Summary - 5 FLAT 5 HERMITAGE CLOSE LONDON SE2 9NJ
1 bed 1 bath Apartment
Spacious commuter flat with clear rental uplift potential.
Gated development next to Abbey Wood Elizabeth Line station
A spacious one-bedroom apartment in a gated development beside Abbey Wood station, presented for sale as a rental investment with tenants in situ. The flat is unusually large for a one-bed (approximately 748 sq ft) and has a full-width private balcony, making it attractive to commuters on the Elizabeth Line. The living room is generous and has been configured by the current tenant to allow a second bedroom to be added, giving clear scope to increase rental value.
Practical costs are straightforward: a service charge of £1,752.34 per annum and a small ground rent of £179 per annum. The long lease (134 years remaining) reduces immediate title risk. Main heating is by electric room heaters and the property uses electricity as its principal fuel, which buyers should factor into running-cost estimates.
This is a purpose-built modern block (built 2003–2006) with double glazing and communal landscaped courtyard and parking. The property is offered with tenants in situ and a stated rental income of £!7,400 per annum (as supplied). Excellent transport links — Abbey Wood Elizabeth Line provides fast journeys into Canary Wharf and central London — underpin steady rental demand.
Notable drawbacks include a very high local crime level and the building’s service charge and electric heating, which may deter some owner-occupiers. The area shows signs of deprivation despite nearby amenities and good schools, so buyers should consider local market dynamics and verify rental figures and tenant arrangements before purchase.
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