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.