2-bedroom flat
For saleReduced £50k (−7.1%) on 15 JulListed 210 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the 5th floor and extending to 879 sq. Ft, this two bedroom apartment benefits from secure allocated parking and day-time concierge service 7 days a week.
The spacious reception room is semi-open plan to a modern kitchen with integrated appliances, and offers a juliet balcony overlooking the cobbled streets of Wapping with far reaching north-westerly views capturing the City skyline and the top of Tower Bridge.
There are two well-sized double bedrooms one ensuite bathroom and a further shower room. Both bedrooms have built-in wardrobes while there is a generous storage cupboard located off the hallway.
The property exudes character and charm with exposed brickwork, cast iron columns and warehouse style windows.
Residents have access to a communal riverside terrace offering a southerly aspect and views towards Canary Wharf.
Located in the heart of Wapping, Merchant Court is conveniently situated for access to Canary Wharf and the City.
Wapping station is just 0.3 miles away and provides services via the Windrush Line on the Overground.
The Jubilee Line can be found two stops away at Canada Water and the Elizabeth Line two stops away at Whitechapel. A Variety of coffee shops, riverside pubs and restaurants can be found nearby.
Lease 125 years from 1st July 1997. Ground rent £150 per annum Service charge approx. £4,910 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.
Area
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FAQ
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