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Rivet House, Southwark, London

London

£335,000
Listed on 24/03/2026

Property Details

Bedrooms
3
Type
Flat

Description

This three-bedroom split-level apartment within Rivet House presents a significant renovation opportunity for those looking to invest in a full refurbishment project. The space, approximating 840 sq ft, is currently in need of modernisation, making it ideal for investors or families eager to imprint their personal style. The first floor features a spacious reception room that opens onto a private balcony and includes a separate kitchen. Ascending to the upper level, you'll find three generously sized bedrooms that are flooded with natural light, complemented by a separate bathroom and WC. Built-in storage solutions throughout the apartment enhance its practicality. Situated just off Old Kent Road, this location boasts easy access to an array of shops, cafés, and local amenities, as well as nearby Burgess Park. Transport links are excellent with frequent buses to London Bridge and the City; South Bermondsey station is about a 19-minute walk for National Rail access while Elephant & Castle and Bermondsey stations offer Underground services. The property is sold with vacant possession, making it an appealing option for those ready to start their renovation journey.

Investment Analysis

(SE1 area)
Area Average
£906/sq ft
Avg Rent (weekly)
£624
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (SE1)

Area prices are falling by -2.1% over the last 12 months
3 year growth: -10.1%
5 year growth: -28.3%
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

Rivet House, Southwark, London
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,208
Based on a loan of £251,250 over 30 years at 4.06% 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.

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