All new homes in this development are sold out. We can help you find a secondary housing option in Lynton Residence.
Location Lynton Residence is a completed apartment building situated in Zone 2, walking distance from South Bermondsey Station at 304-314 Lynton Road, South Bermondsey, London SE1 5DD. It contains 19 apartments with one, two, or three bedrooms. They have open layouts, private terraces, and a building-wide roof garden. Every unit was sold to begin with, but resales are possible if you’re looking to buy here.
It’s a modern, urban-looking building with little frills on the outside and nice interiors. Each apartment has Karndean flooring and dimmable LED lighting, along with contemporary video entry. The units feature quality touches such as two-tone handleless kitchens with Siemens appliances, stone counters, and Porcelanosa tiles. Bathrooms feature underfloor heating, and some apartments have balconies that extend living spaces.
The apartments at Lynton Residence are designed to be functional and fashionable. The kitchens will include a built-in microwave, oven, stovetop, and wine cooler, as well as a full-size fridge/freezer, washer/dryer, and dishwasher. The bedrooms feature custom-made wardrobes in the main suites, while bathrooms are equipped with rainfall showerheads and stainless steel heated towel racks. A Nest thermostat allows you to control the heating and hot water from afar.
For security, there is CCTV, secure bike storage, and private bin areas, as well as a 10-year warranty from IWC. The building is also wired for TV/FM and SkyQ. Nice living areas with hard floors and carpet in the bedrooms - a comfortable place to call home. There is a rooftop garden area for residents to relax outside.
Transport to London Bridge is good from South Bermondsey, with regular trains and easy connections to Canada Water and Bermondsey stations. Nearby is Southwark Park, as well as cafes, schools, bus lines, and health services. The neighborhood features riverside paths, residential streets, and is a short walk to central London attractions. The Nearby map highlights good links with transport and access to key services.
According to market research, anticipated annual rental yields sit around 2.5% and 4.5%, along with potential property appreciation of 5% to10 % per square meter. In the past, £500,000 has been able to grow quite dramatically over five years. Such information can help a buyer perceive long-term value when considering buying into a completed London building. Although the developer has sold out, resales may provide some good opportunities based on the final price that was negotiated.
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Price
1-bedroom flats from 455000 £
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South London property consultancy Henshall & Partners has overseen the acquisition of affordable homes at Lynton Residence.
The 6 new homes were purchased for £1,450,000 by local Southwark housing provider Wandle.
The deal will allow Wandle to release much-needed affordable homes in Q1 2023, with the provider looking to source significant completed stock to meet growing demand.
Henshall & Partners first sold the site to Featherstone Homes. Comprising 19 apartments in total, the scheme included six allocated affordable homes, with a range of 1, 2 & 3-bed units available. The Henshall & Partners team then sourced a suitable affordable partner in Wandle Housing to acquire the six affordable units and add them to their managed portfolio.
Chris Henshall, Managing Director of Henshall & Partners, said: “This affordable acquisition in Southwark is part of a real trend developing, with housing providers looking to acquire turnkey homes to enable them to service demand faster. We have also made introductions to developers to establish partnerships that will allow them to secure providers pre-construction, providing more confidence in delivering consented sites. It is vital that the affordable homes targets set by the government are met and we’re proud to be using our contacts and experience to help providers meet the increasing demand.”
The agreement follows a recent government commitment to support the development of around 120,000 affordable houses, backed by an expenditure of £8.6 billion in public funds. A major insurance company, Legal & General, has also unveiled a $150 million social loan programme to pay for the construction of 5,500 affordable homes throughout England.
The transaction follows a recent boom in the sector, with over £1 billion in transactions of this type in the previous year. While this trend is growing throughout the UK, the current hotspots include London and Bristol.
Henshall & Partners is currently marketing a range of residential, commercial, investment and development opportunities in London. For more information and contact details please see Henshall & Partners profile.
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