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See how verdicts work2-bedroom flat · DA8 2EH
Sold STCListed 174 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
CHAIN FREE | GUIDE PRICE £260,000 - £270,000 Situated within the highly sought after Amethyst Court development on Rainbow Road, this beautifully presented first floor two bedroom, two bathroom apartment offers the perfect balance of modern living, convenience and long-term value.
Spanning approximately 694 sq ft, the property delivers generous proportions throughout whilst remaining incredibly efficient and economical to run.
What immediately separates this apartment from many others within the market is the condition.
Proudly owned and carefully maintained by the same owner since new, the property has been only lightly occupied over the years due to work commitments, resulting in a home that still feels exceptionally fresh, clean and well preserved throughout.
From the flooring to the kitchen fittings and appliances, there is a genuine sense of care and minimal wear rarely found in similar apartments of this age.
The spacious open-plan kitchen and reception room forms the heart of the home, creating an ideal environment for both entertaining and day-to-day living.
The modern fitted kitchen benefits from a range of integrated appliances including a fridge freezer, washing machine, hob and oven, all of which have seen very little use.
Large double glazed windows allow excellent natural light to flow through the apartment, further enhancing the bright and airy feel throughout.
Both bedrooms are comfortably proportioned, with the principal bedroom benefitting from fitted wardrobes and a private en suite shower room.
A well-appointed family bathroom serves the remainder of the apartment, making the layout equally suitable for professional couples, first-time buyers, downsizers or buy-to-let investors seeking a turnkey opportunity.
Further benefits include allocated parking, double glazing throughout, ample built-in storage and low running costs, making this an attractive and practical long-term home.
Amethyst Court forms part of a well-known and increasingly desirable residential setting within Erith, offering a strong sense of community alongside excellent convenience.
Residents benefit from nearby green open spaces and family-friendly recreational areas including Erith Recreation Ground and Slade Green Recreation Ground, whilst a range of reputable local schools including St Paul's (Slade Green) Primary School, Haberdashers' Slade Green and King Henry School are all within easy reach.
For commuters, the location continues to grow in popularity due to its excellent transport connectivity.
Erith station and nearby Abbey Wood provide swift access into Central London, with the Elizabeth Line dramatically improving journey times into Canary Wharf, Liverpool Street and the West End.
The arrival of Crossrail has played a major role in the wider regeneration and rising demand across the area.
The surrounding area continues to benefit from significant investment and regeneration, attracting a growing number of buyers looking to secure value within Greater London whilst still benefiting from strong transport links, green spaces and a developing community atmosphere.
Whether you are looking for a stylish first home, a low-maintenance London base or a smart long-term investment, this exceptional apartment offers a rare opportunity to acquire a genuinely well-cared-for home within a thriving and well-connected South East London location Tenure Leasehold Lease Length 125 years from 30 June 2013 112 Years Remaining Service Charge £2,380 PA Ground Rent £380 PA Local Authority Bexley Council Tax Band - C Energy Efficiency Rating B
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
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FAQ
About Rainbow Road, Erith
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