2-bedroom flat · DA8 1QR
For saleListed 154 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** guide price £270,000 - £280,000 ** Ground Floor 2 bedroom flat coming to market that is well positioned for Erith train station.
The flat benefits from river views, a private outside space, an allocated parking space and within convenient distanced to amenities Key terms Lease Term: 189 years from 03/06/2003 (to be verified by vendor’s solicitors) Unexpired Lease: 166 years remaining (to be verified by vendor's solicitors) Service Charge: Tbc (to be verified by vendor's solicitors) Ground Rent: Tbc (to be verified by vendor's solicitors) 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.
Entrance Hall (5' 6" x 12' 4" (1.68m x 3.76m)) Lounge (25' 4" x 12' 3" (7.72m x 3.73m)) Kitchen (8' 5" x 11' 7" (2.57m x 3.53m)) Bedroom 1 (17' 0" x 8' 7" (5.18m x 2.62m)) Bedroom 2 (9' 8" x 12' 0" (2.95m x 3.66m)) Bathroom (5' 6" x 8' 3" (1.68m x 2.51m)) Parking Allocated parking space & multiple visitor bays
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
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FAQ
About 28, Wharfside Close, Kent
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