East Surrey Grove, SE15 – Peckham
Guide price: £400,000 – £450,000
Ref: JH0676

A rare opportunity to acquire a large, fully let, double-digit yielding asset in a rapidly improving SE15 location — ideal for investors seeking immediate income with strong long-term demand. This property is not suitable for buyers looking for a property to live in for that reason - it is occupied and being sold as a tenanted investment.

A five-bedroom, two-bathroom apartment arranged over three floors, offering approximately 1,100sqft of internal space and a private roof terrace. Fully refurbished in 2018, the property is presented in excellent condition throughout and is offered chain free.

This is a proven, high-yield investment with zero vacancy since refurbishment, having been let back-to-back and consistently achieving a current rent in excess of £4,250 per calendar month. The property has been particularly popular with students from Mountview Academy of Theatre Arts and London College of Arts, underpinning long-term demand.

East Surrey Grove has also seen significant new-build development, further strengthening rental and resale appeal in this part of Peckham.

Key investment figures:
💷 Current rent: £4,250 pcm
📈 Annual rent: £51,000
📊 NET yield: ~10% (based on £450,000 purchase price)

Property highlights:
🏠 Five bedrooms arranged over three floors
🛁 Two modern bathrooms
🌇 Private roof terrace
🍽️ Modern fitted kitchen with dishwasher, two fridges & washing machine
🔥 Communal boiler system for heating & hot water
🪟 Fully double glazed throughout
🎓 Exceptionally strong student demand
🚗 Permit parking available
🔑 Chain free

Further details:

Tenure: Leasehold
Lease remaining: 99 years
Ground rent: £10 per annum
Council tax: London Borough of Southwark – Band B
EPC Rating D
Service Charge: £3000pa
Heating and HW Charge: £3030pa

We are required by the Estate Agents Act 1979 to disclose that personal interest we or our connected persons (including staff, associates, or family) have in this property.

Flat in London