If you have ever stopped to try and imagine what your luxurious dream home would be like, chances are that you’ve put some considerable thought about how big your pool would be. Just like a top of the range sports car, a pool can be one of those sought after status symbols that lets you really know that you’ve made it in the world.
Of course, the property market can be fluid, and pools are no exception!
For many homebuyers, a pool is lower down on their list than other more key features, such as a decently sized back garden. This could go towards explaining why a property in Peckham Rye is worth so much less than others in the area, despite having access to a gigantic communal pool.
“We’re thrilled to be marketing an affordable period property that’s in great condition, and in a brilliant location with amazing communal outdoor pool for all residents of Warwick Gardens House,” said Becky Munday, managing Director of Munday’s Estate Agents.
“I’ve been an estate agent in the area since 2004 and these don’t come to market often.”
The property is certainly in good condition, though lacking for space. The 276 square foot apartment offers a bedroom, kitchen/living room and shower room in a straightforward open plan structure. Thankfully, considering the size, the property makes excellent use of natural light, including a huge sash window in the living room and a large square window looking directly down on the garden pool.
The simple decor was an excellent choice: with pure white walls and wooden flooring, the apartment appears open and airy enough to stop you from feeling too cramped. However, it is doubtful that anyone other than a young professional would have enough space to live here.
The future owner of the property will certainly be getting their money’s worth in the summer. The apartment faces a southwestern direction, meaning that it will be flooded with sunlight during the day. With the right weather, this could be more than enough to make you want to take a dip in the pool!
The price of the property is difficult to ignore. With a price tag of £299,950, the apartment is worth 35% less than the average property price in Peckham Rye. Southwark itself is becoming a much sought-after area, with excellent Central London connections and a decently sized entertainment scene.
Still, if the lack of a large garden and the small size of the apartment do not turn you off, then this flat could well be a fantastic opportunity to get set up in a great part of London.
“This is certainly a rare opportunity for any first time or investment buyer,” Munday continued. “Either as a home or bolthole, it’s a solid buy and investment. It would rent for a minimum of £1,000 pcm.These are the only period studio flats I’m aware of in south London that come with a communal pool and annual service charge is very reasonable at £2,000 per annum including building insurance.”
Stephen heads the team for marketing, media and research at Plentific. He loves sharing insight and advice for the home services market. He has a keen interest in property renovations after successfully completing a number of property projects.