Grove Place, Eltham, SE9 5AA

3-bedroom flat · SE9 5AA

1,075 sq ft1 bath3 bedroom Penthouse apartment · Fabulous modern development · Bright open-plan reception room

Asking

£550,000

Sold STCListed 377 days

Investor metrics

HMO Article 4 Direction AreaRoyal Borough of Greenwich Article 4(1) (Houses in Multiple Occupation) Direction 2017 · C3 → C4 HMO conversion requires planning permission here

Opportunity summary

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About

The property

Set within a fabulous modern development this stunning 3 bedroom Penthouse boasts a exceptional wraparound roof terrace, parking space, fantastic open-plan living space and far-reaching views across London.

Grove Place is a fantastic modern development enviably situated in the heart of Eltham which offers a superb selection of amenities as well as Eltham Station providing great links into central London.

Please use the reference CHPK4631325 when contacting Foxtons.

Key information

Price per Square Foot

£512/sq ft

Based on 1,075 sq ft (100 sq m)

Floor Area

1,075 sq ft (100 sq m)

Council Tax Band

Band D

Estimated ~£1800/year

Tenure

Leasehold

See leasehold details below

Local Authority

Greenwich London Boro

London Borough

County

Greater London Authority

Service Charge

£5,026/year

Property features

3 bedroom Penthouse apartment
Fabulous modern development
Bright open-plan reception room
Wrap-around roof terrace with London Views
Modern kitchen with space-to-dine
Main bedroom with en suite
Concierge service
Allocated parking space

Value & comps

What is it worth?

No previous sales on record.

Comparable salesNo comps yet

No comparable sales matched this property yet.

Returns

What does it return?

Set an offer; the calculator follows it.

Rent evidence

Rental benchmark

Nearby rental comparables

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Local SA Market

We're still gathering serviced-accommodation data for this area.

Archie refurb estimate: a Pro feature

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0.0% below asking

Model

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BTL · HMO · BRRR · SA · Flip — editable, saved scenarios

Investment calculatorBTL · BRRR · HMO · Flip · SA · R2R — editable inputs, saved scenarios

Investment Disclaimer

This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.

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.

Past performance does not guarantee future results. Tax implications vary by individual circumstances.

Mortgage

Deal

Is it a deal?

Archie’s verdict

Archie has scored this property.

Deal score · weighted

Weak signals — move on

Factor breakdown

BMV discountNot calculated, and not zero — there is no value estimate for this property to discount against.

0/25

Yield potential—

0/25

Motivation signalsNot enough data

0/25

Days on market377 days · price-fatigue

25/25

—

Seller motivation

Not scored yet

Days on market377

Price reduction—

STC fall-through—

Back to market—

Agency change—

EPC rating—

Listing timeline

First listedListed at £550,00007-10-2025

Still activeDay 377 on marketToday

Strategy fit

No strategy scores available yet.

HMO Conversion Potential

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.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

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.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

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.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

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.