2-bedroom flat · SE20 7NS
For saleReduced £50k (−14.3%) on 21 JunListed 259 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A bright and well-presented 2 bedroom apartment boasts a spacious reception room, separate modern kitchen and large master bedroom with comfortable 2nd bedroom set in a quiet residential block.
Somerville Road is situated a short distance from a wide range of shops and eateries within Penge and Kent House station for transport links.
Close to the open space of Crystal Palace Park and Cator Park. Please use the reference CHPK1249975 when contacting Foxtons.
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 Somerville Road, Penge
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