Moments from Peckham Rye station — excellent transport links
This split-level Victorian apartment sits above retail on Blenheim Grove, moments from Peckham Rye station, making it a compact central London holding with strong transport links. The property offers two flexible rooms — one currently used as a reception and one upstairs bedroom — plus a fitted kitchen and a tiled three-piece bathroom. The apartment totals about 445 sq ft and benefits from low council tax and fast broadband, useful for renters or short-term lets.
Important cautions: the lease has 62 years remaining and the sale is by auction. Many mortgage lenders will refuse finance on leases under typical lender minimums, so this will suit cash buyers or specialist lenders only. Annual service charge is approximately £1,100 and ground rent is £150 per year; the building dates from 1930–1949 and walls are assumed to be solid brick with no insulation.
For investors seeking a London buy-to-let close to transport and local amenities, this property offers immediate rental potential and scope for modest refurbishment to increase appeal. The surrounding area is inner-city and cosmopolitan with high crime and pockets of deprivation—factors that will affect tenant demand and yields. Consider the lease length and auction purchase process carefully before bidding.
