popularity thanks to its vibrant community, excellent connectivity and proximity to Greenwich and the green open spaces of Telegraph Hill Park.
Tenure Leasehold Lease Length: From 29th February 2016 to 24th December 2178 (152 Years Remaining) Ground Rent Peppercorn pa Service Charge £2,095 pa Local Authority Lewisham Council Tax Band B Energy Efficiency Rating D
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.
Area
Agent & docs
FAQ
About Flat 1, Grantley House, 11, Myers Lane, London
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