1-bedroom flat · SE20 7UL
Sold STCListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on Penge Road, SE20, this tastefully decorated one bedroom apartment offers stylish, comfortable living in a well-presented home, ideal for first time buyers, professionals or investors alike.
Extending to approximately 662 sq. Ft (61.5 sq. M), the property offers a generous reception room with ample space for both relaxing and entertaining.
The living area benefits from attractive wooden flooring, a contemporary colour scheme and plenty of natural light, creating a warm and inviting atmosphere.
The separate kitchen is thoughtfully arranged, providing practical workspace and storage, while the well-proportioned double bedroom offers a comfortable and peaceful retreat.
A separate bathroom completes the accommodation. The property has been tastefully decorated throughout, allowing prospective purchasers to move straight in and enjoy the space from day one.
Offered to the market with a 94-year lease remaining, the apartment also benefits from a monthly service charge of £103.87 and an annual ground rent of £250, with no scheduled increases to the ground rent.
Priced at £300,000, this attractive apartment represents an excellent opportunity for buyers seeking a well-presented home with a generous internal layout and manageable ongoing service charges.
Early viewing is highly recommended to fully appreciate the space, presentation and potential this property has to offer.
Tenure: Leasehold Lease Length: 125 years from 1 January 2008 Ground Rent: £250 pa Service Charge: £2,246 pa Bromley Council - Tax Band: C Energy Efficiency Rating: C
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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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 Penge Road, London
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