3 bedroom Flat in London

Flat 21, Landmann House, Rennie Estate, London SE16 3PF
  • Property Type: Flat
  • Contract Type: Unconditional with Variable Fee

Guide Price* £250,000+ plus fees

Property Description

An investment opportunity to acquire a 3 double bedroom flat currently generating a handsome income in excess of £27,600 per year offering a gross return in excess of 10% against the guide price. This property comes Licensed and HMO approved for 3 individuals making it an extremely lucrative investment within an extremely sought after London postcode. Located just a short walk from Bermondsey tube station and a multitude of local amenities, shops, restaurants and cafes this property will be very appealing for new tenants. The property has been recently refurbished by the current owner to include a new boiler and is in good condition. Within the flat there are 3 double bedrooms, kitchen, bathroom with additional WC, as well as a balcony off bedroom 1. This flat is located on the 6th floor. The current tenants started their ASTs Feb 1st 2025 and run for 12 months, please see legal pack for full details.

Leasehold Information

The seller has informed us the service charge is £2,330.42 from Apr 2025 - Mar 2026 and is reviewed annually. The ground rent is £10 per annum. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.


Note to Buyers

Prospective buyers are to note that the legal pack does not include a leasehold sale pack and are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.


Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 29th October 2025

Venue National Property Auction
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

Flat 21, Landmann House, Rennie Estate, London SE16 3PF