Sold STC Flat

FLAT 120

CARAWAY APARTMENTS, 2, CAYENNE COURT, LONDON, GREATER LONDON SE1 2PP

2 beds 2 baths 1,076 sq ft Listed 3 Jan 2026 (-253d)

£975,000

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Property details

Floor area

100 m²

Council tax band

G

EPC rating

D

Year built

England and Wales: 1996-2002

Last sold

£975,000 Apr 2026

Price per m²

£9,750/m²

Local average

£636,373 (+53.2%)

Deprivation

Decile 9 (27,956 of 33,755)

Street crime

2110 incidents within 1 mile (Jul 2026)

Key features

  • Must-watch video tour
  • Chain free sale
  • Fully refurbished 1,076 sq. ft. apartment
  • Two double bedroom suites
  • Large reception room with dining area
  • Separate refurbished kitchen
  • Private balcony
  • Off-street underground parking space
  • 24-hour concierge
  • Gym and swimming pool

Additional details

Electricity
Mains supply
Water
Mains supply
Sewerage
Mains supply
Accessibility
Lateral living, Lift access, Step-free access
Parking
Covered, Off street, Gated, Allocated, Private, Garage en bloc
Listed property
No
Flooded in last 5 years
No

Description

Cayenne Court is a highly sought-after development just moments from Tower Bridge. It is a modern, excellently maintained residence built in the warehouse style that Shad Thames is famous for. It has a 24-hour concierge and security team, a secure underground parking garage with lift access directly to the apartments and residents enjoy access to a private gym, swimming pool, sauna and jacuzzi.

This first floor apartment is spacious throughout with almost 1,100 sq. ft. of fully refurbished internal living space. A large living room has double warehouse doors onto a private balcony overlooking a quiet internal courtyard. There is also a stylish dining area.

Both bedrooms are excellently sized double bedrooms, and both have ensuite bathrooms that have been stylishly renovated. The recently updated, separate kitchen is sleek and neutrally finished. It has plentiful storage and is fully equipped with high specification appliances - no expense has been spared. A welcoming, broad hallway greets guests, has space for additional storage and there is a guest WC in the same style as the two bathrooms.

The current owner has gone to additional lengths to ensure the perfect nights' sleep; the principal bedroom has had black out blinds and secondary glazing installed to keep any noise out and also the warmth in. The floors have also been replaced throughout, with heat and sound insulation and the bedroom and living rooms walls that adjoin with the sole neighbour have also been sound-insulated. Furthermore, the apartment has had modern smart heaters installed that can be controlled manually or via the Wi-Fi with an app. The same attention to detail has been applied to the refurbishment of the bathrooms and kitchen.

Cayenne Court is close to the Tower Bridge and the Shad Thames waterfront. Many residents walk to work in nearby More London or in the City just across the bridge. The area has several popular cafes, restaurants and gyms. The Bridge Theatre is also just a few minutes' walk away. Borough Market, London Bridge stations and Bermondsey St with its art galleries, museums and restaurant scene are all within easy walking distance.

The property is being sold with no onward chain and comes with a secure private parking space in the garage beneath the development.

Please watch the video tour.

Chain free sale
Long leasehold with 999 years from June 1999
Latest annual service charge £8,080 incl. reserve fund contribution
Annual ground rent £500
London Borough of Southwark Band G

Listed by

Tower Bridge

Anderson Rose

Reference: 170791664

EPC Rating & Upgrade Cost

Current rating: D

Potential rating: C

Inspection date: 08/04/2025

Expiry date: 07/04/2035

Current heating cost: £1,237/year

Potential heating cost: £748/year

Est. upgrade cost to C: £1,500

Recommendations

  • High heat retention storage heaters (£1,200 - £1,800)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Registered land (INSPIRE)

This location falls inside an HM Land Registry INSPIRE registered freehold polygon.

Building plot (shared): ~3,476 m² (0.86 acres) (area is for the building, not the flat)

Source: HM Land Registry INSPIRE Index Polygons.

