Sold STC Flat

Flat 92

PENROSE HOUSE, PENROSE STREET, LONDON, GREATER LONDON SE17 3EA

3 beds 1 baths 76 m² Listed 2 Jan 2025 (-527d)

£500,000

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# 3 bedroom flat for sale (SE17 3EA)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 92, PENROSE HOUSE, PENROSE STREET, LONDON, GREATER LONDON SE17 3EA |
| Price | £500,000 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Last sold | £470,000 Mar 2025 |

## Description

A larger than average three- bedroom, third- floor flat with a private balcony. The flat has a good sized kitchen/ diner and reception room with ample storage.

- 3 large and light flooded bedrooms

- multiple storage spaces

- private balcony faced on garden

- view on the iconic attractions, as: Shard, London Eye, Big Ben, Battersea

- close to schools, universities

- parking available

## Property Photos

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- ![Photo](/listings/photos/156401051/241199)

## Floorplans

- ![Floorplan 1](/listings/photos/156401051/241200) - Floorplan 1

## EPC Graphs

- ![EPC 1](/listings/photos/156401051/241201) - EPC 1

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| PENROSE HOUSE FLAT 92 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3EA | £470,000 | 31/03/2025 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 104A CARTER STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3EW | £559,000 | 16/01/2026 | Flat |
| 66 FLAT 3 SUTHERLAND SQUARE, LONDON, SOUTHWARK, GREATER LONDON, SE17 3EL | £410,000 | 09/09/2025 | Flat |
| [Same street] PENROSE HOUSE FLAT 107 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3EA | £465,000 | 27/11/2023 | Flat |
| 5 FLAT 1 DANSON MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE17 3FP | £645,000 | 20/11/2023 | Flat |
| PENROSE HOUSE FLAT 18 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3DX | £331,000 | 17/11/2023 | Flat |
| 11 FLAT 23 ANGEL LANE, LONDON, SOUTHWARK, GREATER LONDON, SE17 3FH | £840,000 | 10/08/2023 | Flat |
| PENROSE HOUSE FLAT 2 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3DU | £382,000 | 04/07/2023 | Flat |
| 5 FLAT 12 DANSON MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE17 3FP | £625,000 | 21/04/2023 | Flat |
| 1 MARSLAND CLOSE, LONDON, SOUTHWARK, GREATER LONDON, SE17 3JW | £390,000 | 20/12/2022 | Flat |
| PENROSE HOUSE FLAT 82 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3DY | £440,000 | 18/10/2022 | Flat |
| 30 MARSLAND CLOSE, LONDON, SOUTHWARK, GREATER LONDON, SE17 3JW | £495,000 | 26/09/2022 | Flat |
| ABBEY COURT FLAT 2 MACLEOD STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3HA | £395,000 | 15/09/2022 | Flat |
| PENROSE HOUSE FLAT 84 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3DY | £425,000 | 26/08/2022 | Flat |
| 3 FLAT 14 DANSON MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE17 3FN | £662,500 | 24/08/2022 | Flat |
| 5 FLAT 13 DANSON MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE17 3FP | £715,000 | 16/08/2022 | Flat |
| 5 FLAT 2 DANSON MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE17 3FP | £642,500 | 05/08/2022 | Flat |
| 5 FLAT 8 DANSON MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE17 3FP | £630,000 | 25/05/2022 | Flat |
| 72 CARTER STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3EW | £650,000 | 04/05/2022 | Flat |
| 3 FLAT 26 DANSON MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE17 3FN | £761,000 | 14/04/2022 | Flat |
| EGLINGTON COURT FLAT 26 LORRIMORE ROAD, LONDON, SOUTHWARK, GREATER LONDON, SE17 3LY | £420,000 | 05/04/2022 | Flat |
| [Same street] PENROSE HOUSE FLAT 97 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3EA | £420,000 | 25/03/2022 | Flat |
| 5 FLAT 26 DANSON MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE17 3FP | £620,000 | 11/02/2022 | Flat |
| [Same street] PENROSE HOUSE FLAT 95 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3EA | £380,000 | 29/11/2021 | Flat |
| [Same street] PENROSE HOUSE FLAT 86 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3EA | £392,000 | 14/10/2021 | Flat |
| [Same street] PENROSE HOUSE FLAT 108 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3EA | £465,000 | 28/06/2021 | Flat |

