Sold STC Flat

FLAT 36

239 LONG LANE, LONDON, GREATER LONDON SE1 4PT

2 beds 2 baths 53 m² Listed 23 Oct 2020 (-2096d)

£935,000

Reduced on 9 Feb 2021

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# 2 bedroom apartment for sale (SE1 4PT)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 36, 239 LONG LANE, LONDON, GREATER LONDON SE1 4PT |
| Price | £935,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Last sold | £887,500 Jun 2021 |

## Description

**** **** A spacious two double bedroom apartment of almost 1,000 square feet on the third floor of this former home and tannery of Barrow, Hepburn and Gale, the leather goods company, internationally known as the manufacturer of the iconic red Despatch Boxes. The apartment is an excellent example of a warehouse conversion with an abundance of period features such as exposed brick walls, ceiling beams and wood flooring. The generous living space is flooded with natural light from an almost entire wall of wide industrial windows enjoying south facing roof top views. The adjacent kitchen is well fitted and equipped. Both bedrooms are at the rear of the apartment quietly situated overlooking the courtyard and with views of The Shard. Residents of Tanner's Yard enjoy the use of a bike store, concierge and an underground garage, with own separate entrance directly onto Bermondsey Street.

**** **** Tanners Yard is ideally located in the heart of this vibrant area with Borough Market, London Bridge and The Shard all on the doorstep. Bermondsey Street with its eclectic mix of boutiques, gastro pubs, bars and numerous restaurants is only a short walk and the open space of Tanner Street Park includes tennis courts. Bermondsey Street is also the home of the renowned White Cube Art Gallery and Bermondsey Square has the weekly antiques market and is the home of the Shortwave independent cinema.

The City is accessible by walking over either London Bridge or Tower Bridge. London Bridge station is around five minutes' walk for Northern and Jubilee underground lines and National Rail services nationwide There is also a River Bus service available from London Bridge City Pier. The city is a fifteen-minute walk across London Bridge.

## Property Photos

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## Floorplans

- ![Floorplan 1](/listings/photos/86038933/1019924) - Floorplan 1

## EPC Graphs

- ![EPC 1](/listings/photos/86038933/1019926) - EPC 1

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 239 FLAT 36 LONG LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4PT | £887,500 | 16/06/2021 | Flat |
| 239 FLAT 36 LONG LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4PT | £250,000 | 31/03/2000 | 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 |
|---------|-------|------|------|
| PRINTWORKS APARTMENTS, 230 FLAT 1 LONG LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4QA | £834,000 | 17/11/2025 | Flat |
| THE GLASS HOUSE, 3 FLAT 22 ROYAL OAK YARD, LONDON, SOUTHWARK, GREATER LONDON, SE1 3GE | £925,000 | 26/09/2025 | Flat |
| 16 BLUELION PLACE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4PU | £1,050,000 | 19/09/2025 | Flat |
| TANNERS YARD, 239 12 LONG LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4PT | £600,000 | 12/03/2025 | Flat |
| TANNERS YARD, 239 15 LONG LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4PT | £530,000 | 07/03/2025 | Flat |
| TANNERS YARD, 239 38 LONG LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4PT | £700,000 | 13/12/2024 | Flat |
| 8 APARTMENT 6 BLUELION PLACE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4PU | £640,000 | 06/11/2023 | Flat |
| TANNERS YARD, 239 49 LONG LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4PT | £986,000 | 26/07/2023 | Flat |
| TAY COURT, 44 FLAT 12 DECIMA STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 4LY | £677,500 | 24/07/2023 | Flat |
| 15 UNIT A, FLAT 14 CLUNY PLACE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4QS | £1,040,000 | 14/07/2023 | Flat |
| 3 FLAT 29 MARKET YARD MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE1 3TJ | £700,000 | 05/07/2023 | Flat |
| 64 DECIMA STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 4QQ | £470,000 | 19/06/2023 | Flat |
| 32 FLAT 2 CLUNY PLACE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4QU | £724,000 | 28/11/2022 | Flat |
| 237A APARTMENT 3 LONG LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4PX | £237,500 | 24/11/2022 | Flat |
| PRINTWORKS APARTMENTS, 230 FLAT 3 LONG LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4QA | £655,000 | 21/11/2022 | Flat |
| CEDAR COURT, 1 FLAT 202 ROYAL OAK YARD, LONDON, SOUTHWARK, GREATER LONDON, SE1 3GA | £640,000 | 02/11/2022 | Flat |
| 3 FLAT 3 MARKET YARD MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE1 3TJ | £661,234 | 13/10/2022 | Flat |
| TANNERS YARD, 239 10 LONG LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4PT | £615,000 | 20/09/2022 | Flat |
| 191 FLAT 1 BERMONDSEY STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 3UW | £725,000 | 15/09/2022 | Flat |
| LARCH COURT, 2 FLAT 102A ROYAL OAK YARD, LONDON, SOUTHWARK, GREATER LONDON, SE1 3GB | £515,000 | 17/06/2022 | Flat |

