Summary - Flat 18 Exeter House, Friary Estate SE15 1RL
1 bed 1 bath Apartment
Auction sale; quick completion close to parks and stations.
One bedroom, 448 sq ft apartment with separate kitchen
A one-bedroom, 448 sq ft leasehold flat on Exeter House, offered chain-free and marketed by modern auction. The apartment has a separate kitchen, a generous double bedroom and a reception room, all described as well-presented. With 119 years remaining on the lease, low ground rent (£10 reported) and very cheap council tax, the running costs are likely modest.
The location is a key strength: close to Old Kent Road, Burgess Park and multiple stations (Peckham Rye, Queens Road Peckham, Denmark Hill) for fast commutes into central London. Local shops, cafes and a range of schools are within walking distance, making this a practical choice for a first-time buyer or an investor seeking easy-let potential.
This property will be sold via the Modern Method of Auction. An undisclosed reserve price applies and buyers must pay a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600 including VAT) plus other auction charges; the sale is typically completed within 56 days. Prospective purchasers should review the Buyer Information Pack and complete their own due diligence before bidding.
Notable negatives are the wider area’s higher crime levels and local deprivation indicators, and the building’s age (1930s construction) with assumed solid brick walls and no confirmed insulation. Double glazing is present but install date is unknown. Buyers should arrange surveys to check heating, services and potential retrofit or insulation works before committing.
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