6-bedroom property · E16 2RG
For saleListed 267 days
Opportunity summary
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About
Lightship 93 is one of the most iconic vessels currently in London and is now for sale.
The historical vessel was built in 1938 in riveted steel, she is 134 feet long (just over 40 meters) with a beam of 25 feet.
Her spectacular lighthouse tower rises 15 metres above the level of the water.
The ship retired from lighthouse service in 2004 and was sympathetically restored to operate as an events venue, film location and photographic studio.
She has hosted many famous names from the music, fashion and acting world.
The vessel could continue to operate as a live/work photographic studio and location, she could be converted into a unique houseboat or developed into a spectacular AirBnB business.
Lightship 93 offers about 330 Sqm of internal space and about 250 Sqm of deck space on two main levels. There are six cabins in total.
The four crew cabins have been maintained with their original mahogany furniture, a bright cabin in the wheelhouse benefits from stunning porthole windows, and a large double bedroom has been obtained from the master’s quarters astern.
The galley has been fitted with iconic English Rose reclaimed kitchen furniture.
A large bathroom features an antique French copper bath and there are a small en-suite serving the crew’s cabins and a cloakroom conveniently situated by the office.
The vast former machine room is currently used as a photographic studio and it is complemented by a generously sized daylight changing room and an iconic office space.
The Lightship can stay at her current location but there are limited facilities onsite.
An alternative mooring has been secured in Wapping with walk-ashore access, which would suit a commercial enterprise. These boat details are subject to contract.
Value & comps
No previous sales on record.
Returns
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Short-let restrictions apply
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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.
Area
Agent & docs
FAQ
About Lightship, Royal Docks, E16
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