2-bedroom flat · SE1 4QS
For saleReduced £27k (−3.7%) on 7 OctListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superb, almost 800 square foot, two double bedroom, two bathroom second floor apartment in Cluny Place, just off the charming Bermondsey Street with a fantastic selection of restaurants, bars and boutiques and close to London Bridge, the Shard, Borough Market, More London and within easy walking distance of the City.
The property is beautifully presented with south-facing aspect, wooden flooring on living areas, spacious reception room, open-plan fully fitted kitchen, two good sized double bedrooms of which the main bedroom has built-in wardrobes and an en-suite shower room, the family bathroom is off the hallway and three storage cupboards off the hallway and living room.
This property is in a residential location opposite a small park with fantastic restaurants around the corner such as Angela Hartnett’s Café Murano, Casse-Croute, Jose's Tapas bar and Pizarro restaurant, Trivet on Snowsfields just to name a few and outdoor areas such as Leathermarket Gardens and Tanner Street Park and the river front area of Shad Thames is also close by.
This is an area packed with history where new and old commercial and residential buildings are mixed, offering a vibrant yet village like atmosphere on the edge of the River Thames and the City.
This property offers access to communal storage space and bike storage on ground level, residential parking permits are available (vendor has a permit), the lease is approximately 977 year lease, ground rent is £100 per annum and service charges approximately £4,000.
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 4A, Icon Apartments, 15, Cluny Place, London
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