For sale Flat

Apartment 202

WESTERN BUILDING, 3, TRIPTYCH PLACE, LONDON, GREATER LONDON SE1 9FL

1 baths Listed 21 May 2025 (-388d)

£695,000

Offers in Excess of

Reduced on 16 Feb 2026

Save

Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Photo 7 Photo 8 Photo 9 Photo 10 Photo 11 Photo 12 Photo 13 Photo 14 Photo 15 Photo 16 Photo 17 Photo 18 Photo 19

/ 19

Property details

Tenure

LEASEHOLD

Last sold

£708,000 Oct 2023

Local average

£644,923 (+7.8%)

Deprivation

Decile 3 (7,871 of 33,755)

Street crime

2433 incidents within 1 mile (Apr 2026)

Key features

  • Large studio on 2nd floor of West Building, Triptych Bankside
  • Open-plan layout with private terrace
  • Air conditioning and tablet-controlled lighting
  • 24-hour concierge, residents’ lounge, cinema, co-working space
  • On-site residents only gym, wellness centre, gardens and retail
  • Walk to Southwark, Borough, London Bridge & Waterloo stations
  • Prime Southbank location near Tate Modern & Globe Theatre
  • Leasehold: 999 years
  • Service Charge: £2,800 pa
  • Ground Rent: Peppercorn

Description

Located on the second floor of the west building, this spacious studio apartment offers high-specification living in one of Central London’s most sought-after new developments, Triptych Bankside, SE1.

This spacious studio apartment is located on the second floor of the West Building at Triptych Bankside, a high-end development in the heart of London’s Southbank. Designed by renowned architects Squire & Partners, the apartment combines quality design with practical living, offering a well-planned open layout and a private terrace.

The interior features engineered oak flooring, full air conditioning, and a high-specification kitchen fitted with Miele appliances. A tablet-controlled lighting system adds to the convenience and modern finish of the space. Floor-to-ceiling windows allow for excellent natural light and a strong connection to the outdoor terrace.

Residents of Triptych Bankside have access to a range of premium amenities including a 24-hour concierge, a private residents’ lounge, co-working spaces, a cinema and games room, and landscaped communal gardens. A fully equipped gym and wellness facility is also located on site, along with retail and cultural spaces integrated at ground level.

Situated just moments from the Tate Modern and Shakespeare’s Globe, the development offers excellent transport links with Southwark, Borough, London Bridge and Waterloo stations all within walking distance. The location also provides easy access to the City, West End and Canary Wharf, and is close to several major universities and hospitals.

Listed by

London

ROMANS & PARTNERS LIMITED

Reference: 162259112

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
1001, Western Building, 3 Triptych Place, London 85 85 103 m² Flat
1002, Western Building, 3 Triptych Place, London 83 83 51 m² Flat
1003, Western Building, 3 Triptych Place, London 85 85 94 m² Flat
1004, Western Building, 3 Triptych Place, London 87 87 131 m² Flat
1005, Western Building, 3 Triptych Place, London 87 87 140 m² Flat
101, Western Building, 3 Triptych Place, London 84 84 84 m² Flat
102, Western Building, 3 Triptych Place, London 82 82 37 m² Flat
103, Western Building, 3 Triptych Place, London 82 82 36 m² Flat
104, Western Building, 3 Triptych Place, London 83 83 55 m² Flat
105, Western Building, 3 Triptych Place, London 83 83 50 m² Flat
106, Western Building, 3 Triptych Place, London 85 85 102 m² Flat
107, Western Building, 3 Triptych Place, London 86 86 136 m² Flat
1101, Western Building, 3 Triptych Place, London 85 85 104 m² Flat
1102, Western Building, 3 Triptych Place, London 83 83 52 m² Flat
1103, Western Building, 3 Triptych Place, London 85 85 94 m² Flat

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Floorplan 1

Price history

Event Date Price % change
Listed for sale £695,000 -1.8%
Sold 13/10/2023 (2 years ago) £708,000

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
BEAR PIT APARTMENTS, 14 8 NEW GLOBE WALK, LONDON, SOUTHWARK, GREATER LONDON, SE1 9DR £490,000 11/12/2025 Flat
33 FLAT B SOUTHWARK BRIDGE ROAD, LONDON, SOUTHWARK, GREATER LONDON, SE1 9HH £340,000 24/11/2025 Flat
BEAR PIT APARTMENTS, 14 4 NEW GLOBE WALK, LONDON, SOUTHWARK, GREATER LONDON, SE1 9DR £1,075,000 15/08/2025 Flat
SUMNER BUILDINGS FLAT 54 SUMNER STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 9JY £495,000 20/06/2025 Flat
SUMNER BUILDINGS FLAT 72 SUMNER STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 9JY £395,000 28/06/2023 Flat
SUMNER BUILDINGS FLAT 21 SUMNER STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 9JX £450,000 22/12/2022 Flat
OLD THEATRE COURT, 123 FLAT 52 PARK STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 9ES £873,000 12/12/2022 Flat
SUMNER BUILDINGS FLAT 8 SUMNER STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 9JX £575,000 26/09/2022 Flat
BENBOW HOUSE, 24 APARTMENT 9 NEW GLOBE WALK, LONDON, SOUTHWARK, GREATER LONDON, SE1 9DS £1,520,000 22/09/2022 Flat
ANCHOR TERRACE, 3 - 13 FLAT 14 SOUTHWARK BRIDGE ROAD, LONDON, SOUTHWARK, GREATER LONDON, SE1 9HQ £690,000 24/06/2022 Flat
ANCHOR TERRACE, 3 - 13 FLAT 15 SOUTHWARK BRIDGE ROAD, LONDON, SOUTHWARK, GREATER LONDON, SE1 9HQ £812,000 15/06/2022 Flat
20 FLAT 11 NEW GLOBE WALK, LONDON, SOUTHWARK, GREATER LONDON, SE1 9DX £930,000 29/04/2022 Flat
BEAR PIT APARTMENTS, 14 25 NEW GLOBE WALK, LONDON, SOUTHWARK, GREATER LONDON, SE1 9DR £1,536,000 11/04/2022 Flat
BENBOW HOUSE, 24 APARTMENT 36 NEW GLOBE WALK, LONDON, SOUTHWARK, GREATER LONDON, SE1 9DS £1,100,000 25/03/2022 Flat
37D SOUTHWARK BRIDGE ROAD, LONDON, SOUTHWARK, GREATER LONDON, SE1 9HH £370,000 25/11/2021 Flat
BENBOW HOUSE, 24 APARTMENT 74 NEW GLOBE WALK, LONDON, SOUTHWARK, GREATER LONDON, SE1 9DS £7,000,000 05/11/2021 Flat
BENBOW HOUSE, 24 APARTMENT 67 NEW GLOBE WALK, LONDON, SOUTHWARK, GREATER LONDON, SE1 9DS £1,850,000 14/10/2021 Flat
ANCHOR TERRACE, 3 - 13 FLAT 28 SOUTHWARK BRIDGE ROAD, LONDON, SOUTHWARK, GREATER LONDON, SE1 9HQ £632,500 29/06/2021 Flat
SUMNER BUILDINGS FLAT 63 SUMNER STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 9JY £497,500 28/06/2021 Flat

