# 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 | | Construction age | England and Wales: 1967-1975 | | Floor area | 76 m² | | Last sold | £470,000 Mar 2025 | ## EPC Rating & Upgrade Cost - **Current rating:** C - **Potential rating:** C - **Expiry date:** 13/10/2034 - **Current heating cost:** £394/year [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/9234-7920-0409-0304-2296) ## 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 - ![Photo](/listings/photos/156401051/241188) - ![Photo](/listings/photos/156401051/241189) - ![Photo](/listings/photos/156401051/241190) - ![Photo](/listings/photos/156401051/241191) - ![Photo](/listings/photos/156401051/241192) - ![Photo](/listings/photos/156401051/241193) - ![Photo](/listings/photos/156401051/241194) - ![Photo](/listings/photos/156401051/241195) - ![Photo](/listings/photos/156401051/241196) - ![Photo](/listings/photos/156401051/241197) - ![Photo](/listings/photos/156401051/241198) - ![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).* ## Price per Square Metre - **£/m²:** £6,579/m² ## 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)