Summary - PENROSE HOUSE FLAT 4 PENROSE STREET LONDON SE17 3DU
2 bed 1 bath Flat
Two double bedrooms, balcony and good transport links — vacant possession and ready to occupy..
- Two double bedrooms, separate kitchen and living room
- Private balcony with leafy street outlook
- Approximately 679 sq ft (63.1 sq m)
- 102 years remaining on lease, no onward chain
- Service charge about £4,000 pa; ground rent £10
- High local crime rates and very deprived area indices
- Built 1950–66 solid brick; no known external insulation
- Excellent transport, fast broadband and mobile signal
A bright two-double-bedroom flat in a low‑rise post‑war block, offered with no onward chain and 102 years remaining on the lease. The living room opens onto a small balcony and receives good natural light; the separate kitchen and built-in storage make the layout practical for day-to-day living. At about 679 sq ft, the apartment is an average-sized inner‑city home suited to first‑time buyers, couples or buy‑to‑let investors seeking immediate occupancy or straightforward rental income.
Location is a key strength: a short walk from Kennington Tube (Northern Line) with regular buses, Elephant & Castle stations nearby and a strong local amenity mix on Walworth Road. Broadband and mobile signal are excellent and local schools include several rated Good or Outstanding, which supports longer-term family demand.
Be aware of material costs: the block's annual service charge is approximately £4,000 and ground rent is £10. The wider area records high crime levels and very high deprivation indices; buyers should weigh location-related risks against price and rental prospects. The building is solid-brick post‑war construction with assumed no external wall insulation; double glazing is present but install dates are unknown.
Overall this is a practical, well‑presented two-bedroom flat with decent transport links and private outdoor space. It suits purchasers wanting a ready-to-move-in London flat or investors looking for a lettable two-bedroom in SE17, provided they factor in service charges and local area considerations.
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