3 bedroom maisonette

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• Prime Property Auctions is excited to present this excellent 3 bedroom maisonette flat situated within a prime location in London - *Guide Price £395,000*

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• *Flat A, 50 Cottington Street, London, SE11 4RZ Previously sold for £525,000. Flat 52, Pullens Building, Penton Place, Walworth, London, SE17 3SH Previously sold for £510,000. Flat 4, Sackville Court, 119, Kennington Park Road, London, SE11 4JS Previously sold for £641,000*

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• For rental purposes, the property could achieve a monthly rental of £3,400 - £4,000 per month (£40,800 - £48,000 p/a). This would provide an excellent 10 - 11% gross yield if achieved for the guide price of £395,000 - *HIGH YIELD POTENTIAL*

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• Excellent capital growth potential. Sure to appeal to shrewd investors looking for an easily lettable property in a sought after location or home owners looking for a fantastic new home.

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• Property is situated in a desirable area with great access to London underground lines, local amenities, restaurants & schools - *PRIME LOCATION*

Prime Property Auctions NEW ENTRY. Excellent 3 bedroom flat located within a sought after location in London - *Guide price £395,000*

Property Comprises: First Floor: Entrance Hallway. Second Floor: 2 large double bedrooms, Kitchen, Bathroom. Third Floor: Large double bedroom. Property benefits from ample storage throughout.

Property could benefit from a degree of renovation. Excellent BRR Opportunity. Sure to appeal to shrewd buy to let investors looking for rare auction property.

Recent Sales Evidence: 

*Flat A, 50 Cottington Street, London, SE11 4RZ Previously sold for £525,000. Flat 52, Pullens Building, Penton Place, Walworth, London, SE17 3SH Previously sold for £510,000. Flat 4, Sackville Court, 119, Kennington Park Road, London, SE11 4JS Previously sold for £641,000*

Prime Opportunity for Property investors & homeowners looking for a property in an excellent location with fantastic Capital growth potential.

Property is being offered at a fantastic price to ensure auction sale. 

High Yield Potential. Property could achieve a monthly rental of £3,400 - £4,000 per month (£40,800 - £48,000 p/a). This would provide an excellent 10 - 11% gross yield if achieved for the guide price of £395,000

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” button on our website.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location: 

Kennington, a district in Central London within the London Borough of Lambeth, attracts residents and investors due to its prime location, historical significance, and community appeal. Situated just a few miles south of central landmarks like the Houses of Parliament, Kennington offers excellent transport links, including its own Underground station on the Northern Line and several bus routes. The area is rich in history, with notable sites like the Imperial War Museum and the historic Kennington Park. Its cultural diversity adds to the vibrant community atmosphere. Housing options range from Victorian and Georgian terraces to modern apartments, catering to various tastes and budgets. Kennington Park provides a large green space for leisure activities, enhancing the residential appeal. The district boasts ample local amenities, including shops, restaurants, and pubs, particularly around Kennington Road and Elephant and Castle. Despite its proximity to central London, Kennington maintains a strong community feel, with local markets, community centres, and regular events. Its blend of accessibility, cultural richness, and community vibe makes Kennington a desirable place to live and a promising area for property investment.