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See how verdicts work2-bedroom flat · SE18 6ZF
For saleReduced £75k (−13.6%) on 21 JunListed 387 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*guide price £550,000-£575,000* John Payne are pleased to bring to the SE18 market this two bedroom Grade II listed apartment in the heart of the renowned Royal Arsenal.
Located only seconds away from the Elizabeth Line and the fantastic amenities of Woolwich this property is not to be missed.
The property comprises: Two double bedrooms, the master with built in wardrobes and Juliette balcony.
There is a spacious 34ft open plan kitchen/living room with a modern fully integrated high spec white kitchen to include a full-size dishwasher.
There is a storage cupboard for utilities and a modern three-piece bathroom to complete the apartment.
The apartment has access to The Waterside Club which includes a resident only gym with state-of-the-art fitness equipment, vitality spa pool and a 20-metre swimming pool, sauna and steam room, treatment rooms, private cinema, and 24-hour concierge and security.
There are a number of residents' sports societies and the Thames Path provides running (Park Run starts 2 minutes away every Saturday morning) and cycling routes to Greenwich & London Bridge, or, alternatively, out to Kent.
The Royal Arsenal functioned for nearly 500 years, manufacturing weapons, large firearms and tanks, as well as supplying ammunition and other armaments.
A small Gunwharf was established in Woolwich in July 1518 for the equipping of newly constructed warships.
Since then, Berkeley Homes have redeveloped the Arsenal converting old armouries into beautiful properties making this the perfect place to live.
Plenty of amenities are at your doorstep in Royal Arsenal.
From gastro pubs (Dial Arch, Guard House, Salt) to cafes (Jade Boulangerie, Denna's), to gyms (the Yoga Space, 7R CrossFit gym), to the new cultural centres of Woolwich Works and Punch Drunk, it's the perfect place to set down roots.
This one is not to be missed, call us now on to book your viewing today!
Lease Length – 992 Years Remaining Service Charge - £4,535.55 pa Ground Rent - £425 pa Royal Borough of Greenwich - Tax Band D Energy Efficiency Rating B
Value & comps
No previous sales on record.
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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 starting price
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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.
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FAQ
About Flat 102, Barracks Court, 23, Major Draper Street, London
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