2-bedroom flat · SE25 5QW
Listing removedListed 21 daysAuction 7 Oct · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A Ground Floor Two Bedroom Flat Subject to a Periodic Tenancy Producing £17,400 Per Annum
The property comprises a ground floor two bedroom flat situated within a semi detached building arranged over ground first and second floors.
Tenure
Leasehold. The property is held on a 189 year lease from 29th September 1985 (thus approximately 148 years unexpired ).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of South Norwood Recreation Ground are within easy reach.
Transport links are provided by Norwood Junction overground station and rail station.
Accommodation
Ground Floor
Reception Room Kitchen Two Bedrooms Bathroom
Exterior
The property benefits from side access to a private rear garden.
Tenancy
The property is subject to a Periodic Tenancy at a rent of £17,400 per annum.
The property is being sold with the tenant in situ. A Section 8 notice has been served and end in early November, offering a buyer flexibility going forward.
The Freeholder has submitted an insurance claim to address minor cracking to the brickwork, with full details available in the legal pack.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable.
Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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 23A Crowther Road, South Norwood, London, SE25 5QW
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