2 Bed Flat, Single Let, London, SE1 8NA, £520,000

Greet Street, London, SE1 8NA - 3 months ago

Leasehold

BTL

ROI: 1%

~68 m²

+7 photos

ValuationOvervalued

Sold Prices	£275.5K - £950K
Sold Prices/m²	£5.9K/m² - £12.9K/m²

Square Metres	~68.11 m²
Price/m²	£7.6K/m²
Value Estimate	£492,801£492,801

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£130,000£130,000
Stamp Duty & Legal Fees	£30,300£30,300
Total Cash In	£160,300£160,300

Cash Out
Rent Range	£2,250 - £5,500£2,250 - £5,500
Rent Estimate	£2,254
Running Costs/mo	£2,096£2,096
Cashflow/mo	£158£158
Cashflow/yr	£1,898£1,898
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

39 sold prices from £275.5K to £950K, average is £490K. £5.9K/m² to £12.9K/m², average is £7.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£518.5K	09/21	0.01 mi	Flat 6, Tait House, Greet Street, London, Greater London SE1 8NA	-	-	2	Flat
£600K	02/23	0.19 mi	105a, Stamford Street, London, Greater London SE1 9NN	-	-	2	Flat
£570K	02/21	0.28 mi	Flat 19, Mawdley House, Webber Row, London, Greater London SE1 8XQ	-	-	2	Flat
£408.5K	11/23	0.34 mi	Flat 18, Jurston Court, Gerridge Street, London, Greater London SE1 7QH	-	-	2	Flat
£490K	05/23	0.35 mi	Flat 11, Munro House, Murphy Street, London, Greater London SE1 7AJ	£9,423	52	2	Flat
£512.5K	03/23	0.36 mi	Flat 15, Amigo House, Morley Street, London, Greater London SE1 7QE	-	-	2	Flat
£765.5K	05/23	0.38 mi	Flat 22, Falcon Point, Hopton Street, London, Greater London SE1 9JW	-	-	2	Flat
£580K	03/21	0.46 mi	Apartment 208, East Block, Forum Magnum Square, London, Greater London SE1 7GN	-	-	2	Flat
£650K	11/20	0.48 mi	Flat 36, Sumner Buildings, Sumner Street, London, Greater London SE1 9JX	-	-	2	Flat
£450K	01/21	0.51 mi	Flat 20, St. Georges Court, Garden Row, London, Greater London SE1 6HD	-	-	2	Flat
£698K	02/23	0.52 mi	24, Isaac Way, London, Greater London SE1 1EE	-	-	2	Flat
£632.5K	09/21	0.57 mi	Flat B, 12, Gaywood Street, London, Greater London SE1 6HG	£7,324	86	2	Flat
£340K	07/23	0.62 mi	Flat 32, Telford House, Tiverton Street, London, Greater London SE1 6NY	-	-	2	Flat
£361K	10/23	0.65 mi	Flat 40, Stephenson House, Bath Terrace, London, Greater London SE1 6PR	-	-	2	Flat
£427K	02/21	0.65 mi	Flat 141, Wedgwood House, Lambeth Walk, London, Greater London SE11 6LP	-	-	2	Flat
