1-bedroom flat · SE28 0PB
For saleReduced £5k (−1.8%) on 21 JunListed 441 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well presented, larger than average, one bedroom apartment (593sqft) with gated allocated garage parking space and long lease.
It is conveniently situated in a sought after modern development within easy reach of excellent transport links and amenities, with a lift for convenience and surrounding gardens.
The property offers bright and spacious accommodation with modern interiors and neutral finish throughout - ideal for first time or investment purchasers alike.
Features include a large open plan reception/kitchen/diner, bedroom with inbuilt wardrobe, modern bathroom, plentiful additional storage, 'Amtico' luxury vinyl tile flooring, gas central heating, double glazing and secure entry.
Accommodation comprises entrance hall with a utility closet, leading into the open plan dual aspect reception/kitchen/diner with ample space for both relaxing and dining.
There is an additional storage room.
The kitchen area comprises a modern range of matching wall and base units with work surfaces incorporating inset sink unit, gas hob with overhead extractor and electric oven below, and further space for appliances.
There is a well sized double bedroom with useful inbuilt wardrobe and space to accommodate home-working, plus a bathroom with white 3-piece suite.
Woolwich, Woolwich Arsenal and Plumstead stations offer unrivalled Elizabeth line, DLR and train mainline services for fast links to Central London, Canary Wharf and the City, with the Woolwich Ferry also within easy reach.
There are a variety of shops (including M&S, Gail's Bakery, Lidl, TKMaxx), restaurants, cafes and amenities within a short distance, such as theatres, leisure centre, markets.
The area is well served by good schools and open spaces. The area is under development with shops, services and spaces opening in 2025 and onwards.
To book a viewing instantly just visit our website or download our award-winning App. Lease Information We understand the lease on the property runs to May 2130.
All prospective purchasers are advised to make their own enquiries and verify this information with a solicitor.
Service Charges We understand the service charge on the property for 2024/2025 was £1,488 per annum, with ground rent of £200 per annum.
All prospective purchasers are advised to make their own enquiries and verify this information with a solicitor.
Property Ownership Information Tenure Leasehold Council Tax Band C Annual Ground Rent £200.00 Ground Rent Review Period No review period Annual Service Charge £1,488.00 Service Charge Review Period Every 1 year Lease End Date 28/05/2130 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer.
You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits.
Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 61/Long Acre House, Pettacre Close, London
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