Summary - LANDMANN HOUSE FLAT 21 RENNIE ESTATE LONDON SE16 3PF
3 bed 1 bath Flat
High-yield, turnkey rental opportunity near Bermondsey tube.
Three double bedrooms plus balcony off principal room
A ready-made investment in SE16, this sixth-floor three-double-bedroom flat is HMO licensed and currently produces £27,600 pa, giving an approximate 11% gross return versus the guide price. Recent refurbishment, including a new boiler and double glazing, means minimal immediate works for a buyer seeking rental income. The flat measures about 696 sq ft and includes a balcony off the principal bedroom, kitchen, bathroom plus an additional WC.
The property is sold at auction on 27 November 2025 with binding contracts at fall of the hammer. Buyers should budget for a 5% deposit (minimum £5,000) and a buyers’ fee of 4.8% (minimum £6,000 inc. VAT). The legal pack does not include a leasehold sale pack; prospective purchasers must carry out independent enquiries before bidding.
Practical considerations: the lease has around 90 years remaining, the service charge is listed at £2,330.42 for Apr 2025–Mar 2026, and ground rent is £10 pa. EPC rating C and mains gas central heating are positives, but the local area shows above-average crime and higher deprivation indicators — factors to weigh for management and tenant demand.
Well-placed for tenants, the flat is a short walk from Bermondsey tube and local amenities, making re-letting straightforward. This suits buyers seeking an income-producing London asset who are comfortable with auction purchase mechanics and leasehold ownership.
3 bedroom flat for sale in Flat 21, Landmann House, Rennie Estate, London SE16 3PF, SE16 — £250,000 • 3 bed • 1 bath • 696 ft²
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