Peregrine House, Sullivan Close, London
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
2
- SIZE
Ask agent
Key features
- Immediate income, no void - sitting tenant in place at £30,000 p.a. from day one of ownership
- Strong returns - 7.23% gross / 6.0% net yield, well ahead of typical prime SW11 flats
- Long-term security of tenure - Share of Freehold with a 999-year lease
- Reduced capex risk - new heating system, flooring, and full re-decoration already completed
- Rare allocated parking space, boosting both rental and resale appeal
- Prime, regenerating location - 5-8 min walk to Clapham Junction, with Battersea Power Station/Nine Elms regeneration and Northern Line extension nearby
Description
A superb two-bedroom, two-bathroom investment opportunity in the heart of SW11, offered with the significant benefit of Share of Freehold and a 999-year lease.
Set within the popular and well-managed Peregrine House development, this beautifully presented apartment extends to approximately 863 sq ft (80.2 sq m) and comprises a spacious principal bedroom with en-suite bathroom, a further well-proportioned double bedroom, and a family bathroom. The flat also benefits from an allocated car parking space, a genuine rarity in this part of SW11.
The property has recently undergone a comprehensive programme of improvement works, including a new electric central heating system, new floating flooring with thermal and acoustic insulation, and full re-decoration throughout, enhancing both comfort and rental appeal. A new EPC has been commissioned following these upgrades.
The flat is currently let at £2,500 PCM (£30,000 per annum), reflecting a strong gross yield of approximately 7.23% at the asking price (6.0% net of service charge), with a sitting tenant in situ providing immediate income from completion.
Residents of Peregrine House enjoy an excellent range of on-site facilities including a swimming pool, gymnasium, landscaped gardens, parking, and estate security.
Ideally located for Clapham Junction, one of Europe's busiest and best-connected rail interchanges , offering fast links to Waterloo, Victoria, the South Coast, and Gatwick Airport. The wider area continues to benefit from major regeneration around Battersea Power Station and Nine Elms, including the new Northern Line extension, alongside the green spaces of Battersea Park and Wandsworth Common and the boutiques and restaurants of Northcote Road.
An excellent opportunity for investors seeking a well-located, income-producing asset with strong fundamentals. Viewings highly recommended.
Tenure: Share of Freehold, 999-year lease. Service charge approx. £5,500 p.a. EPC: E (new EPC commissioned).
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Peregrine House, Sullivan Close, London
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Visit our security centre to find out moreDisclaimer - Property reference peregrine-house. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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