2-bedroom flat · SE1 2NX
For saleReduced £20k (−4%) on 21 JulListed 151 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set on the 1st floor of an extremely popular period mansion block, just moments from the Riverside and iconic Tower Bridge is this well-presented apartment.
Naturally bright and enjoying a dual aspect this charming two double-bedroom property boasts an impressive 654 sq ft of living space and a wonderful riverside location.
On entering, a substantial hallway provides a generous amount of built in storage. The main reception room is a great size at over 13ft, neatly dividing into seating and dining areas.
A sunny South-westerly aspect floods the room with natural light creating a bright and calm space.
The separate 10ft kitchen, is modern with a classic feel and will certainly appeal to those looking for a substantial space separate to the main reception.
Again, enjoying that sunny aspect there is ample room for a dining table. Both bedrooms are well presented, newly carpeted and good doubles.
The master extending to over 12ft, bedroom two equally impressive at just shy of 11ft. Ideal for those looking to rent out a room.
The bathroom is larger than most at 10ft, bright, airy, and practical. Decorated in neutral tones throughout the property has a lovely ambience and feel.
Further benefits include GCH, double glazing, secure entry, and lift access.
Devon Mansions is an iconic building with a real story to tell, steeped in history and closely connected to Bermondsey and its community, the perfect location for those looking to enjoy a unique village lifestyle within Central London.
A stone's throw from the River, Shad Thames and Bermondsey Street, the delights of SE1 are literally on your doorstep.
Transport links are moments away with London Bridge station offering Northern Line, Jubilee Line and National Rail services. A wonderful location and a period home of real quality. Offered chain free.
Remaining Lease Length 125 years from 20 August 1990 89 Years Remaining Service Charge Approx £2000 pa Ground Rent £10 pa Local Authority Southwark Council Tax Band C Energy Efficiency Rating C
Value & comps
No previous sales on record.
Returns
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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 Flat 113, Devon Mansions,, Tooley Street, London
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