2-bedroom flat · KT3 6QF
For saleListed 221 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Presenting this opportunity to buy a two bedroom ground floor purpose built maisonette on a quiet residential road in New Malden.
The flat is perfect for investors or first time buyers and there is no service charge to pay and the lease will be extended to 158 years.
The flat is located on a quiet road in New Malden, a short walk to New Malden High Street and easy access into neighbouring towns such as Raynes Park and Wimbledon.
It comprises of a living room and two double bedrooms, with a separate kitchen and bathroom at the rear of the property.
There is a cosy courtyard garden at the back to enjoy the spring/summer evenings.
A big plus is the long lease which the owner is including in the price, making it a low maintenance, hassle-free purchase for the long term.
This would also bring the ground rent down from £100 a year to a peppecorn ground rent. The flat is modern throughout and fitted with double glazed windows and gas central heating.
Access to nearby transport links is super convenient with both New Malden and Motspur Park Mainline Train Stations close by (8 minutes walk).
This gives a quick commute to London Waterloo in just 25 minutes
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
Agent & docs
FAQ
About 10, Errol Gardens, New Malden
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