2-bedroom flat · SE20 8EU
For saleReduced £30k (−10.5%) on 21 JunListed 214 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Propertyworld presents this two bedroom purpose built flat, in need of modernisation. Situated on the top floor of an attractive low-rise building, the property is both bright and spacious.
The accommodation offers two generous sized bedrooms, a large lounge measuring in excess of 19ft by almost 13ft.
The kitchen comes with plenty of space for cooking and food preparation and a range of cupboards. The bathroom, W/c provides a three piece suite, inclusive of a bath.
Outside, to the rear of the building, is a well-maintained communal lawn offering a tranquil retreat in the heart of this vibrant area.
The property also benefits from a long lease and low service charges, making it an overall low cost running, home.
The property is within easy reach of an excellent range of amenities, including shops, cafes, restaurants, and outstanding transport links to Central London (Penge East and Penge West stations are close by) and beyond.
Crystal Palace Park is also a short walk away, whilst Crystal Palace and Beckenham centres can be reached easily offering even more dining and entertainment options.
With no onward chain, this is a great blank canvas project too.
A friendly block, with good neighbours and good transport links into central London both day and night, with Overground, National Rail and Night bus services all nearby.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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 10 Capel Court, 30, Melvin Road, Penge
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