# 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

- ![Photo](/listings/photos/86038933/1019878)
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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:** £641,976 (152 Flat, SE1, 2024–2026)
- **Deviation:** +45.6%

## 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:** -23.6%
- **10y growth:** -9.6%

## 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)