Summary - Flat 5, Richborough House, 21 Sharratt Street SE15 1PH
2 bed 1 bath Flat
- Approximately 819 sq ft maisonette with front and rear gardens
- Two double bedrooms and larger-than-average living room
- Private off-street parking space included
- Leasehold with circa 94 years remaining
- Service charge around £1,451 per year; ground rent nominal
- Property is dated and requires modernization throughout
- Cash buyers only — marketed as an investment opportunity
- Local crime rate above average; factor into lettings risk
A two-bedroom maisonette with front and rear gardens, offered as an investment opportunity between Bermondsey and New Cross. The property spans approximately 819 sq ft, includes a large living room, separate kitchen and a private parking space — convenient for tenants and useful for rental appeal.
The flat is leasehold with about 94 years remaining, an average annual service charge around £1,451 and a nominal ground rent. It sits in an inner-city, well-connected location (South Bermondsey 0.4 miles, New Cross Gate 0.9 miles) close to schools, parks, shops and plentiful local cafés and restaurants — features that support steady tenant demand.
Internally the accommodation is dated and will require modernization to reach market-leading rental values. Expected works include kitchen and living area refurbishment and general redecoration. Crime levels are above average locally and the building is a mid-20th-century solid-brick construction with no assumed cavity insulation; these factors should be considered for ongoing maintenance budgeting.
This listing is aimed at cash buyers only and will suit an investor or buyer prepared to carry improvement work to boost yield or convert into a comfortable long-term rental. Key selling points are private outdoor space, parking and strong transport and amenity links; key drawbacks are the need for updating, the leasehold status and the service-charge liability.
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