Floorplans

Floorplan

Floorplan

EPC Graphs

EPC Rating Graph

EPC Rating Graph

Price history

Event Date Price % change
Sold 27/04/2026 (4 months ago) £975,000

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
WHEAT WHARF APARTMENTS, 27 FLAT 9 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YW £980,000 09/01/2026 Flat
EAGLE WHARF COURT FLAT 24 LAFONE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2LZ £560,000 09/01/2026 Flat
Same street CARAWAY APARTMENTS, 2 FLAT 217 CAYENNE COURT, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PP £515,000 22/12/2025 Flat
BOSS HOUSE, 2 FLAT 15 BOSS STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PS £700,000 05/12/2025 Flat
TAMARIND COURT, 18 FLAT 54 GAINSFORD STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2NE £700,000 20/11/2025 Flat
TAMARIND COURT, 18 FLAT 11 GAINSFORD STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2NE £540,000 14/11/2025 Flat
THAMES HEIGHTS, 52 - 54 FLAT 3 GAINSFORD STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2NB £454,000 20/10/2025 Flat
BOSS HOUSE, 2 FLAT 26 BOSS STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PS £1,260,000 06/08/2025 Flat
SPICE QUAY HEIGHTS, 32 FLAT 612 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YL £650,000 22/05/2025 Flat
SPICE QUAY HEIGHTS, 32 FLAT 515 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YL £1,750,000 22/01/2025 Flat
BOSS HOUSE, 2 FLAT 43 BOSS STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PS £525,000 14/12/2023 Flat
FENNEL APARTMENTS, 3 FLAT 405 CAYENNE COURT, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PJ £450,000 09/11/2023 Flat
BUTLERS WHARF BUILDING, 36 SUITE 208 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YE £500,000 12/10/2023 Flat
ANCHOR BREWHOUSE, 50 FLAT 17 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2LY £450,000 29/09/2023 Flat
Same street CARAWAY APARTMENTS, 2 FLAT 603 CAYENNE COURT, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PP £530,000 15/09/2023 Flat
BOSS HOUSE, 2 FLAT 24 BOSS STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PS £1,050,000 05/09/2023 Flat
TAMARIND COURT, 18 FLAT 11 GAINSFORD STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2NE £550,000 06/07/2023 Flat
WHEAT WHARF APARTMENTS, 27 FLAT 6 SHAD THAMES, LONDON, SOUTHWARK, GREATER LONDON, SE1 2YW £820,000 05/07/2023 Flat
VANILLA AND SESAME COURT FLAT 105 CURLEW STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2NP £490,000 03/07/2023 Flat
EAGLE WHARF COURT FLAT 33 LAFONE STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 2LZ £930,500 11/05/2023 Flat
ADMIRALS COURT, 30 FLAT 22 HORSELYDOWN LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 2LJ £750,000 09/05/2023 Flat
104 BUTLERS & COLONIAL WHARF, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PY £540,000 21/04/2023 Flat
Same street CARAWAY APARTMENTS, 2 FLAT 518 CAYENNE COURT, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PP £527,500 09/12/2022 Flat
Same street CARAWAY APARTMENTS, 2 FLAT 217 CAYENNE COURT, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PP £535,000 20/10/2022 Flat
Same street CARAWAY APARTMENTS, 2 FLAT 505 CAYENNE COURT, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PP £510,000 17/10/2022 Flat
Same street CARAWAY APARTMENTS, 2 FLAT 423 CAYENNE COURT, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PP £490,000 09/09/2022 Flat
Same street CARAWAY APARTMENTS, 2 FLAT 115 CAYENNE COURT, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PP £970,000 01/07/2022 Flat
Same street CARAWAY APARTMENTS, 2 FLAT 616 CAYENNE COURT, LONDON, SOUTHWARK, GREATER LONDON, SE1 2PP £435,350 10/06/2022 Flat

Street average: £564,106 (8 sales)

Area average: £732,475 (20 sales)

Capital growth trend

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

5y growth -39.3%
10y growth -6.7%

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

1y (index) 1.7%
5y (index) 1.5%
10y (index) -3.7%

Rental Range

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

Low £2,188/mo
Realistic £2,431/mo
Optimistic £2,674/mo

Based on Local Authority from postcode lookup → Southwark.

LHA (30th percentile) floor for Inner South East London: £1,546/mo (Apr 2025 – Mar 2026)

Location

Address

3 Cayenne Court

Nearby

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

Type Name Distance
Shop Field & Sons 0.1 miles
Shop London Family Gifts 0.1 miles
Bus stop Tower Bridge 0.1 miles
University Northeastern University London 0.2 miles
Train station Tower Hill 0.5 miles
Train station London Bridge 0.5 miles
University London School of Commerce 0.7 miles
Hospital Medlabs Diagnostics 2.0 miles
Hospital Moorfields at Hoxton 2.3 miles

Street-level crime

Category Count
Violence and sexual offences 440
Theft from the person 339
Other theft 325
Anti-social behaviour 317
Shoplifting 168
Burglary 106
Robbery 90
Public order 88
Drugs 65
Bicycle theft 64
Vehicle crime 64
Criminal damage and arson 19
Possession of weapons 14
Other crime 11
Total incidents 2110

Within 1 mile during Jul 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
Tower Bridge Primary School Primary 0.2 miles Good — 16 Feb 2016
St Joseph's Catholic Primary School Primary 0.3 miles Good — 10 Nov 2021
St Michael's Catholic College Secondary 0.4 miles Outstanding — 3 Sep 2013
Hermitage Primary School Primary 0.4 miles Requires improvement — 28 Jun 2023
Snowsfields Primary School Primary 0.4 miles Good — 14 Sep 2023

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
2 Bed Flat, Tooley Street, SE1 £2,800/mo 2 0.37 miles OpenRent

Average rent: £2,800/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.29%
Max investor price (0.8%) £350,000
Target investor price (1%) £280,000
Gross yield 3.4%
Cost-to-rent ratio 29×
Monthly cashflow £-1,345/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -5.7%
  • 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).