Summary - 9 FLAT 111 STEEDMAN STREET LONDON SE17 3BA
2 bed 1 bath Apartment
Strong rental yield and conversion potential near Elephant & Castle transport.
Large open-plan living and kitchen, just under 1,000 sq ft
This roomy two-bedroom apartment of just under 1,000 sq ft sits in Zone 1, moments from Elephant & Castle station. Its open-plan living area, integrated kitchen and dual-access balcony create flexible living space that appeals to tenants and sharers. The block benefits from a 24-hour concierge and a distinctive design by Piers Gough of czwg architects, giving the home both practical and visual appeal.
The property currently achieves a rental income of approximately £33,000 pa. A suggested partition (subject to separate planning/consent) could create a third bedroom and is estimated to increase income to around £39,000 pa — a clear upside for buy-to-let purchasers. One year’s free tenant-find or management is offered for investors, reducing initial letting costs.
Practical points to note: the flat is leasehold with around 101 years remaining and has one bathroom. The local area is undergoing major regeneration, which promises long-term uplift but also means ongoing building works, new development and short-term disruption. Crime levels in the immediate area are above average; buyers seeking long-term returns should factor professional management and security measures into budgeting.
Overall, the apartment is best suited to investors or buyers planning a rental-first strategy, or owner-occupiers who value space, transport links and flexible layout. Its size, concierge service and conversion potential are strong value drivers, balanced by leasehold status, a single bathroom and neighbourhood transition during regeneration.
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