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See how verdicts work2-bedroom flat
For saleListed 3 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A bright first-floor apartment within the gated Iceland Wharf development, a short walk via Greenland Dock to Surrey Quays and Canada Water stations.
It offers two bathrooms, a spacious reception with Juliet balcony, a semi-open-plan modern kitchen with window and an allocated parking space.
This well-proportioned home has two bedrooms, the primary boasting an ensuite bathroom. The living area has plenty of room to relax and dine, as well as French doors opening onto the Juliet balcony.
It leads into the semi-open-plan kitchen, which has its own window, white gloss units, plus integrated appliances including a double oven, microwave, dishwasher, washing machine and fridge-freezer.
The main bathroom has a rainfall shower over the bath, and both bathrooms are finished in marble-effect tiling with vanity storage. All rooms enjoy a sunny south-west facing aspect.
Further benefits include double glazing, neutral decor throughout, a hallway cupboard, secure gated access to the development and superfast broadband is available through Hyperoptic.
Iceland Wharf is a gated development built in around 2000, with residents’ parking set within a landscaped, block-paved courtyard.
Plenty of amenities are close by, including the Tesco Express, Co-Op and the renowned Pear Tree Kitchen at neighbouring Greenland Place.
For transport you are spoilt for choice, with Surrey Quays station being the closest and reachable in under ten minutes, Canada Water for Jubilee line services is only slightly further, while there are plenty of bus routes passing nearby too.
The property is benefitting from the significant investment in the area, including the underway £5.6 billion, 53-acre Canada Water Masterplan, with London’s first new high street in over a century.
Additionally, a new electric ferry service has recently launched, providing six crossings per hour for pedestrians and cyclists between Rotherhithe and Canary Wharf. Leasehold.
The service charge is £2,300 for the year to 24th March 2027. The ground rent is £125 per annum (fixed, doesn’t increase) and the lease has 97 years remaining. Southwark Council Tax Band: E.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Plough Way, London
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