**Street average:** £424,400 (5 sales)
**Area average:** £551,900 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £535,223 (44 Flat, SE17, 2024–2026)
- **Deviation:** -6.6%

## Rental Range

*ONS Price Index of Private Rents (Southwark). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £2,156/mo
- **Realistic:** £2,395/mo
- **Optimistic:** £2,635/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Cambridge (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £1,122/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 3 Bed Semi-Detached House, Walworth Road, SE17 | £4,500/mo | 3 | 0.17 miles | OpenRent |
| 3 Bed Flat, Browning Street, SE17 | £3,300/mo | 3 | 0.22 miles | OpenRent |

**Average rent: £3,900/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.78% (weak for cashflow)
- **Max investor price (0.8%):** £487,500
- **Target investor price (1%):** £390,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £3,900/mo).*

- **Gross yield:** 9.4%
- **Cost-to-rent:** 10.7×
- **Monthly cashflow:** £1,516/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 12.5%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 1.9%
- **10y growth:** 8.8%

## House Price Index (HM Land Registry)

*Official index for Southwark; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -4.7%
- **5y growth (index):** -5%
- **10y growth (index):** -8.3%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

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Property details

Tenure

LEASEHOLD

Floor area

76 m²

Last sold

£470,000 Mar 2025

Local average

£535,223 (-6.6%)

Deprivation

Decile 3 (8,354 of 33,755)

Street crime

1768 incidents within 1 mile (Apr 2026)

Key features

Three Bedrooms
One Bathroom
Third- Floor
Private Balcony
Ample Storage
Excellent Location
819 sq. ft./ 76 sq. m.
EPC Rating C

Additional details

Parking: Yes
Garden: Yes

Description

A larger than average three- bedroom, third- floor flat with a private balcony. The flat has a good sized kitchen/ diner and reception room with ample storage.
- 3 large and light flooded bedrooms
- multiple storage spaces
- private balcony faced on garden
- view on the iconic attractions, as: Shard, London Eye, Big Ben, Battersea
- close to schools, universities
- parking available

Listed by

Kennington

The Lomond Group

Reference: 156401051

EPC ratings on this postcode

We don't have a matched EPC for this property yet. Below are efficiency scores and details for other addresses on this postcode.

Address	Current	Potential	Floor area	Age band	Type
Flat 92, Penrose House, Penrose Street, LONDON	78	78	76 m²	England and Wales: 1967-1975	Flat

