2-bedroom house · SE1 6EE
Listing removedReduced £45k (−8.3%) on 21 JunListed 185 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Exceptional two-bedroom apartment set within the iconic Strata Tower in the heart of Elephant & Castle.
Boasting breathtaking, far-reaching views, the property features a generous open-plan living and dining space, perfectly complemented by a sleek, fully integrated modern kitchen.
Both bedrooms are well-proportioned, with the principal bedroom benefiting from fitted wardrobes and a tilled bathroom suite.
Residents enjoy exclusive access to secure cycle storage and a 24-hour concierge service.
The vibrant surrounding area offers a variety of amenities, including bars, cafés, restaurants, and the dynamic Elephant Park development.
The Strata benefit from a unique location on the south bank of the River Thames, close to London landmarks such as Tower Bridge, The Shard and Tate Modern, making it one of the city‘s key centres for arts and culture.
The area is also home to ual’s London College of Communication and London South Bank University.
The property is conveniently situated just a 5-minute walk from Elephant & Castle rail and underground stations, providing excellent transport links via Thameslink, Southeastern, Bakerloo, and Northern lines services.
Tenure - Leasehold Length of lease (years remaining) 125 years starting 25/12/2009 108 remaining Annual ground rent amount (£) included Ground rent review period (year/month) tbc Annual service charge amount (£) £6,658.56 per year Service charge review period (year/month) yearly Council tax band - Southwark, Band E
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 405,, Strata, Elephant and Castle
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