2-bedroom flat · SE1 2YR
For saleReduced £145k (−10.4%) on 18 SepListed 579 days
Opportunity summary
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About
Set on the fifth floor of the Cardamom Building, which is the warehouse that flanks the south side of the famous cobble street of Shad Thames, this classic warehouse apartment offers a large floor area and lots of industrial character.
The apartment, with a 1593 sqft layout, has been well thought through.
It is made up of two large double bedrooms, the principal with a great en-suite bathroom and the second bedroom has built in wardrobes, both overlook the iconic cobbles of Shad Thames.
To the south of the building is the huge reception room with exceptional ceiling height leading directly on to the private balcony.
Linking into this room is a beautiful eat in kitchen with exceptional natural light.
A unique feature for this apartment is the fact it is one of only 9 apartments in Cardamom Building that has one of the iconic walkways that once bridged Butlers Wharf and Cardamom building.
Nowadays, these walkways are used as private balconies which offer splendid views along Shad Thames. The property comes with a secure parking space, plenty of storage and a concierge.
The Cardamom Building is one of the original historic spice warehouse buildings dating back to the 1870s, this is one of Shad Thames' premium blocks benefiting from 24hr concierge, lift access, CCTV security cameras and secure car parking.
The property comes with a secure parking space and is offered to the market chain free.
Situation Shad Thames is a highly desirable location on the banks of the River Thames, steeped in history and enchanting character.
A variety of bars and restaurants are 2-3 minutes walk away including The Ivy, Pont de la Tour and the Michelin starred Restaurant Story.
Stretch your legs a little further and find all the trendy spots Bermondsey Street has to offer.
The area is very accessible and whilst many residents walk across Tower Bridge into the City, there are also excellent transport links.
Destinations from London Bridge train station include Gatwick Airport (28 minutes) and Charing Cross (8 minutes).
London Bridge underground station (Jubilee and Northern Line), Tower Hill (Circle and District line) and Tower Gateway DLR are all just a short walk away. Property Ref Number: Ham-56992
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
About Flat 213, Cardamom Building, 31, London
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