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3 bedroom flat for sale
Flat 21, Landmann House, Rennie Estate, London SE16 3PF
£250,000
Flat 21, Landmann House, Rennie Estate, London SE16 3PF
£250,000
Our Summary
- For sale on 29 October 2025 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
- The auction will commence at 09:00
- 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
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
- 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)
- Auction: 29
- Investment Opportunity
Description
A 3-bedroom flat in a sought-after London postcode is up for auction on October 29, 2025. The property is currently generating an income of over £27,600 per year, offering a gross return of over 10% against the guide price. The flat is licensed and HMO-approved for three individuals, making it a lucrative investment opportunity. The property has been recently refurbished and features a new boiler, three double bedrooms, a kitchen, bathroom, and a balcony off bedroom one. The current tenants have started their 12-month ASTs, and the sale will be subject to SDL Property Auctions' buyers' terms, including a 5% deposit and a buyer's fee of 4.8% of the purchase price. The guide price and reserve price will be within 10% of each other, and the sale will take place online with live auctioneers.