1-bedroom flat · SE1 5XS
For saleListed 69 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set on the ground and first floor within a quiet, enclosed courtyard in central SE1 is this incredibly spacious 584 Sqft, split level maisonette.
Offered in excellent condition throughout and benefiting from a healthy lease this dual aspect, one bedroom apartment is larger than most and a real rarity.
On entering, a well sized hallway provides substantial understairs storage and leads up to the first-floor landing area.
The main reception enjoys a sunny South-westerly aspect and has a bright, calm atmosphere.
Extending to just shy of 20ft the space neatly divides into substantial seating and dining areas, a large window seat is a nice touch.
The 8ft Kitchen is separate, well presented, and large enough to be a sociable space. It will certainly appeal to those seeking a separation from the reception room.
Continuing with the sense of space the bedroom is larger than most you will see. Extending to 17ft and enjoying the same sunny orientation, it also incorporates lots of built in storage.
The bathroom is also a great size. Further benefits include cost effective communal heating. Residents parking and secure bicycle storage are also available via application to the freeholder.
Located centrally just off Grange Road the Setchell Estate provides the perfect location for those looking to enjoy a unique village lifestyle within Central London.
Delights locally include the renowned food markets of Borough, Maltby Street and Spa Terminus, theatre at the Globe and Old Vic, Bermondsey Square antiques market and some of the best restaurants and watering holes that London has to offer.
The delights of Bermondsey Street, Borough, Shad Thames, and the South Bank await!
It should also be noted that the open green spaces of Southwark Park, Burgess Park and Spa Gardens all located nearby.
Transport links are fantastic with Bermondsey Station (Jubilee line) just a short walk away and a multitude of bus links and cycle routes literally on your doorstep.
A lovely one-bedroom apartment that makes the ideal first time buy and investment.
Lease Length - 125 years from 9 November 2015 (114 years remaining) Ground Rent - £10 pa Service Charge - £3,224 pa (includes heating and hot water).
London Borough of Southwark - Council Tax Band B 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 10, Setchell Way, London
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