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

EPC Graphs

EPC 1

Price history

Event	Date	Price	% change
Sold	31/03/2025 (1 year ago)	£470,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
104A CARTER STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3EW	£559,000	16/01/2026	Flat
66 FLAT 3 SUTHERLAND SQUARE, LONDON, SOUTHWARK, GREATER LONDON, SE17 3EL	£410,000	09/09/2025	Flat
Same street PENROSE HOUSE FLAT 107 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3EA	£465,000	27/11/2023	Flat
5 FLAT 1 DANSON MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE17 3FP	£645,000	20/11/2023	Flat
PENROSE HOUSE FLAT 18 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3DX	£331,000	17/11/2023	Flat
11 FLAT 23 ANGEL LANE, LONDON, SOUTHWARK, GREATER LONDON, SE17 3FH	£840,000	10/08/2023	Flat
PENROSE HOUSE FLAT 2 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3DU	£382,000	04/07/2023	Flat
5 FLAT 12 DANSON MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE17 3FP	£625,000	21/04/2023	Flat
1 MARSLAND CLOSE, LONDON, SOUTHWARK, GREATER LONDON, SE17 3JW	£390,000	20/12/2022	Flat
PENROSE HOUSE FLAT 82 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3DY	£440,000	18/10/2022	Flat
30 MARSLAND CLOSE, LONDON, SOUTHWARK, GREATER LONDON, SE17 3JW	£495,000	26/09/2022	Flat
ABBEY COURT FLAT 2 MACLEOD STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3HA	£395,000	15/09/2022	Flat
PENROSE HOUSE FLAT 84 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3DY	£425,000	26/08/2022	Flat
3 FLAT 14 DANSON MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE17 3FN	£662,500	24/08/2022	Flat
5 FLAT 13 DANSON MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE17 3FP	£715,000	16/08/2022	Flat
5 FLAT 2 DANSON MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE17 3FP	£642,500	05/08/2022	Flat
5 FLAT 8 DANSON MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE17 3FP	£630,000	25/05/2022	Flat
72 CARTER STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3EW	£650,000	04/05/2022	Flat
3 FLAT 26 DANSON MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE17 3FN	£761,000	14/04/2022	Flat
EGLINGTON COURT FLAT 26 LORRIMORE ROAD, LONDON, SOUTHWARK, GREATER LONDON, SE17 3LY	£420,000	05/04/2022	Flat
Same street PENROSE HOUSE FLAT 97 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3EA	£420,000	25/03/2022	Flat
5 FLAT 26 DANSON MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE17 3FP	£620,000	11/02/2022	Flat
Same street PENROSE HOUSE FLAT 95 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3EA	£380,000	29/11/2021	Flat
Same street PENROSE HOUSE FLAT 86 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3EA	£392,000	14/10/2021	Flat
Same street PENROSE HOUSE FLAT 108 PENROSE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE17 3EA	£465,000	28/06/2021	Flat

Street average: £424,400 (5 sales)

Area average: £551,900 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 1.9%

10y growth 8.8%

House Price Index (HM Land Registry — official index, not sold-price averages): Southwark. Series: Flats and maisonettes. As of March 2026.

1y (index) -4.7%

5y (index) -5%

10y (index) -8.3%

Rental Range

Estimated market rent for Southwark. Low = conservative, Realistic = average, Optimistic = best case.

Low £2,156/mo

Realistic £2,395/mo

Optimistic £2,635/mo

Based on Local Authority from postcode lookup → Southwark.

LHA (30th percentile) floor for Cambridge: £1,122/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View SE17 3EA

Address

Penrose Street

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Bus stop	St Paul's Primary School	0.0 miles
Shop	K.P. Corner Stores	0.1 miles
Shop	Poundland	0.1 miles
Train station	Kennington	0.4 miles
Train station	Elephant & Castle	0.5 miles
University	London College of Communication	0.6 miles
University	University of Wales Trinity Saint David London Campus	0.7 miles
Hospital	Cambian Churchill	0.9 miles
Hospital	Evelina London Children's Hospital	1.2 miles

Street-level crime

Category	Count
Violence and sexual offences	396
Anti-social behaviour	368
Theft from the person	259
Other theft	131
Shoplifting	125
Drugs	95
Criminal damage and arson	78
Public order	78
Robbery	72
Burglary	51
Vehicle crime	48
Bicycle theft	37
Other crime	18
Possession of weapons	12
Total incidents	1768

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
St Paul's Church of England Primary School	Primary	0.1 miles	Good — 25 Sep 2023
St Peter's Church of England Primary School	Primary	0.2 miles	Good — 15 Feb 2013
John Ruskin Primary School and Language Classes	Primary	0.2 miles	Outstanding — 29 Nov 2023
Crampton Primary	Primary	0.3 miles	Outstanding — 20 May 2024
Robert Browning Primary School	Primary	0.3 miles	Good — 16 Nov 2021

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
3 Bed Semi-Detached House, Walworth Road, SE17	£4,500/mo	3	0.17 miles	OpenRent
3 Bed Flat, Browning Street, SE17	£3,300/mo	3	0.22 miles	OpenRent

Average rent: £3,900/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.78%

Max investor price (0.8%) £487,500

Target investor price (1%) £390,000

Gross yield 9.4%

Cost-to-rent ratio 10.7×

Monthly cashflow £1,516/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 12.5%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).

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