3-bedroom flat · SE16 4BG
For saleReduced £5k (−1.3%) on 1 AugListed 531 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***guide price £400,000 - £425,000*** A generous three bedroom apartment, located in a private period building a short walk away from Bermondsey Underground station and on the doorstep of Southwark Park.
The apartment boasts a spacious reception room, separate well-kept kitchen, three double bedrooms and a tidy family bathroom. Additional storage can be found in the hallway.
The property is surrounded by a plethora of local amenities such as independent cafes, restaurants, supermarket, gym, bars; as well as boasting excellent transport links to central London.
Iconic Bermondsey Beer Mile, Spa Terminus and Maltby Street markets, as well as Shad Thames are within walking distance.
Council Tax Band C 99 years left on lease Annual Service charge: £3076.36 Annual Ground Rent: £75 Council tax and, where applicable, lease information, service charges, ground rent, property size, are given as a guide only and should always be checked and confirmed by your Solicitor prior to exchange of contracts.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 16 Millstream House, Jamaica Road, London
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