Worst House on the Street Logo
Tyers Estate, Bermondsey Street, London, SE1 - Image 1
Tyers Estate, Bermondsey Street, London, SE1 - Image 2
Tyers Estate, Bermondsey Street, London, SE1 - Image 3
Tyers Estate, Bermondsey Street, London, SE1 - Image 4
Tyers Estate, Bermondsey Street, London, SE1 - Image 5
Tyers Estate, Bermondsey Street, London, SE1 - Image 6
Tyers Estate, Bermondsey Street, London, SE1 - Image 7
Tyers Estate, Bermondsey Street, London, SE1 - Image 8

Tyers Estate, Bermondsey Street, London, SE1

London

£500,000
Listed on 05/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
717 sqft

Description

Situated in the vibrant area of Bermondsey Street, this two-bedroom maisonette offers a promising opportunity for renovation and investment. This purpose-built property features a lounge, kitchen, two double bedrooms, and a bathroom, providing a solid foundation to create a modern living space that meets contemporary standards. The property requires some updating, which presents an ideal scenario for those looking to personalize their home or enhance its value through thoughtful renovations. With a generous lease of 115 years remaining, potential buyers can feel assured about future ownership. Location is another significant advantage; the property is conveniently positioned just 0.4 miles from London Bridge Station, ensuring excellent connections via both Overground and Underground services. This accessibility makes it appealing for commuters and adds to its rental attractiveness. Additionally, nearby amenities contribute to an urban lifestyle filled with cafes, shops, and leisure options. Families will benefit from the proximity to highly-rated primary schools located merely 0.1 miles away. With the council tax band set at B and manageable service charges of £1923 annually alongside a minimal ground rent of £10, this property not only serves as a comfortable residence but also as a strategic investment with strong future potential. This maisonette represents an opportunity to enter the ever-desirable London market with potential for capital growth through targeted improvements. Viewing is encouraged for those interested in transforming this space into something special.

Investment Analysis

(SE1 area)

Below Market Value

This property is priced -24.1% below area average per sq ft

-24.1%
Potential saving
This Property
£697/sq ft
Area Average
£918/sq ft
Avg Rent (weekly)
£616
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£724,303
10% above area average per sq ft
Potential ROI
+36.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (SE1)

Area prices are stable by +1.8% over the last 12 months
3 year growth: -9.6%
5 year growth: -27.9%
Investment Disclaimer: Analysis based on SE1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Tyers Estate, Bermondsey Street, London, SE1
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,832
Based on a loan of £375,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE