Summary - 88, Setchell Way SE1 5XS
1 bed 1 bath Maisonette
Affordable central one-bedroom with private entrance and balcony near Bermondsey Street.
- One double bedroom, large reception room, separate kitchen
- First-floor maisonette with private separate entrance
- Balcony provides outdoor space, approx. 551 sq ft total
- Long lease: 117 years remaining
- Service charge approx. £2,642/year; ground rent £10
- Community heating (mains gas) and double glazing post-2002
- Area classified as deprived; local crime levels high
- Excellent mobile signal and fast broadband, central location
This one-bedroom first-floor maisonette offers a straightforward, well-proportioned layout in a central Bermondsey location. The separate entrance leads to a large reception room, a smart separate kitchen, a good-sized double bedroom and a bathroom, with a small balcony for outdoor space. The flat measures about 551 sq ft and has double glazing installed after 2002.
Practical details suit a buyer seeking an easy city base or rental income: a long lease (117 years remaining), mains gas via a community heating scheme, fast broadband and excellent mobile signal. Service charge is reported at £2,642 per year and ground rent £10; factor these running costs into budgets.
Be candid about local context: the area is classified as deprived with higher-than-average crime rates, though it sits close to Bermondsey Street and Tower Bridge Approach and benefits from many local amenities and strong schools nearby. The building dates from the late 1960s–1970s and is mid-terrace construction with filled cavity walls.
This property will suit a first-time buyer wanting an affordable central London foothold or an investor after straightforward lettable space. It presents minimal immediate work given recent glazing, but buyers should assess the communal maintenance standard and service charge commitments before proceeding.
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