Description

A recently refurbished two double bedroom, two bathroom apartment on one of the most highly sought after roads in SE15. Boasting an internal area of almost 700 SqFt, the property, which is offered with no onward chain and a new 170 year lease, comprises of; light and airy reception room with fully integrated kitchen, sizable master bedroom with en-suite, 2nd double bedroom and modern bathroom. A short walk to Nunhead station with links to Victoria, Blackfriars, Farringdon and Elephant and castle Continued...

Letting fees

No tenancy admin fees apply to tenancies signed after 1st June 2019.

You will be required to pay a Holding Deposit, equivalent to 1 week's rent in order to commence the process to reserve a property for consideration for tenancy.

The Holding deposit can be held for up to 15 days (The Deadline for Agreement) by which time unless mutually agreed to be extended the tenancy agreement must be signed and entered into.

The Holding Deposit is refundable (within seven days) to the tenant when the landlord and tenant agree a tenancy agreement (or where agreed in writing, can be used as part payment towards the first month's rent where a tenancy is agreed); It is also refundable to the tenant where the landlord decides before the deadline to not enter into a tenancy agreement or where the landlord and tenant fail to agree to a tenancy agreement before the deadline.

The Holding Deposit will be retained by the landlord or us as letting agent in the following circumstances:

Where the tenant applicant fail the Right to Rent check regardless of when the deposit was accepted.

Where the tenant provides false or misleading information, which we have reasonably relied upon to consider the decision to grant the tenancy because this materially affects suitability to rent the property.

Where the tenant notifies the landlord or us before the deadline for agreement that they have decided not to enter a tenancy agreement.

Where the tenant fails to take all reasonable steps to enter into a tenancy agreement.

Once your offer has been accepted the full monies for the commencement of the tenancy will fall due, including typically the first month's rent, and a deposit equivalent to 5 weeks rent (if annual rent for the tenancy is less than £50,000). The Holding deposit can be utilised towards the first month's rent.

Tenant Protection

ludlowthompson is a member of ARLA Propertymark, which is a client money protection scheme, and also a member of The Property Ombudsman, which is a redress scheme. You can find out more details on the website or by contacting ludlowthompson directly.

Property features

  • Recently renovated period apartment
  • Two double bedrooms
  • Two bathrooms
  • New 170 year lease
  • Highly sought after location in SE15
  • Excellent transport links
  • No onward chain
  • Available to view immediately
  • EPC
Travel time to work:

  • Crofton Park - 0.78km, 12 mins walk
    • National Rail
  • Honor Oak Park - 0.87km, 13 mins walk
    • Overground
  • Brockley - 0.94km, 14 mins walk
    • Overground

Rental Yield

Average rental value

£308pw

Average weekly rent of nearby 2 beds.

Annual rental yield

3.8%

Gross yield if rented for the average rent.

Sale price

Average asking price

£429,903

Average asking price of nearby 2 beds.

Value for money

1% cheaper

This property is slightly cheaper than average.

Price growth

Last 5 year price growth

Property prices in this area have increased at this rate per year over the last 5 years.

Estimated Value in 5 years

If historic price growth continues, this property could be worth this much in 5 years.

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Marketed by

Ludlow Thompson - Dulwich
81-83 Lordship Lane, London, SE22 8EP

020 3478 3631

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