**Area average:** £696,262 (20 sales)

## Price vs local average

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

- **Local average:** £645,969 (150 Flat, SE1, 2024–2026)
- **Deviation:** +44.7%

## Rental Range

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

- **Low:** £2,155/mo
- **Realistic:** £2,394/mo
- **Optimistic:** £2,633/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Inner South East London (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £1,546/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 |
|------|------|------|------|------|
| 2 Bed Flat, Geoffrey House, SE1 | £1,100/mo | 2 | 0.27 miles | OpenRent |

**Average rent: £1,100/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.12% (weak for cashflow)
- **Max investor price (0.8%):** £137,500
- **Target investor price (1%):** £110,000

*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 £1,100/mo).*

- **Gross yield:** 1.4%
- **Cost-to-rent:** 70.8×
- **Monthly cashflow:** £-2,717/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -12%

*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:** -23.8%
- **10y growth:** -11.7%

## House Price Index (HM Land Registry)

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

- **1y growth (index):** -2.2%
- **5y growth (index):** -2%
- **10y growth (index):** -7.1%

## 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

SHARE_OF_FREEHOLD

Floor area

53 m²

Last sold

£887,500 Jun 2021

Local average

£645,969 (+44.7%)

Deprivation

Decile 8 (23,940 of 33,755)

Street crime

2153 incidents within 1 mile (May 2026)

Key features

Iconic development of a former tannery
Third floor with roof top views
Interior of almost 1,000 square feet
Spacious south facing living area
Two double bedrooms
Minutes walk from Bermondsey Street
Bathroom & Shower room
Secure development with daytime concierge
Underground garage with allocated parking space
No onward chain

Additional details

Parking: Yes
Garden: Yes

Description

** A spacious two double bedroom apartment of almost 1,000 square feet on the third floor of this former home and tannery of Barrow, Hepburn and Gale, the leather goods company, internationally known as the manufacturer of the iconic red Despatch Boxes. The apartment is an excellent example of a warehouse conversion with an abundance of period features such as exposed brick walls, ceiling beams and wood flooring. The generous living space is flooded with natural light from an almost entire wall of wide industrial windows enjoying south facing roof top views. The adjacent kitchen is well fitted and equipped. Both bedrooms are at the rear of the apartment quietly situated overlooking the courtyard and with views of The Shard. Residents of Tanner's Yard enjoy the use of a bike store, concierge and an underground garage, with own separate entrance directly onto Bermondsey Street.

** Tanners Yard is ideally located in the heart of this vibrant area with Borough Market, London Bridge and The Shard all on the doorstep. Bermondsey Street with its eclectic mix of boutiques, gastro pubs, bars and numerous restaurants is only a short walk and the open space of Tanner Street Park includes tennis courts. Bermondsey Street is also the home of the renowned White Cube Art Gallery and Bermondsey Square has the weekly antiques market and is the home of the Shortwave independent cinema.

The City is accessible by walking over either London Bridge or Tower Bridge. London Bridge station is around five minutes' walk for Northern and Jubilee underground lines and National Rail services nationwide There is also a River Bus service available from London Bridge City Pier. The city is a fifteen-minute walk across London Bridge.