Area average: £1,138,474 (19 sales)

Capital growth trend

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

5y growth -24.6%
10y growth -65.7%

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 Inner South East London: Apr 2025 – Mar 2026

Location

Address

Park Street

Nearby

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

Type Name Distance
Shop Unknown 0.1 miles
Bus stop Southwark Bridge / Bankside Pier 0.1 miles
Bus stop Shakespeare's Globe Theatre 0.1 miles
Train station Mansion House 0.3 miles
Train station London Blackfriars 0.4 miles
University London School of Commerce 0.4 miles
University Central School Of Ballet 0.4 miles
Hospital London Bridge Hospital 0.5 miles
Hospital Guy's Hospital 0.5 miles

Street-level crime

Category Count
Theft from the person 525
Other theft 445
Shoplifting 335
Violence and sexual offences 294
Anti-social behaviour 280
Public order 111
Robbery 92
Drugs 80
Burglary 79
Criminal damage and arson 69
Bicycle theft 54
Vehicle crime 46
Other crime 15
Possession of weapons 8
Total incidents 2433

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
City of London School Other 0.3 miles (No rating)
The Cathedral School of St Saviour and St Mary Overie Primary 0.3 miles Outstanding — 30 Jan 2023
Haberdashers' Borough Academy Secondary 0.4 miles Good — 25 Apr 2024
Saint Joseph's Catholic Primary School, the Borough Primary 0.4 miles Good — 1 Feb 2014
Charles Dickens Primary School Primary 0.4 miles Outstanding — 28 Oct 2019

Rental Comparables

Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.

Title Rent Beds Distance As seen on
4 Bed Flat, Sumner Buildings, SE1 £5,200/mo 4 0.06 miles OpenRent
2 Bed Flat, Upper Thames Street, EC4V £4,000/mo 2 0.25 miles OpenRent
Studio Flat, Upper Thames Street, EC4V £1,850/mo 1 0.25 miles OpenRent
2 Bed Flat, Southwark Street, SE1 £3,450/mo 2 0.3 miles OpenRent
Studio Flat, Copperfield St, SE1 £1,500/mo 1 0.31 miles OpenRent
3 Bed Flat, Pattison House, SE1 £2,700/mo 3 0.32 miles OpenRent
1 Bed Flat, Davies House, SE1 £2,650/mo 1 0.32 miles OpenRent
1 Bed Flat, Southwark Bridge Road, SE1 £2,700/mo 1 0.32 miles OpenRent
2 Bed Flat, Blackfriars Road, SE1 £6,608/mo 2 0.34 miles OpenRent
2 Bed Flat, Blackfriars Road, SE1 £7,367/mo 2 0.34 miles OpenRent
Studio Flat, One Blackfriars Road, SE1 £3,500/mo 1 0.34 miles OpenRent
Studio Flat, Blackfriars Road, SE1 £3,575/mo 1 0.34 miles OpenRent
1 Bed Flat, Blackfriars Road, SE1 £4,333/mo 1 0.34 miles OpenRent
2 Bed Flat, Blackfriars Road, SE1 £7,000/mo 2 0.34 miles OpenRent
2 Bed Flat, Blackfriars Road, SE1 £7,500/mo 2 0.34 miles OpenRent
Walton Clarke House, 5 Brigade Mews, London, SE1 £4,250/mo 2 0.35 miles Rightmove
2 Bed Flat, Brigade Mews, SE1 £4,500/mo 2 0.35 miles OpenRent
1 Bed Flat, Brigade Court, SE1 £3,250/mo 1 0.35 miles OpenRent
Studio Flat, Pocock St, SE1 £1,517/mo 1 0.38 miles OpenRent
3 Bed Flat, Cannon Street, EC4N £3,050/mo 3 0.4 miles OpenRent

Average rent: £3,641/mo (37 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.51%
Max investor price (0.8%) £442,250
Target investor price (1%) £353,800
Gross yield 6.1%
Cost-to-rent ratio 16.4×
Monthly cashflow £422/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 2.5%
  • 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).

Enter House Number

Enter the house number to help us retrieve more accurate pricing history and property data.

Please log in to submit or correct the house number for this listing.

Log in to continue