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Upper Ground, London, SE1

London

£650,000

Listed on 20/06/2026

Property Details

Bedrooms
2
Type
Apartment
Area
1200 sqft

Description

This property represents a significant renovation opportunity within a notable development on the South Bank. Spanning 1,200 square feet across two levels, the apartment includes a kitchen/breakfast area, a reception room, and a WC on the ground floor. The upper floor features two spacious double bedrooms, a bathroom, and additional storage options, complemented by a winter garden that offers delightful views of the Thames and the City skyline. This apartment is in need of extensive internal refurbishment to unlock its full potential. The sale comes with a leasehold of approximately 49 years remaining (as of July 30, 2025), which has been taken into account in the valuation. Conveniently located just 0.3 miles from both Blackfriars and Southwark stations and close to popular attractions like Borough Market and Tate Modern, this flat is ideal for those looking to invest in a prime location. Residents also benefit from parking facilities and concierge services. An EWS1 certificate confirming an A1 rating is available.

Investment Analysis

(SE1 area)

Below Market Value

This property is priced -39.0% below area average per sq ft

-39.0%
Potential saving
This Property
£542/sq ft
Area Average
£888/sq ft
Avg Rent (weekly)
£674
Avg Yield
4.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£1,172,688
10% above area average per sq ft
Potential ROI
+56.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (SE1)

Area prices are falling by -3.2% over the last 12 months
3 year growth: -13.7%
5 year growth: -27.0%
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

Upper Ground, London, SE1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,456
Based on a loan of £487,500 over 30 years at 4.45% 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.

Stamp Duty Calculator

Price History

-7.1% since listed
£650,000£50,000(-7.1%)
10/01/2026
Current price
£700,000Initial listing
04/10/2025

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