Summary - Michael Faraday House, Beaconsfield Road, London, SE17 SE17 2TR
2 bed 1 bath Apartment
High rental yield near Elephant and Castle transport links.
Two double bedrooms with private rear garden access
A vacant ground-floor apartment offering clear scope for improvement and immediate income potential. The flat has two double bedrooms, direct access to a private rear garden and sits in a low-rise brick block close to Walworth Road and Elephant & Castle transport links.
The property requires modernisation throughout and retains period solid-brick construction with assumed no wall insulation — buyers should budget for upgrades. It is sold leasehold with 88 years remaining; ground rent is low. The sale is by online auction with a six-week completion timeframe.
Important: the flat falls within Phase 4 of the Elephant & Castle regeneration and is subject to a confirmed Compulsory Purchase Order (CPO). Compensation is typically payable at market value and additional statutory payments may apply; mortgage lending can be restricted on CPO-affected homes, so this is most suitable for cash buyers or investors comfortable with CPO processes.
For investors, estimated rent of approximately £2,100–£2,200 pcm (c.10.1% gross yield) indicates strong short-term returns while regeneration progresses. Low flood and crime risk, excellent public transport, and local schools add practical appeal, but factor in renovation costs and the CPO when assessing long-term value.
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