Summary - Michael Faraday House, Beaconsfield Road, London, SE17 SE17 2TR
2 bed 1 bath Apartment
Auction opportunity near Elephant & Castle for cash buyers seeking rental return and uplift potential.
- Two double bedrooms and 693 sq ft internal area
- Direct access to a private rear garden
- Vacant ground-floor apartment, immediate possession possible
- Requires full modernisation throughout
- Subject to confirmed Phase 4 CPO; mortgage options may be limited
- Estimated rent £2,100–£2,200 pcm; gross yield c.10.1%
- Lease approx. 88 years; ground rent listed as £10
- Sold at online auction with six-week completion
A large ground-floor two-bedroom apartment offered vacant and ready for refurbishment. The flat includes direct access to a private rear garden and sits in a low-rise purpose-built block close to Walworth Road and Elephant & Castle transport links.
This property is being sold by online auction with a six-week completion and is best suited to cash buyers. It lies within Phase 4 of the Elephant & Castle regeneration and is subject to a confirmed Compulsory Purchase Order (CPO). That means mortgage lending may be restricted, but qualifying owners are generally entitled to market-value compensation and any statutory payments when a CPO is enacted.
The apartment requires full modernisation throughout but offers clear scope to add value: two double bedrooms, reasonable 693 sq ft footprint and an estimated rental range of £2,100–£2,200 pcm (approximately 10.1% gross yield). Construction is solid brick with double glazing reported; the building dates from the early 20th century and likely lacks modern cavity insulation. Services are mains gas boiler and radiators.
Important practical points: the lease has about 88 years remaining, ground rent is low (£10 specified), and the area is undergoing major regeneration. Buyers should allow for refurbishment costs and factor the CPO position into any purchase decision.
2 bedroom apartment for sale in Beaconsfield Road, London, SE17 — £250,000 • 2 bed • 1 bath • 693 ft²
2 bedroom flat for sale in Deacon Street, Walworth, London, SE17 — £625,000 • 2 bed • 2 bath • 887 ft²
2 bedroom flat for sale in East Street, Elephant and Castle, London, SE17 — £250,000 • 2 bed • 1 bath • 491 ft²
2 bedroom flat for sale in Marshall House, East Street, London, SE17 — £250,000 • 2 bed • 1 bath • 491 ft²
1 bedroom flat for sale in 36 Pilton Place, Walworth, London, SE17 — £140,000 • 1 bed • 1 bath • 570 ft²
1 bedroom flat for sale in Broadmayne, Portland Street, London, SE17 — £200,000 • 1 bed • 1 bath • 540 ft²
