3-bedroom flat · E16 2SR
Sold STCListed 17 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered chain free is this recently refurbished three double bedroom third floor apartment with direct river views.
The property benefits from double glazed windows, a modern fitted kitchen, two modern bathrooms, allocated underground parking.
Spencer James Residential is an independent estate agency established in 2002 specialising in all aspects of residential lettings, sales and property management.
We are serious about the pivotal role we play between our landlords and tenants; buyers and sellers.
Our clients are assured in the knowledge that we work under an approved code of practice, due to our memberships with recognised industry bodies including: The Association of Residential Lettings Agents (ARLA); the National Association of Estate Agents (NAEA); and the Property Ombudsman (Sales and Lettings).
Kitchen Range of eye and base level units, double glazed window to rear, stainless steel sink, washer dryer, tiled flooring.
Lounge Diner Laminate flooring, double glazed window to front over the river Thames, double doors to balcony over looking the Thames, open plan to kitchen area.
Entrance Hall Laminate flooring, airing cupboard housing storage housing hot water tank and providing some storage, storage cupboard, wall mounted electric heater, doors to all rooms.
Bedroom Double glazed window to front over the river Thames, carpet flooring, door to en-suite. En-suite Three piece comprising of shower cubicle, wash hand basin, low level wc, tiled flooring.
Bedroom Double glazed window to front over the river Thames, wall mounted electric heater, carpet flooring. Bathroom Three piece suite comprising of low level wc, wash hand basin, paneled bath.
Bedroom Double glazed window to rear, wall mounted electric heater, carpet flooring. Parking Secure underground parking Balcony
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 31 Sheerness Mews, Galleons Lock, London
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