• FOR SALE BY ONLINE AUCTION +
• 6 WEEKS’ COMPLETION +
• Ground floor apartment +
• Two bedrooms +
• Requires modernisation +
• Vacant leasehold +

A large vacant ground floor apartment with two double bedrooms in a low-rise purpose-built block. The property includes direct access to a private rear garden and requires modernisation, offering clear scope for improvement.

Located close to Walworth Road and Elephant & Castle, the area is undergoing significant regeneration with excellent transport links via Elephant & Castle Underground (Northern and Bakerloo lines) and multiple bus routes into the City and West End.

With an estimated rental value of £2,100 - £2,200 per calendar month and a gross yield of 10.1%, this is a strong investment prospect. The apartment falls within Phase 4 of the Elephant & Castle regeneration and is subject to the council’s confirmed Compulsory Purchase Order (CPO). Compensation is typically paid at market value, with additional statutory payments where applicable.

The property is most suitable for cash buyers, as mortgage lending can be restricted on CPO-affected homes. It presents an opportunity for strong short-term rental returns with secure compensation potential through the regeneration programme.