1-bedroom flat · SE16 7TD
For saleListed 29 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located on a private road, this is an exceptional 581sqft river-facing apartment, offering panoramic views of The Thames and Canary Wharf skyline.
It has an extended lease, two Juliet balconies, a secure underground parking space, solid Ash floors, a separate kitchen, gas central heating and a central communal garden. Chain free.
This third-floor home is spacious throughout. The wonderful living area has plenty of room to relax and dine as well as a bay window and a Juliet balcony.
The bedroom has fitted wardrobes and the second Juliet balcony, which overlooks the entrance to Greenland Dock.
The separate kitchen benefits from direct river views too, while the bathroom is well-maintained and features marble tiling and a window.
The property is part of Greenland Passage which exudes a real Scandinavian feel.
Designed by respected Danish architects Kjaer & Richter for Danish developers islef, the complex was built between 1986 to 1989 using Danish materials and flanks both sides of the entrance to Greenland Dock.
Additional advantages include a recently fitted gas combi boiler, central heating, a secure entry system, a lift shared with only seven other flats, a central courtyard garden and superfast broadband is available through Hyperoptic.
The tranquil surroundings include the docks and the Thames Path.
Nearby is Surrey Docks Fitness and Watersports Centre, together with the shops, cafes and green spaces of the recently developed Greenland Place, including Tesco Express and The Pear Tree Kitchen.
A scenic walk takes you to Canada Water Station (Jubilee Line & London Overground, Zone 2) and Surrey Quays Station (London Overground, Zone 2).
The River Bus services from Greenland Pier (directly outside the property) also offers an alternative way of commuting to The City, Canary Wharf and beyond.
The property is benefitting from the significant investment in the area, including the underway £5.6 billion, 53-acre Canada Water Masterplan, with London’s first new high street in over a century.
Leasehold. The service charge is £2,421.12 for the year to 25th December 2026. There is no ground rent to pay and the extended lease has 175 years remaining. Southwark Council Tax Band: D.
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
Agent & docs
FAQ
About 51, Princes Court, London
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