2-bedroom flat · SE28 0GB
For saleListed 98 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in a quiet cul-de-sac on the ever-popular Erebus Drive, SE28, just moments from the River Thames and picturesque Thames Path, this two-bedroom first-floor apartment offers an excellent opportunity for first-time buyers and investors alike.
Set within a modern purpose-built development, the property offers well-proportioned accommodation throughout.
Internally, the property comprises two good-sized bedrooms, a bright and spacious lounge/diner with access to a private balcony, a separate kitchen, and a bathroom.
While the apartment would benefit from some cosmetic modernisation, it offers fantastic potential for purchasers looking to create a home to their own taste or add value to an investment property.
The location provides the perfect balance of tranquillity and convenience.
Situated close to the Thames waterfront, residents can enjoy riverside walks while remaining within easy reach of local amenities and transport links.
Woolwich town centre offers an excellent selection of shops, supermarkets, restaurants and leisure facilities, while Woolwich Elizabeth Line Station provides fast and convenient connections to Canary Wharf, the City, the West End and Heathrow Airport.
Numerous bus routes also serve the surrounding areas. Offering strong potential in a desirable riverside location.
Council Tax Band: C (Royal Borough of Greenwich) Service Charge: £1,956 per annum Ground Rent: £100 Per annum
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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 5, Erebus Drive, London
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