Peregrine House

INVESTMENT SUMMARY

A beautifully presented and recently upgraded two-bedroom, two-bathroom apartment set within Peregrine House, a well-managed, amenity-rich development in the heart of SW11. Sold with the significant benefit of Share of Freehold and a 999-year lease, the apartment is currently let at £2,500 PCM (£30,000 per annum), reflecting a gross yield of approximately 7.23% at the asking price, which is a strong return for prime south-west London. The property is offered with a sitting tenant in situ, providing an investor with immediate income from completion.

• Service Charge (approx.): £5,500 p.a.
• Tenure: Share of Freehold
• Lease Length: 999 years

PROPERTY DESCRIPTION

Flat 7 is a well-proportioned two-double-bedroom, two-bathroom apartment extending to approximately 863 sq ft (80.2 sq m), positioned within the popular Peregrine House development on Sullivan Close. The accommodation is thoughtfully laid out to suit both owner-occupiers and tenants alike, with a spacious principal bedroom benefiting from an en-suite bathroom, a second well-sized double bedroom, and a further family bathroom. The apartment further benefits from an allocated car parking space, which is a rare and valuable asset in this part of SW11.

RECENT IMPROVEMENTS

• New electric central heating system installed throughout
• New floating flooring fitted with thermal and acoustic insulation
• Comprehensive re-decoration works completed throughout

These works have been carried out to a high standard and materially enhance both the day-to-day comfort of the apartment and its ongoing appeal to prospective tenants, supporting rental resilience going forward. Following these upgrades, a new Energy Performance Certificate has been commissioned; the current EPC rating is E.

KEY INFORMATION

• Address: Flat 7, Peregrine House, Sullivan Close, London SW11 2NL
• Registered Owner: SGGF Investment Ltd
• Tenure: Share of Freehold, 999-year lease
• Size: Approx. 863 sq ft (80.2 sq m)
• Layout: Two bedrooms, two bathrooms, one allocated car parking space
• Current Tenancy: Let at £2,500 PCM (£30,000 per annum)
• Service Charge: Approx. £5,500 per annum
• EPC: Current rating E; new EPC commissioned following upgrade works
• Asking Price: Offers over £415,000

DEVELOPMENT & RESIDENT AMENITIES

Peregrine House forms part of a sought-after gated development offering an excellent range of on-site facilities rarely found at this price point, contributing to strong and consistent tenant demand:

• Residents’ swimming pool
• Fully equipped gymnasium
• Landscaped communal gardens
• Allocated parking
• Estate security

INVESTMENT RETURNS

At the asking price of £415,000, the current passing rent of £30,000 per annum equates to a gross rental yield of approximately 7.23%, comfortably ahead of the average yield typically achieved across prime central and south-west London flats. With the tenant already in situ, an incoming investor secures day-one income with no void period, while the recent capital works to the heating, flooring, and decoration reduce the likelihood of near-term maintenance costs or rent-free incentive periods.

• Annual Rent: £30,000
• Asking Price: £415,000
• Gross Yield: 7.23%
• Service Charges: £5,500 per annum
• Net Rent: £24,500 per annum
• Net Yield: 6.0%

LOCATION

Sullivan Close sits in the heart of SW11, one of south-west London’s most established and consistently in-demand residential postcodes, within the London Borough of Wandsworth. The development is within a short, level walk of Clapham Junction one of the busiest and best-connected railway stations in Europe, offering fast and frequent services to Waterloo, Victoria, and destinations across the South West, South Coast, and Gatwick Airport, in addition to London Overground connections to East and West London.

The wider area has benefited from sustained regeneration, most notably the redevelopment of Battersea Power Station and the Nine Elms district, together with the extension of the Northern Line to new stations at Battersea Power Station and Nine Elms, further improving connectivity into the West End and the City. Residents enjoy easy access to Battersea Park and Wandsworth Common, along with the shops, restaurants, and boutiques of nearby Northcote Road, long favoured by young professionals and families alike.

This combination of excellent transport links, ongoing area regeneration, strong local amenity, and consistently deep tenant demand underpins both the rental performance and the long-term capital growth prospects of the location, key drivers behind SW11’s enduring popularity with buy-to-let investors.