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See how verdicts work2-bedroom flat · SE20 7PQ
Sold STCListed 304 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to acquire this well-presented two-bedroom, first-floor purpose-built flat, ideal for investors or first-time buyers looking for a property with great potential.
Offering approximately 655sqft of bright and well-arranged accommodation, the property benefits from a chain-free sale for a smooth and swift transaction.
The flat features a spacious living area, two generously sized bedrooms, a fitted kitchen, and a modern bathroom.
Externally, residents enjoy access to a communal garden, perfect for outdoor relaxation, as well as the rare advantage of a private garage for secure parking or additional storage.
Please note the property comes with a low lease of 55 years, making it suitable for cash buyers only.
A superb opportunity in a convenient location—early viewing is highly recommended Located between Beckenham and Sydenham, and just a 4 minute walk from Penge East Station and a 15 minute walk to Sydenham Station (Zone 3), the buyer of this property will benefit from a range of excellent transport links as well as an abundance of shops, schools and general amenities on the doorstep.
Penge High Street is just a 7 minute walk away and for those looking for green space, the Alexandra Recreation Ground and Beckenham Palace are nearby.
Leasehold: 99 years from 29 September 1982 Service Charge: £2592 PA Ground Rent: £46 PA
Value & comps
No previous sales on record.
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 asking
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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 advisers 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
Agent & docs
FAQ
About Lennard Road, London
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