Summary - RAVEN HOUSE, 1 FLAT 13 TAWNY WAY LONDON SE16 2NQ
3 bed 1 bath Flat
Immediate rental income in a redevelopment hotspot near excellent transport links.
Long lease: 101 years remaining
This long-lease, three-bedroom tenanted apartment offers immediate rental income and strong investor appeal. Located moments from Surrey Quays Overground and within the Canada Water Masterplan area, it benefits from excellent transport links and high local rental demand. The existing tenancy provides cashflow from day one to a buyer prepared for an investment purchase.
The layout includes a large eat-in kitchen, private balcony, family bathroom plus separate guest WC, and flexible three/four-bedroom accommodation across approximately 942 sqft. Off-street parking and nearby amenities — shops, leisure centres and riverside attractions — make the property attractive to professionals and sharers seeking convenient city living.
Practical considerations: the building dates from the late 1960s/early 1970s and is system-built with assumed lack of cavity insulation; double glazing appears to pre-date 2002 and heating is via a community scheme. Service charge is approximately £3,000 per year, and reported local crime levels are above average. The flat is offered to cash buyers only and is sold with the current tenancy in place.
There is clear value-add potential through modernization to increase capital growth and rental rates; purchasers should budget for refurbishment and investigate communal fabric, insulation and heating arrangements. The 101-year lease, modest ground rent and EPC C support medium-term holding, but investors should factor service charges and local area deprivation into yield calculations.
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