1-bedroom flat · DA8 1QW
For saleReduced £20k (−16.7%) on 6 OctListed 78 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide price £120,000- £130,000 Over 55s third floor 1 bedroom flat coming to market offering a modern bathroom, spacious living area and acess to communal lounges within the building.
Key terms Unexpired Lease: 99 years (to be verified by vendor's solicitor) Ground Rent: Tbc (to be verified by vendor's solicitor) Service Charge: Tbc (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.
Erith is prominently positioned as an ideal location offering transport links to Abbey Wood Station for the Elizabeth Line with direct trains to London & Heathrow.
Reception Room (23' 6" x 10' 5" (7.16m x 3.18m)) Kitchen (8' 0" x 7' 6" (2.44m x 2.29m)) Bedroom (15' 9" x 9' 5" (4.8m x 2.87m)) Shower Room Parking Residents parking at first come first serve basis Communal Gardens Communal Lounges Communal Launderette
Value & comps
No previous sales on record.
Returns
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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 52, Watersedge Court, 1, Wharfside Close, Erith
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