Studio flat
For saleReduced £25k (−7.7%) on 22 SepListed 77 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An immaculately presented 353 sq. Ft. Second floor studio apartment situated in Binnacle House, part of Ballymore’s highly sought after 21 Wapping Lane development.
Positioned overlooking the beautifully landscaped internal courtyard, the apartment enjoys a peaceful setting with attractive green views away from the surrounding road traffic.
The bright, open plan reception and living space benefits from generous floor to ceiling windows, providing an abundance of natural light and direct access to a private balcony.
The apartment features a sleek, contemporary fitted kitchen with integrated appliances alongside a stylish bathroom finished with modern slate coloured tiling.
The main living area has also been thoughtfully designed to maximise both comfort and space, with bespoke integrated blackout curtains, privacy blinds and a built in projector screen, creating a seamless home cinema setup without the need for a separate television unit.
A furniture package is available by separate negotiation, providing the opportunity for a convenient turn key purchase and making the property particularly well suited to first time buyers, professionals and investors alike.
Residents of 21 Wapping Lane benefit from an impressive collection of exclusive facilities, including a 24 hour concierge service, state of the art gym and fitness suite, hydrotherapy pool, sauna and steam room, as well as a private residents’ cinema.
Ideally positioned between the City and Canary Wharf, the development is within walking distance of both Wapping and Shadwell stations, providing excellent connections across London.
Whitechapel and the Elizabeth line are also approximately a 20 minute walk away, offering fast and convenient access to the City, West End and beyond.
Combining a peaceful courtyard position, private outside space and an exceptional range of residents’ amenities, this beautifully presented studio offers contemporary living in one of Wapping’s most established developments.
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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FAQ
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