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See how verdicts work2-bedroom flat · SE1 3RN
For saleReduced £50k (−11.1%) on 28 OctListed 415 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Cash buyers only. Situated on the 20th floor of the popular Simla House is this contemporary, two-bedroom, purpose-built apartment.
Boasting a central location, moments from Bermondsey Street and London Bridge Station, with unrivalled elevated views across London’s skyline this 652sqft apartment is hugely impressive both inside and out.
The property itself is well presented throughout and really needs to be viewed to be fully appreciated.
On entering, a substantial hallway provides built in storage and leads to the 22ft open plan reception. Enjoying a bright, sunny aspect and those stunning views the room has genuine ‘wow’ factor.
Neatly dividing into seating and dining areas the space spills out on to a full-length balcony. A real sun trap and the perfect way to drink in the view.
The modern kitchen sits neatly to the far end and will certainly appeal to those looking for a substantial space to cook. Both bedrooms are fantastic doubles, bright, quiet, and calm.
The master extending to to over 14ft, bedroom two equally impressive at just shy of 12ft, Ideal for those looking to rent out a second room or a substantial home office.
The bathroom is modern, practical, and very much in keeping with the quality throughout. Further benefits include double glazing, GCH, lift access, secure entry, and residents parking.
Simla House itself is a popular ex local authority block that is immaculate both inside and out.
Located centrally on Weston Street, overlooking the delightful Leathermarket Gardens moments from London Bridge station.
An ideal location to enjoy all the delights that SE1 has to offer, with the bars and restaurants of Bermondsey Street, London Bridge and South Bank all a stone’s throw away.
Further local attractions of note include the food markets of Borough, Maltby Street and Spa Terminus. A stunning apartment and location that is offered chain free.
Lease length 105 Years, Service Charge £2,132, Ground Rent £10pa.
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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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
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FAQ
About Flat 78, Simla House,, Kipling Estate, London
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