Frobisher Road, Erith, DA8 2PQ

Studio flat · DA8 2PQ

1 bathNo Onward Chain · Cash Buyers Only · 67 Years on Lease

Asking

£100,000

Cash buyers only

Listing removedListed 239 days

Chain freeCash onlyCharacter

Investor metrics

HMO Article 4 Direction AreaLondon Borough of Bexley Article 4 Direction (2016) · C3 → C4 HMO conversion requires planning permission here

Opportunity summary

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About

The property

***GUIDE PRICE £100,000 to £110,000*** Available to Cash buyers only is this 2nd Floor studio apartment with a 67 Year Lease remaining.

Well located for transport links and amenities this is an ideal first time/ investment purchase.

Key Terms Unexpired Term: 65 years remaining (to be verified by vendor's solicitor) Service Charge: £1071 annually (to be verified by vendor's solicitor) Ground Rent: £112 annually (to be verified by vendor's solicitor) 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. Lounge/ Bedroom   17' 1" x 13' 0" (5.2m x 3.96m) Kitchen   6' 9" x 6' 3" (2.06m x 1.9m) Bathroom   4' 5" x 6' 3" (1.35m x 1.9m)

Chain free

Cash only

Character

Key information

Council tax band

Band B

Estimated ~£1,400/year

Tenure

Leasehold

Local authority

Bexley

London Borough

County

Greater London Authority

Property features

No Onward Chain
Cash Buyers Only
67 Years on Lease
Residents Parking
2nd Floor Studio Flat
Popular Developments

Value & comps

What is it worth?

No previous sales on record.

Comparable salesNo comps yet

No comparable sales matched this property yet.

Returns

What does it return?

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Rent evidence

Rental benchmark

Nearby rental comparables

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Local SA Market

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Archie refurb estimate: a Pro feature

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0.0% below asking

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Investment calculatorBTL · BRRR · HMO · Flip · SA · R2R — editable inputs, saved scenarios

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This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.

All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.

Past performance does not guarantee future results. Tax implications vary by individual circumstances.

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Deal

Is it a deal?

Archie’s verdict

Archie has scored this property.

Deal score · weighted

Weak signals — move on

Factor breakdown

BMV discountNot calculated, and not zero — there is no value estimate for this property to discount against.

0/25

Yield potential—

0/25

Motivation signalsNot enough data

0/25

Days on market239 days · price-fatigue

25/25

—

Seller motivation

Not scored yet

Days on market239

Price reduction—

STC fall-through—

Back to market—

Agency change—

EPC rating—

Listing timeline

First listedListed at £100,00026 Feb 2026

Still activeDay 239 on marketToday

Strategy fit

No strategy scores available yet.

Article 4HMO Article 4 applies

HMO Conversion Potential

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.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

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.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

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.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

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.