Auction opportunity: two-bedroom maisonette with balcony and own entrance in Elephant & Castle..
- Own front door, split-level maisonette with private balcony
- Two double bedrooms, suitable for sharers or small family
- Zone 1 location: Elephant & Castle transport within walking distance
- 103 years remaining on lease; leasehold sale at auction
- Service charge ~£1,759 pa; ground rent £10 pa
- System-built block, likely no cavity insulation; possible heat loss
- Double glazing fitted before 2002; some windows may need updating
- Area shows deprivation and high local crime rates to consider
This split-level two-bedroom maisonette in SE17 offers a Zone 1 location with strong transport links and practical space for first-time buyers or sharers. The property has its own front door, a long reception room opening onto a private balcony, two double bedrooms and a separate kitchen, providing straightforward living with scope to personalise.
Sold via secure online bidding and offered at auction (public notice/repossession), the sale is quick and transactional — suitable for buyers comfortable with auction process and checks. The long lease (103 years) is a positive for mortgageability, though the property is leasehold and carries an annual service charge of about £1,759 and a small ground rent of £10.
There are clear renovation and maintenance considerations: the building is a system-built block likely without modern cavity insulation, and the double glazing appears to pre-date 2002. The kitchen and bathroom are functional but dated, offering scope to modernise to increase comfort or rental value. The area has seen substantial regeneration and benefits from nearby amenities, Burgess Park, and easy access to Elephant & Castle station.
Buyers should note higher-than-average local crime rates and broader area deprivation indicators; these are material factors for home security and resale/rental prospects. Overall, this maisonette suits a buyer seeking value in Zone 1 with practical rooms, a balcony, and a chance to add value through updating — provided they are comfortable with an auction purchase and the building’s construction/maintenance profile.
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