£415K	05/21	0.7 mi	Flat 13, Banks House, Rockingham Street, London, Greater London SE1 6QQ	-	-	2	Flat
£584.5K	12/20	0.7 mi	Flat 92, Ratcliffe Court, Great Dover Street, London, Greater London SE1 4LD	-	-	2	Flat
£775K	11/21	0.71 mi	Flat 9, Victor Wharf, Clink Street, London, Greater London SE1 9DW	-	-	2	Flat
£577K	08/23	0.72 mi	165b, Brook Drive, London, Greater London SE11 4TG	£8,362	69	2	Flat
£930K	07/23	0.75 mi	Flat 148, Clifford's Inn, Fetter Lane, London, Greater London EC4A 1BY	-	-	2	Flat
£450K	12/20	0.78 mi	5, Dante Road, London, Greater London SE11 4RB	£5,921	76	2	Flat
£535K	06/21	0.79 mi	Flat 26, Kenneth Court, Kennington Road, London, Greater London SE11 6SS	-	-	2	Flat
£950K	01/22	0.8 mi	Flat 8, Amen Lodge, Warwick Lane, London, Greater London EC4M 7BY	-	-	2	Flat
£355K	11/20	0.8 mi	Flat 82, Whitworth House, Falmouth Road, London, Greater London SE1 6RN	-	-	2	Flat
£475K	01/21	0.81 mi	Flat 10, Harbledown House, Manciple Street, London, Greater London SE1 4LN	-	-	2	Flat
£930K	01/22	0.83 mi	44b, Bedford Street, London, Greater London WC2E 9HA	£12,933	72	2	Flat
£542.8K	05/23	0.85 mi	Flat 39, Vanbrugh Court, Wincott Street, London, Greater London SE11 4NS	-	-	2	Flat
£362K	02/23	0.86 mi	Flat 41, Bramwell House, Harper Road, London, Greater London SE1 6RL	-	-	2	Flat
£460K	01/23	0.86 mi	Flat 26, Gabriel House, Old Paradise Street, London, Greater London SE11 6AL	-	-	2	Flat
£375K	11/20	0.87 mi	23, Winchester Close, London, Greater London SE17 3DQ	£6,579	57	2	Flat
£480K	06/21	0.87 mi	Flat 11, Rochester House, Manciple Street, London, Greater London SE1 4LP	-	-	2	Flat
£414.5K	02/21	0.88 mi	47, Winchester Close, London, Greater London SE17 3DQ	£7,147	58	2	Flat
£390K	01/21	0.88 mi	77, Winchester Close, London, Greater London SE17 3DQ	£6,724	58	2	Flat
£407K	10/23	0.91 mi	Flat 7, Tabard House, Manciple Street, London, Greater London SE1 4DL	-	-	2	Flat
£650K	06/21	0.92 mi	Flat 9, Beaumont Buildings, Martlett Court, London, Greater London WC2B 5SF	-	-	2	Flat
£395K	05/21	0.93 mi	34, Marlborough Close, London, Greater London SE17 3AP	£6,930	57	2	Flat
£275.5K	04/21	0.94 mi	Flat 80, Ward Point, Hotspur Street, London, Greater London SE11 6UE	-	-	2	Flat
£311.5K	09/23	0.94 mi	Flat 56, Fairford House, Kennington Lane, London, Greater London SE11 4HR	-	-	2	Flat
£675K	07/23	0.98 mi	115a, Kennington Lane, London, Greater London SE11 4HQ	£8,332	81	2	Flat

