Summary - Crown Place Apartments, SE16 SE16 3AD
3 bed 2 bath Duplex
Ready-made rental income near South Bermondsey station.
3 double bedrooms, generous rooms across two floors
Almost 1,500 sq ft (approx 130 sqm) living space
Allocated underground parking space included
Private balcony and contemporary fitted kitchen
Two modern bathrooms; EPC rating C
Leasehold: 102 years remaining, sold at auction
Service charge approx £4,000 pa; ground rent c. £10
Area classed as deprived; average local crime levels
A substantial split-level home offering almost 1,500 sq ft across two floors, this three double-bedroom property is presented in good order and has been professionally managed by long-term tenants. It includes two modern bathrooms, a contemporary kitchen, a private balcony and an allocated underground parking space—features that support strong rental demand in SE16.
The leasehold sits at 102 years remaining and the apartment will be offered For Sale By Auction, making it suitable for investors seeking immediate income or a buyer comfortable with auction purchase terms. EPC C and mains gas central heating are in place; the building is a popular, modern development with double glazing and low maintenance communal areas.
Running costs and legal considerations are material: average annual service charges are approximately £4,000 and ground rent is reported at £10 (status to be confirmed). The development is in an area classified as deprived with average local crime statistics—factors to weigh against the strong rental yield and excellent transport links nearby.
Location is practical for commuting, close to South Bermondsey station with direct services into central London. Local amenities include Southwark Park, riverside walkways and several highly rated primary and secondary schools, supporting both tenant demand and longer-term resale prospects.
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