Summary - FLAT D, 102, BREAKSPEARS ROAD SE4 1UD
3 bed 1 bath Flat
High-yield Brockley flat with development upside, sold at online auction..
High headline yield projection of 16.2% (based on stated rent estimate)
Sold by online auction—buyer’s premium and fees may apply
Two bedrooms currently rented; one is a regulated tenancy—see legal pack
Possible HMO and attic development potential (subject to planning)
Long lease term stated (999 years) — confirm tenure in legal pack
Victorian character, sash windows and a small garden
Only one bathroom; may need refurbishment for higher rental yield
Local area shows higher crime and deprivation levels
This three-bedroom first-floor flat in Brockley offers strong investor appeal and practical development potential. Located on Breakspears Road within the Brockley Conservation Area, the property combines Victorian character with scope to increase value — attic development and possible HMO conversion are suggested, both subject to planning consent.
Two of the three bedrooms are currently let (one with a regulated tenancy); the listing cites a projected market rent of £4,000pcm and a headline yield of 16.2%. The flat will be sold at online auction, so interested buyers should review the legal pack for tenancy specifics, buyer’s premium, and any additional sale charges.
The home benefits from large sash windows, period features and a small garden, plus excellent transport links to central London (Brockley station c.0.2 miles). However, the area records higher-than-average crime and local deprivation indicators. The property may need renovation or management input to achieve the advertised rental figures and any planning-led conversion will require cost and consent.
This is best suited to investors or project buyers seeking an immediate rental asset with upside through renovation or permitted development. First-time buyers who value character and are comfortable with an auction purchase process may also consider it, but should factor in tenancy, potential renovation costs and local area challenges.
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