Listed by

London Bridge

Daniel Cobb

Reference: 86038933

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

EPC Graphs

EPC 1

Price history

255% since 2000

Event	Date	Price	% change
Sold	16/06/2021 (5 years ago)	£887,500	+255%
Sold	31/03/2000 (26 years ago)	£250,000	—

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
PRINTWORKS APARTMENTS, 230 FLAT 1 LONG LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4QA	£834,000	17/11/2025	Flat
THE GLASS HOUSE, 3 FLAT 22 ROYAL OAK YARD, LONDON, SOUTHWARK, GREATER LONDON, SE1 3GE	£925,000	26/09/2025	Flat
16 BLUELION PLACE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4PU	£1,050,000	19/09/2025	Flat
TANNERS YARD, 239 12 LONG LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4PT	£600,000	12/03/2025	Flat
TANNERS YARD, 239 15 LONG LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4PT	£530,000	07/03/2025	Flat
TANNERS YARD, 239 38 LONG LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4PT	£700,000	13/12/2024	Flat
8 APARTMENT 6 BLUELION PLACE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4PU	£640,000	06/11/2023	Flat
TANNERS YARD, 239 49 LONG LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4PT	£986,000	26/07/2023	Flat
TAY COURT, 44 FLAT 12 DECIMA STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 4LY	£677,500	24/07/2023	Flat
15 UNIT A, FLAT 14 CLUNY PLACE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4QS	£1,040,000	14/07/2023	Flat
3 FLAT 29 MARKET YARD MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE1 3TJ	£700,000	05/07/2023	Flat
64 DECIMA STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 4QQ	£470,000	19/06/2023	Flat
32 FLAT 2 CLUNY PLACE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4QU	£724,000	28/11/2022	Flat
237A APARTMENT 3 LONG LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4PX	£237,500	24/11/2022	Flat
PRINTWORKS APARTMENTS, 230 FLAT 3 LONG LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4QA	£655,000	21/11/2022	Flat
CEDAR COURT, 1 FLAT 202 ROYAL OAK YARD, LONDON, SOUTHWARK, GREATER LONDON, SE1 3GA	£640,000	02/11/2022	Flat
3 FLAT 3 MARKET YARD MEWS, LONDON, SOUTHWARK, GREATER LONDON, SE1 3TJ	£661,234	13/10/2022	Flat
TANNERS YARD, 239 10 LONG LANE, LONDON, SOUTHWARK, GREATER LONDON, SE1 4PT	£615,000	20/09/2022	Flat
191 FLAT 1 BERMONDSEY STREET, LONDON, SOUTHWARK, GREATER LONDON, SE1 3UW	£725,000	15/09/2022	Flat
LARCH COURT, 2 FLAT 102A ROYAL OAK YARD, LONDON, SOUTHWARK, GREATER LONDON, SE1 3GB	£515,000	17/06/2022	Flat

Area average: £696,262 (20 sales)

Capital growth trend

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

5y growth -23.8%

10y growth -11.7%

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

1y (index) -2.2%

5y (index) -2%

10y (index) -7.1%

Rental Range

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

Low £2,155/mo

Realistic £2,394/mo

Optimistic £2,633/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

Map view View on Google Maps View on OpenStreetMap Street View SE1 4PT

Nearby

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

Type	Name	Distance
Bus stop	Bermondsey Street	0.0 miles
Shop	Choppers Barbers	0.0 miles
Shop	Bermondsey Fayre	0.0 miles
Train station	London Bridge	0.5 miles
Train station	Borough	0.5 miles
University	London School of Commerce	0.5 miles
University	Northeastern University London	0.7 miles
Hospital	Medlabs Diagnostics	2.0 miles
Hospital	Dental Hospital	2.1 miles

Street-level crime

Category	Count
Anti-social behaviour	427
Violence and sexual offences	421
Theft from the person	354
Other theft	272
Shoplifting	187
Public order	102
Robbery	101
Burglary	97
Vehicle crime	67
Drugs	52
Bicycle theft	45
Criminal damage and arson	10
Other crime	10
Possession of weapons	8
Total incidents	2153

Within 1 mile during May 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
Grange Primary School	Primary	0.2 miles	Requires improvement — 16 Oct 2022
Snowsfields Primary School	Primary	0.2 miles	Good — 14 Sep 2023
Beormund Primary School	Other	0.3 miles	Outstanding — 10 Sep 2024
Tower Bridge Primary School	Primary	0.3 miles	Good — 16 Feb 2016
St Saviour's and St Olave's Church of England School	Secondary	0.4 miles	Good — 16 Jan 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, Geoffrey House, SE1	£1,100/mo	2	0.27 miles	OpenRent

Average rent: £1,100/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.12%

Max investor price (0.8%) £137,500

Target investor price (1%) £110,000

Gross yield 1.4%

Cost-to-rent ratio 70.8×

Monthly cashflow £-2,717/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -12%

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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