2-bedroom flat · SE28 8AG
For saleListed 5 daysAuction 11 Nov · in 22 days
Opportunity summary
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About
Guide Price = £130,000-£150,000 **For Sale By Public Auction 11th November 2026 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack** A Third and Fourth Floor Two Bedroom Split Level Maisonette Subject to a Periodic Tenancy Producing £15,600 Per Annum (Reflecting a Gross Initial Yield of 10.4%) The Rent will Increase to £1,380 by January 2027.
Tenure Leasehold. The property is held on a 126 year lease from 25th March 2002 (thus approximately 101 years unexpired ).
Location The property is situated on a residential road close to local shops and amenities. The open spaces of Southmere Park are within easy reach.
Transport links are provided by Abbey Wood underground station (Elizabeth line) and rail stations.
Description The property comprises a third and fourth floor two bedroom split level maisonette situated within a purpose built block arranged over ground and four upper floors.
Accommodation Third Floor Two Bedrooms Bathroom Separate WC Fourth Floor Reception Room Kitchen/Diner Tenancy The property is subject to a Periodic Tenancy at a rent of £1,300 per calendar month, please refer to the legal pack.
For all enquiries, please contact Puja Rawal at
Value & comps
No previous sales on record.
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Returns
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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 Flat 15 Cobden Court, Byron Close, Greenwich, London, SE28 8AG
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