2-bedroom flat · SE17 1GB
For saleReduced £35k (−4.6%) on 28 AugListed 1989 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A modern two bedroom, two bathroom property with a balcony in Weymouth Building, forming part in the popular Elephant Park SE17.
Comprising a naturally bright open-plan kitchen/living area with full-height windows, a master bedroom with an en suite bathroom, a further bedroom and a family bathroom.
Features include wood flooring, underfloor heating, large glazing, comfort cooling, bespoke and integrated kitchen appliances, modern bathroom ware and generous wardrobe and storage space throughout.
Residents benefit from excellent facilities including a gymnasium, communal gardens, secure cycle storage and a 24-hour concierge There are modern amenities along the nearby Sayer Street including bars, cafés, and restaurants overlooking the new park.
The development is located close to Elephant and Castle National Rail and Underground stations, providing services to the City and West End.
The stations are serviced by Thameslink, Southeastern, and Bakerloo and Northern Line trains. Tenure: Leasehold Lease 244 years remain Ground Rent: £500 p.a.
Gr Review: Tba Service Charge: £6338.41 sc Review: Annually Managing Agent: Savills Plc Council: Southwark Tax Band: E
Value & comps
No previous sales on record.
Returns
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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 Flat 602 Weymouth Building, 2, Elephant Park, Elelphant and Castle
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