Summary - New Tannery Way, SE1 SE1 5EB
2 bed 2 bath Flat
Spacious fourth-floor home with balcony and long lease in lively SE1.
827 sq ft; two double bedrooms and two bathrooms
Full-width balcony with London skyline views
Fourth-floor, large open-plan reception and kitchen
Built 2022; long lease — 994 years remaining
12-hour concierge; resident gym (completion pending)
Service charge £5,945 pa; above-average running costs
Community heating scheme limits individual control
Local area: inner-city student neighbourhood; very high crime
Bright, modern and well-proportioned, this fourth-floor two-bedroom apartment delivers 827 sq ft of open-plan living and a long private lease (994 years). Large industrial-style windows and a full-width balcony give clear London-skyline views, while two bathrooms — including an en-suite — suit sharers or couples wanting separate facilities.
Located in a converted factory building completed in 2022, the development provides 12-hour concierge and planned resident gym facilities. The apartment is sold fully furnished and benefits from excellent transport links to Bermondsey and London Bridge, making it convenient for commuting or short-term lets.
Buyers should note material running costs: an above-average service charge (£5,945) and above-average council tax, plus a ground rent of £450. Heating is via a community scheme, which may limit individual control. The building sits in an inner-city, multicultural student neighbourhood with very high local crime levels — a factor to consider for owner-occupiers.
Overall this is a contemporary, low-maintenance home with strong location advantages and long-lease security. It will suit first-time purchasers seeking a move-in-ready London base, or investors targeting well-located rental stock, provided they account for service charges and the immediate area's character.
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