Summary - Flat 2 The Crosse, 2 New Tannery Way, London SE1 5ZW
2 bed 2 bath Apartment
Bright first-floor home with private balcony, concierge and strong rental potential..
Long lease (991 years) with small ground rent (£225 pa)
This two-bedroom, first-floor apartment at The Crosse offers 787 sq ft of contemporary living in Bermondsey. The open-plan reception and large covered balcony deliver strong natural light and usable outdoor space, while a fully fitted SieMatic kitchen and quality finishes show clear mid-to-high spec. Underfloor heating and engineered wooden floors add comfort and low-visibility maintenance.
Residents benefit from 24/7 concierge, an on-site gym, and secure communal spaces — features that support short- or long-term lettability. The property is leasehold with a very long lease remaining and a modest ground rent, making it straightforward for buyers and investors to manage tenure considerations.
Buyer should note material costs of ownership: the service charge is above average at £4,220 per annum and council tax is higher than typical. The immediate area is classed as an inner-city, multicultural, student neighbourhood with very high recorded crime levels and pockets of deprivation; this may affect family buyers and some longer-term resale expectations.
Overall, the apartment suits professional buyers or investors wanting a turn-key, high-spec London flat with good transport links and concierge amenities — provided they factor in ongoing service costs and the local neighbourhood profile.
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