2-bedroom flat · SE19 1BW
For saleReduced £50k (−16.7%) on 4 SepListed 164 days
Opportunity summary
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About
A light and bright third floor apartment moments from the Crystal Palace Triangle with a separate kitchen and outside communal area.
Description This well presented third floor apartment is an ideal first home or investment opportunity.
The accommodation includes a generous living and dining room looking over the balcony, a separate kitchen, two bedrooms and a modern bathroom.
Large double windows bring in fresh air and the outside communal area offers green space.
Situated close to the vibrant Crystal Palace Triangle and rail links at Gipsy Hill and Crystal Palace, the home awaits a new owner’s finishing touches.
• Two bedroom third floor home ready for a first time or investment buyer • Well proportioned living and dining room with wide window and outlook over the balcony • Communal area with mature trees and fencing • Separate kitchen with white units, dark work tops and integrated oven • Conveniently located for shops, cafés and rail links at the Crystal Palace Triangle The kitchen Opening off the living and dining room, the kitchen is designed for efficient meal preparation.
White wall and base cabinets are paired with dark work surfaces and there is an integrated oven with electric hob and extractor.
A stainless steel sink with drainer is set against tiled splashbacks, with space for further appliances.
The living and dining room Acting as the social heart of the home, the living and dining room provides space for relaxing and entertaining.
A wide casement window overlooks the balcony and a broad opening links the room to the kitchen, while a radiator sits beneath the window and there is ample floor space for furniture.
The primary bedroom The primary bedroom provides a calm space for rest. A broad double glazed window with fitted blind provides natural light.
The room comfortably accommodates a double bed with ample floor area for wardrobes or bedside furniture.
The second bedroom The second bedroom offers versatility as a guest room, child’s room or study. The layout suits a single bed or desk, creating a flexible space for sleeping or working.
The bathroom The bathroom serves the home with a contemporary three piece suite.
It comprises a panelled bath with overhead rainfall shower and hinged glazed screen, a wall mounted wash basin and a close coupled WC.
Tiled walls, an extractor fan and a heated towel rail complete the room.
The communal area Residents have access to an outside communal area with a backdrop of mature trees and shrubs, and is enclosed by timber fencing for added privacy.
Agent Note Leasehold Information: Approximately 101 years remaining on the lease (125 years from 25 December 2002).
Ground rent is £600 per annum and the current service charge is approximately £1,200 per annum. Location Central Hill enjoys a convenient position close to the eclectic Crystal Palace Triangle.
The nearby Triangle offers a mix of independent shops, cafés, restaurants, galleries and leisure facilities.
Green spaces such as Crystal Palace Park and Norwood Park provide space for walks and recreation.
The area is served by both Gipsy Hill and Crystal Palace rail stations, along with numerous bus routes to surrounding districts.
A choice of primary and secondary schools and local amenities for daily needs are also within easy reach. Services The property benefits from mains gas, electricity, water and drainage.
Broad band Speed: Standard broadband available. Download speeds up to 15 Mbps and upload speeds up to 1 Mbps (source: Ofcom checker). Mobile Coverage: Likely available from EE, O2, Three and Vodafone.
(source: Ofcom checker).
Flood Risk (Long-term forecast): According to the Environment Agency’s long-term flood risk data, the property is currently at very low risk for river and surface water flooding.
Fees Reservation Fee - refundable on exchange A reservation fee, refundable on exchange, is payable prior to the issue of the Memorandum of Sale and after which the property may be marked as Sold Subject to Contract.
The fee will be reimbursed upon the successful Exchange of Contracts.
The fee will be retained by Andrew Grant in the event that you the Buyer withdraws from the purchase or does not Exchange within 6 months of the fee being received other than for one or more of the following reasons: 1.
Any significant material issues which individually are more than 1% of the agreed purchase price and are highlighted in a survey and were not evident or drawn to the attention of you, the Buyer, prior to the Memorandum of Sale being issued.
2. Serious and material defect in the seller’s legal title. 3.
Local search revealing a matter that has a material adverse effect on the market value of the property that was previously undeclared and not in the public domain. 4.
The vendor withdrawing the property from sale. The reservation fee will be 0.5% of the accepted offer price for offers below £800,000 and 1% for offers of £800,000 or over.
This fee, unless specified otherwise, is payable upon acceptance by the vendor of an offer from a buyer and completion of an assessment of the buyer’s financial status and ability to proceed.
Should a buyer’s financial position regarding the funding of the property prove to be fundamentally different from that declared by the buyer when the Memorandum of Sale was completed, then the Vendor has the right to withdraw from the sale and/or the reservation fee retained.
For example, where the buyer declares themselves as a cash buyer but are in fact relying on an unsecured sale of their property.
The reservation fee will not be refunded where there is an inability on the part of the Buyer to raise any required mortgage after the Memorandum of Sale is completed.
Once the reservation fee has been paid, any renegotiation of the price stated in the memorandum of sale for any reason other than those covered in points 1 to 3 above will lead to the reservation fee being retained.
A further fee will be levied on any subsequent reduced offer that is accepted by the vendor.
This further fee will be subject to the same conditions that prevail for all reservation fees outlined above.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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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.
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About Flat G, 43, Central Hill, London
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