2-bedroom flat · E1W 3SJ
For saleReduced £50k (−7.1%) on 16 OctListed 78 days
Opportunity summary
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About
A beautifully renovated two-bedroom apartment within a sought-after warehouse conversion in the heart of Wapping, with concierge, allocated parking and a riverside terrace.
Finished to an exceptional standard, the apartment has been comprehensively refurbished throughout, including new flooring, a contemporary kitchen, stylish bathrooms and full redecoration, while retaining attractive exposed brickwork and warehouse-style windows.
A welcoming entrance hall leads to a spacious reception room with a Juliet balcony enjoying far-reaching views towards The Shard and the City skyline.
Just off the reception room, the contemporary kitchen is fitted with integrated appliances.
The accommodation comprises two generous double bedrooms, including a principal suite with a luxurious en suite bathroom, together with a stylish family shower room.
Residents of Merchant Court benefit from a concierge service, allocated parking and access to a communal riverside terrace with stunning views towards Canary Wharf.
Merchant Court is ideally positioned on Wapping's historic cobbled streets, close to a superb selection of cafés, riverside pubs and restaurants, including The Prospect of Whitby and Il Bordello.
Wapping Overground Station is approximately 0.3 miles away, with Canada Water (Jubilee line) and Whitechapel (Elizabeth line) just two stops away, providing excellent connections across London.
Lease 999 years from 1 July 1997. Peppercorn ground rent. Service charge approximately £4,896 per annum. Council tax band F.
Value & comps
No previous sales on record.
Returns
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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.
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