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See how verdicts workStudio flat · DA8 2PW
Listing removedListed 143 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Chain - Free First Floor Studio Apartment with Long Lease and Allocated Parking.
An excellent opportunity for 1st Time Buyers and Buy - To - Let Investors alike, this well - presented 1st Floor Studio Apartment is offered to the market Chain free and benefits from an impressive lease of approximately 150 years remaining.
Built in the early 1990's, the property is accessed via a secure entry phone system and a well-maintained communal Entrance Hall with stairs leading to the first-floor landing.
Internally, the accommodation comprises an entrance hall, a modern shower room, and a bright and spacious Open- plan living area incorporating a fitted kitchen.
Further benefits include Double Glazing, Electric Heating and an allocated Parking Space.
Conveniently situated close to a range of local amenities, including Erith Health Centre, Morrison's supermarket, Riverside Shopping Centre and Bus Routes; the property is ideally positioned for everyday convenience.
Erith railway station (Zone 6) is also within walking distance, offering direct services into Central London in approximately 40 minutes plus Abbey Wood station is just two stops away, providing access to the Elizabeth Line, with journey times of approximately:- 11 minutes to Canary Wharf 18 minutes to Liverpool Street 23 minutes to Tottenham Court Road 28 minutes to Paddington.
The seller has advised that the property benefits from approximately 150 years remaining on the lease, with an annual service charge of £1,056.68 and no ground rent payable.
Nb We have not seen written confirmation of this so are just supplying information on what the seller has told us.
We can confirm the property is in the London Borough of Bexley and has a Council Tax Band of B. For further information or to arrange a viewing, please contact us and we will be happy to assist.
Notice Please note we have not tested any apparatus, fixtures, fittings, or services. Purchasers must undertake their own investigation into the working order of these items.
All measurements are approximate and photographs provided for guidance only.
Identification checks Should a purchaser(s) have an offer accepted on a property marketed by Able Estates, they will need to undertake an identification check.
This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service to verify your identity.
The cost of these checks is £48 inc VAT per purchase, which is paid in advance when an offer is agreed and prior to a sales memorandum being issued.
This charge is non-refundable under any circumstances.
As part of the service, you will be given a 3-month free Lifetime Legal membership, which comes with free legal advice, a standard or mirror Will and Mover Protection.
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
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 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 138, Frobisher Road, Erith
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