2 bed Flat (for sale) Walworth Place, London SE17

£5,000,000
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Barnard Marcus - Kennington
315 Kennington Road, Kennington
020 3463 0244
First Published

5th Mar 2019

Last Published

29th Apr 2019

 

Features

  • Type: Flat
  • Bedrooms: 2
  • Listing status: sale
  • Country: England

Description


Summary
** commercial investment opportunity **

A fantastic opportunity to acquire the freehold interest to this corner building containing four commercial units and five well appointed flats.

Description
** commercial investment opportunity **

A fantastic opportunity to acquire the freehold interest to this corner building containing four commercial units and five well appointed flats. Currently generating a combined rental income of £162,740 per annum this represents an excellent long term investment. The residential suite comprises of 2 x one bed apartments, 2 x two bedroom apartments and 1 x two bedroom two bathroom penthouse apartment with a terrace.

This small block of only five properties is situated in the heart of the vibrant East Street Market. The local area offers a host of amenities with a wide variety of local shopping, restaurants, art galleries and museums easily accessible. There are three local parks within 0.6 miles mile including Nursery Row Park, Surrey Square Park and Pasley Park along with world renowned major teaching hospitals; King's College Hospital, Guy's Hospital, and St. Thomas' Hospital also close by. Transport links are provided by Kennington tube station (Northern Line) and Elephant & Castle station (Northern, Bakerloo & overground line) along with an impressive ten bus routes (12,35,40,45,68,148,171,176,468, and P5) with stops close by in Walworth Road.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

 

Local info for SE17

 

Property Value Data/Graphs for SE17

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 83.5% £618,025 1.8 1
Studio 7% £417,727 0 1
Terraced house 3.2% £878,500 3.3 1.1
Other 2.5% £876,863 2.6 1.5
Maisonette 2.2% £513,571 2.1 1.1
Semi-detached house 1% £866,633 2.7 1.3
Barn conversion 0.3% £550,000 1 0
Detached house 0.3% £999,999 2 0

Area Information

Average Price Paid

£523,812

Sales

1577

Current Average Value

£619,922

Value Change

£96,110 18.3%

 

Current Asking Prices in SE17 Average: £619,922

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £550,000 (1) £850,000 (4) £918,831 (13) £1,121,667 (3) £690,000 (1)
Flats £485,050 (88) £680,078 (145) £699,697 (33) £400,000 (1) £449,967 (3)
All £485,780 (89) £684,639 (149) £761,626 (46) £941,250 (4) £509,975 (4)

Nearby Properties

2 bed Terraced house () Flaxton Road, Plumstead SE18 £375,000
1 bed Flat () Croydon Road, Anerley SE20 £300,000
3 bed Terraced house () Pallister Terrace, Roehampton Vale, London SW15 £600,000
3 bed Flat () Anhalt Road, London SW11 £2,400,000
2 bed End terrace house () Selsdon Road, South Croydon CR2 £350,000
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