Auction sale with immediate rental income and refurbishment potential.
Tenanted at £2,800 pcm producing £33,600 per annum
Sold at public auction — legal pack must be checked
Leasehold with ~83 years remaining; renewal will be necessary
Third and fourth floor split-level layout, about 851 sq ft
Community mains-gas heating; EPC rating D
System-built 1967–75 block; likely poor insulation
Located near Peckham Rye, Brunswick Park and good schools
Area described as very deprived — consider management risk
This split-level third-and-fourth-floor flat is offered for sale at public auction with an assured shorthold tenancy in place producing £33,600 per year. The accommodation extends to approximately 851 sq ft across reception, dining room, kitchen, three bedrooms, bathroom and separate WC — a straightforward buy-to-let setup delivering immediate rental income.
Important legal and physical points are clear: the property is leasehold with about 83 years remaining on a 125-year term (lease renewal will be required in time), it forms part of a 1967–1975 purpose-built block with system-built walls and assumed lack of insulation, and it is heated via a community mains-gas scheme. The EPC is rated D and the building has double glazing of unknown install date.
The flat is located close to local shops, Brunswick Park and Peckham Rye station, and near several well-rated primary and secondary schools. The wider area profile shows established renting families and inner-city cosmopolitan character, but the immediate neighbourhood is recorded as very deprived — a factor to weigh for long-term capital growth and management considerations.
This lot is sold at auction; prospective buyers should review the full legal pack, tenancy details and energy/service arrangements before bidding. The property has refurbishment potential but also some material concerns (shortish lease, building fabric and communal heating) that should inform any offer and budget for works.
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