1-bedroom flat
To rentListed 40 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold A bright Unfurnished one bedroom flat with one allocated parking space in this lovely Wapping courtyard development.
Double bedroom to rear overlooking communal gardens, fitted bathroom, bright reception and semi open plan fully fitted kitchen. The property is offered fully furnished.
Located conveniently between The City and Canary Wharf, Prospect Place is situated along Wapping Wall, a quiet road off of Wapping High Street and minutes from Wapping Overground Station.
A range of riverside restaurants, shops, art and leisure facilities can be found close by along the High Street, St Katharine Docks, Thomas More and the new London Dock development.
Tenancy information The fees payable are dependent on the type of contract entered into.
The below information reflects the payments that are due by the tenant for Assured Shorthold Tenancies signed on or after 1 June 2019 *** For Contractual and other Non-Housing Act tenancies please visit the Procuro website Before the Tenancy Starts: *Holding Deposit: 1 weeks rent *Security Deposit: 5 or 6 weeks rent (dependent on the annual rent payable) *During the Tenancy: Variation to Contract: £50 (inc.
VAT) *Change of Sharer: £50 (inc.
VAT) *Lost Key(s) or Security Device: The cost of the key(s) (or lock) *Early Termination: The costs incurred by the landlord for re-letting the property & all rents due under the tenancy until the start date of the replacement tenancy.
These costs will be no more than the maximum amount of rent outstanding on the tenancy.
*Any payments in respect of utilities, communication services, TV licence and Council Tax Other Applicable Fees: *Unpaid Rent: Interest at 3% above the Bank of England Base Rate from rent due date until paid (this will not be levied until the rent is more than 14 days in arrears).
Property Redress & Client Money Protection Procuro are members of The Property Redress scheme (PRS036438) and PropertyMark Client Money Protection Scheme (C0140246).
You can find more information on our website. Parking - Allocated Parking Allocated off-street gated car parking.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
About 20 Prospect Place Wapping Wall, London
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