2-bedroom flat · SE28 0JA
Sold STCListed 91 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a sought-after riverside development, this spacious two-bedroom first-floor apartment offers an exceptional opportunity for first-time buyers, professionals, and investors alike.
Located just moments from the picturesque River Thames, the property combines peaceful surroundings with excellent transport connections.
The apartment boasts two well-proportioned bedrooms, a generous living and dining area filled with natural light, a fitted kitchen, and a family bathroom.
The thoughtfully designed layout provides comfortable living space throughout, making it an ideal home for those seeking both convenience and tranquillity.
A standout feature of this property is the impressive 975-year lease, providing the benefits of a virtual freehold and offering long-term peace of mind.
Further benefits include an allocated private parking space, adding to the practicality and appeal of this fantastic home.
Perfectly positioned for commuters, the property enjoys easy access to Woolwich, where the Elizabeth Line and DLR provide fast and convenient connections into Canary Wharf, the City, and Central London.
A range of local amenities, riverside walks, shops, and green open spaces are all within easy reach.
Whether you're looking for your first home, a buy-to-let investment, or a peaceful riverside retreat with outstanding transport links, this superb apartment is not to be missed.
Council Tax Band: C Tenure: Leasehold (975 years) Ground Rent: £10 per year Service Charge: £1,846.56 per year
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 Miles Drive, London
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