1-bed flat + 2-bed flat · SW11 7BZ
To rentListed 32 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to welcome back to the market a one-bedroom apartment available to rent in Nine Elms through L&q's London Living Rent scheme, priced at £1,595pcm L&Q at Lexington Gardens This apartments is finished to the highest standards with an open plan kitchen and living area fully integrated with appliances and balconies providing outdoor space.
Lexington Building is located near Vauxhall tube Station (0.9 Mile) is situated a nineteen-minute walk away and Battersea Park Station (1.1 Miles) is a twenty-two minute walk away.
There are many different local amenities nearby such as a local supermarket, restaurants and much more.
As part of our already extensive property portfolio, at L&Q we take a great deal of pride in the status of our developments, dedicating an in-house maintenance team to our property management and servicing.
This ensures that as a tenant, you are never far from aid should anything go wrong, letting you enjoy peace of mind for as long as you make one of these apartments your home.
What is London Living Rent?
London Living Rent (llr) is designed for people who are currently renting and want to get onto the property ladder but can't afford to do so yet - either through Shared Ownership or on the open market.
Eligibility Criteria: Be able to provide one month's rent in advance and five weeks rent as a tenancy deposit Have the right to rent - proven by possession of British/EU/eea Citizenship or a valid UK residency visa Meet the minimum income and affordability standards - the minimum income for a two-bedroom apartment is £49,298 based on a joint application and £55,131 for a single application Minimum income requirements should be used as a guide and can vary depending on a household's circumstances and financial commitments.
On joint applications, please note both applicants must be in employment.
Have a formal tenancy (for example, in the private rented sector) or live in an informal arrangement with family or friends as a result of struggling with housing costs Live or currently work in London.
Shared Ownership eligibility criteria will apply on your London Living Rent home, L&Q cannot guarantee you will meet future affordability requirements should you wish to buy a Shared Ownership home You must not: Already own a property or be in the process of buying Have a household income that exceeds £75,000 Have an adverse rental history, for example, rent arrears or damage to a property Have a history of bankruptcy, defaults which include late payments, county court judgments (CCJs) or Individual Voluntary Agreements (IVAs) Have exceeded your agreed overdraft amount or gone into overdraft without having an agreed overdraft in place Disclaimers: Please note the photos shown are of the "show home" and while the specification remains the same the layout and size of available homes may differ.
Please note that there is no allocated parking available at this development and residents at this development will not be able to apply for a street permit in the local cpz.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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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