2-bedroom flat · SE15 5LB
For saleReduced £15k (−3.8%) on 7 OctListed 120 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £400,000 to £425,000 A well-proportioned two-bedroom apartment extending to approximately 620 sq ft (55.9 sq m), situated within an attractive gated purpose-built development and conveniently located within easy walking distance of Peckham Rye Station.
The accommodation comprises a spacious 15'5 x 13'9 open-plan kitchen/reception room, offering excellent space for both relaxing and entertaining.
The property benefits from two well-sized double bedrooms, including a principal bedroom measuring 11'10 x 10'1 with built-in storage, and a second double bedroom measuring 11'2 x 9'7.
A modern three-piece bathroom is positioned off the central hallway, which also provides additional storage space.
The development benefits from a secure code-entry system, providing residents with added peace of mind.
Further advantages include a dedicated parking space located within a secure gated area to the rear of the development.
Set on a quiet residential road with no through traffic, the property enjoys a peaceful setting while remaining exceptionally well connected.
Excellent transport links are within easy reach, and the area is popular with cyclists thanks to its established cycle routes.
Residents can also enjoy easy access to Burgess Park, Southwark's largest park, which is just a short walk away.
Offered to the market chain free, this property presents an excellent opportunity for first-time buyers, professionals and investors alike.
Offering well-balanced accommodation, excellent natural light and a highly convenient location, it is ideally positioned to enjoy all that the surrounding area has to offer.
Tenure: Leasehold Lease Length: 125 years from 1 January 2002 Ground Rent: £250 per annum Service Charge: £1,800 per annum Local Authority: Southwark Council Council Tax Band: C Energy Efficiency Rating: B
Value & comps
No previous sales on record.
Returns
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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 2, 49, Kelly Avenue, London
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