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See how verdicts work2-bedroom flat · SE1 9RB
Sold STCListed 161 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully presented two bedroom, two bath apartment in the highly sought after Southbank Tower Development.
Situated on the desirable North West corner of the building on the 20th floor with floor to ceiling windows and a dual aspect reception, the apartment boasts breathtaking views of the Thames with iconic landmarks such as Battersea Power Station, London Eye, The Houses of Parliament, St Paul’s Cathedral and oxo Tower all in view.
The apartment measures approximately 1200 sqft and has been finished to an excellent standard with Miele appliances, underfloor heating throughout and marble finishes in the bathrooms.
Residents at Southbank Tower enjoy world class facilities including a 24 hour concierge service, a newly refurbished gymnasium and 20m swimming pool & spa, business lounge, cinema, a 10th floor landscaped garden complete with residents lounge and kitchen which can be hired for private functions.
Transport connections are excellent with Blackfriars adjacent to the building as well as Waterloo and Southwark Stations just a short walk away.
**The property is currently occupied by the owner and is being offered with vacant possession on completion** Owners Insights: What do you love about your home?
When we first viewed the property, we had the chance to see a few different apartments in the building but this one instantly stood out.
Being on the 20th floor struck the perfect balance, it is high enough to take in the sweeping views of the London skyline from the London Eye across to the City and St Paul’s which are magical when lit up at night, yet still low enough to keep the oxo Tower in sight from the living room, maintaining a real connection to the river.
We positioned the dining table overlooking both the river and the oxo Tower, creating a beautiful spot to host friends and family.
New Year’s Eve is always a highlight as we can watch the fireworks from the comfort of the apartment, or from the roof terrace. Sunsets are always very special from the Westerly view.
The apartment itself is really bright and offers a practical layout with two generously sized double bedrooms which are on opposite sides of the apartment so you can maintain your own privacy when friends or family stay over.
There is also a perfect space to have a home office from the winter garden.
We will be sad to leave the building, the concierge are very welcoming and helpful and provide great security which was important to us. The facilities are truly amazing and very well maintained.
The gym has just been upgraded and the swimming pool has undergone a complete refurbishment.
The business lounge is priceless as we both work from home regularly and it allows us both to have two separate work areas. What do you love about the area?
We’ve absolutely loved living here in the heart of London. From morning walks to Borough Market for fresh coffee, to evening strolls along the Southbank, the location just can’t be beaten.
Covent Garden is just a short walk away, and we’ve never gotten tired of being so close to central London.
Key Information: Tenure: Leasehold Term: 999 years from 2015 Council Tax: Band G Council: Southwark Ground Rent: £800 per annum Service Charge: £14,635.70 per annum plus £1852 per annum sinking fund contribution - Total £16,487 per annum EWS1 Cladding: Pass
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About Apt 2001, 55 Upper Ground, London
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