Local Rents

50 rents from £2.3K/mo to £5.5K/mo, average is £3.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,500	12/24	0.01 mi	Greet Street, Tait House Greet Street, SE1	2	Flat
£2,250	08/24	0.03 mi	Greet Street, Southwark SE1	2	Flat
£2,817	12/24	0.03 mi	Windmill House, Windmill Walk, SE1	2	Flat
£2,817	12/24	0.04 mi	Windmill House, Windmill Walk, London SE1	2	Flat
£3,696	08/24	0.05 mi	Elliston Apartments, 9 Glade Path, Southwark, London, SE1	2	Flat
£2,800	08/24	0.06 mi	The Cut, London, SE1	2	Flat
£3,030	12/24	0.09 mi	-	2	Flat
£2,420	08/24	0.1 mi	Mitre Road, Southwark London SE1	2	Flat
£3,466	08/24	0.11 mi	Blackfriars Road, London, SE1	2	Flat
£3,466	08/24	0.11 mi	-	2	Flat
£3,700	08/24	0.11 mi	Blackfriars Road, London	2	Flat
£3,466	08/24	0.11 mi	Blackfriars Road, South Bank, London, SE1 8HA	2	Flat
£3,750	12/24	0.11 mi	Blackfriars Road, South Bank, London, SE1 8HA	2	Flat
£2,260	12/24	0.11 mi	-	2	Flat
£2,480	08/24	0.12 mi	Mitre Road, London, SE1	2	Flat
£2,500	08/24	0.12 mi	Mitre Road, Southwark London SE1	2	Flat
£2,650	12/24	0.12 mi	Mitre Road, Southwark London SE1	2	Flat
£3,600	08/24	0.12 mi	-	2	Semi-Detached House
£3,300	04/25	0.12 mi	-	2	Semi-Detached House
£3,300	04/25	0.12 mi	-	2	Semi-Detached House
£2,600	08/24	0.13 mi	Ufford Street, Southwark London SE1	2	Flat
£3,000	12/24	0.13 mi	-	2	Flat
£5,000	12/24	0.13 mi	-	2	Flat
£5,500	04/25	0.13 mi	-	2	Flat
£3,500	08/24	0.13 mi	Boulevard Apartments, Ufford Street, London, SE1	2	Flat
£4,311	12/24	0.14 mi	Ufford Street, London, SE1	2	Flat
£2,480	08/24	0.14 mi	MITRE ROAD, Southwark, London, SE1	2	Flat
£5,390	08/24	0.14 mi	Ufford Street, London, SE1 8FF, UK	2	Flat
£3,650	12/24	0.17 mi	-	2	Flat
£3,750	12/24	0.17 mi	Blackfriars Road, London, SE1	2	Flat
£2,440	08/24	0.17 mi	-	2	Terraced House
£3,696	08/24	0.19 mi	Pocock Street, Pocock Street	2	Flat
£3,796	12/24	0.19 mi	Blackfriars Road, Borough	2	Flat
£3,700	08/24	0.19 mi	Globe View House, London, SE1	2	Flat
£3,700	08/24	0.19 mi	-	2	Flat
£3,799	03/25	0.19 mi	-	2	Flat
£3,033	08/24	0.19 mi	Webber Street, London	2	Flat
£2,708	12/24	0.19 mi	Stamford Street, London SE1	2	Flat
£3,402	12/24	0.19 mi	Globe View House, Southwark, London SE1	2	Flat
£3,358	12/24	0.19 mi	Globe View House, Blackfriars Road, SE1	2	Flat
£2,400	04/25	0.2 mi	-	2	Flat
£3,850	12/24	0.2 mi	Stamford Street, London, SE1	2	Flat
£2,250	11/23	0.2 mi	Bridgehouse Court, Blackfriars Road, London, SE1	2	Flat
£3,200	08/24	0.21 mi	-	2	Flat
£2,995	08/24	0.21 mi	-	2	Flat
£3,150	08/24	0.21 mi	-	2	Flat
£3,300	08/24	0.21 mi	-	2	Flat
£3,250	12/24	0.21 mi	-	2	Flat
£2,995	08/24	0.21 mi	Stamford Street, London, SE1	2	Flat
£3,250	12/24	0.21 mi	Stamford Street, London, SE1	2	Flat

Local Area Statistics

Population in SE1	66,77766,777
Population in London	4,771,9214,771,921
Town centre distance	1.67 miles away1.67 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.10 miles away0.10 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-1%-1%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-20%-20%

Property History

Listed for £520,000

January 14, 2025

Floor Plans

Description

Winkworth presents a two-bedroom unmodernised flat with huge potential within the buzzing and central location that is The Cut, in central Waterloo. With vibrant bars, eateries and theatres nearby, this flat is perfectly placed for those wanting to be in the centre of the action. EPC rating D.

The flat is currently arranged to provide an entrance hall, kitchen, two equally well-sized bedrooms, bathroom and a reception room with balcony. Well-maintained communal gardens are also on offer for private residents.

The two bedrooms are carpeted throughout, both offering space to accommodate a double bed with additional space available for free-standing storage.

The reception room has beautiful wooden parquet flooring throughout with plenty of space to accommodate a sofa, dining table and coffee table. The balcony is also accessed from this point with great views stretching over London.

Both the kitchen and bathroom are in need of refurbishment but have good scope for any potential buyer to put their own stamp down.

Leasehold - new 150 years lease

SERVICE CHARGE, GROUND RENT, COUNCIL TAX
Service Charge - £1,964 per annum
Ground Rent - Nil
Council Tax Band - B

PARKING
A residents parking permit can be obtained from the Lambeth Council

UTILITIES
Electricity – Mains
Gas – Mains
Water – Mains
Heating – Gas
Sewerage – Mains
Broadband – superfast broadband

Location:
Tait House is located on Greet Street, just off The Cut in Waterloo. Overground and underground trains provide fast and direct links into the City and West End, making this the ideal location.

Directions:
Waterloo Station is approximately a 360m walk away, Southwark Underground is approximately 200m away. The area is also well served by frequent bus services into the West End and The City.

Agent Details

Winkworth, Kennington Sales

020 3909 6728

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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