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2 bed flat
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Price History
Our Summary
- Extremely low passing rent of just £400pcm offering substantial future uplift potential
- The low passing rent provides considerable scope for future rental growth subject to tenancy legislation and circumstances
- Comparable two-bedroom apartments within the development are estimated to command market rents in the region of £1,700 - £1,900 per month when let on the open market, highlighting the significant reversionary potential available to investors
- This lot will be sold under auction terms and conditions by Braveheart Auctions
- Or speak to us about a FREE auction valuation
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Description
The property is a spacious two-bedroom apartment located in the Bowsprit Point development on Westferry Road, in one of London's most sought-after riverside districts. Originally configured as a three-bedroom flat, the apartment offers generous living space in the heart of Canary Wharf. The property is sold with a long-standing tenant who has occupied the flat for approximately 25 years and pays a rent of £400 per calendar month.
Comparable two-bedroom apartments within the development are estimated to command market rents of £1,700 to £1,900 per month. The apartment is situated near world-class shopping, restaurants, bars, and leisure facilities, and benefits from exceptional transport connections, including the Jubilee Line, DLR, and Elizabeth Line.