2-bedroom flat · BR4 0QT
For saleReduced £5k (−2.8%) on 20 AugListed 255 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Chain free EweMove Hayes and West Wickham are delighted to offer to the market this well-presented and rarely available two-bedroom ground floor retirement apartment, benefiting from a lease extension and situated within the popular Gable Lodge development on Beckenham Road.
The property is conveniently located close to West Wickham station, local bus routes and West Wickham High Street, offering easy access to shops, cafés and everyday amenities.
Gable Lodge was constructed by Global Homes Limited and comprises 25 apartments arranged over three floors, purpose built for retirement living.
The development benefits from a security door entry system, lift to all floors, a visiting Development Manager, and a 24/7 Appello emergency call system, providing reassurance and peace of mind for residents.
Internally, the apartment offers bright and well-proportioned accommodation comprising a generous living room boasting a dual aspect, a separate fitted kitchen, two bedrooms, with bedroom one benefiting from fitted wardrobes, and a bathroom.
Both the fitted kitchen and bathroom were updated by the previous owners with the kitchen boasting a range of wall, base and draw units while the bathroom has a walk in shower with disability seat.
Every room has a pull cord for emergency assistance.
Communal facilities include a residents' lounge with kitchen, a fully equipped communal laundry room, communal gardens, parking, and a guest suite available for visiting friends and family.
The residents enjoy regular organised get togethers and events within the communal areas and gardens. The gardens themselves are both well tended and mature and offer a relaxing outlook.
Prospective purchasers are advised that age criteria apply and should speak with our Property Consultant for further details.
Information regarding any Event Fees that may apply is also available upon request.
Leasehold Information: Lease: 139 years from 1984 Service Charge: £3,722.80 per annum Ground Rent: £120.00 per annum EweMove highly recommend your earliest viewing of this rarely available ground floor retirement apartment.
Value & comps
No previous sales on record.
Returns
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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 FLAT 7, GABLE LODGE, WEST WICKHAM
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