Flat 63, Bowsprit Point, 167 Westferry Road, London, Greater London, E14 8NU
- PROPERTY TYPE
Flat
- BEDROOMS
2
- SIZE
Ask agent
Key features
- Prime location in the heart of Canary Wharf and the Isle of Dogs.
- Originally configured as a 3-bedroom flat and now arranged as a spacious 2-bedroom apartment.
- Sold with long-term sitting tenant in occupation for approximately 25 years.
- Extremely low passing rent of just £400pcm offering substantial future uplift potential.
- Comparable local flats have sold for up to approximately £410,000.
- Estimated open market rental value of around £1,700-£2,000pcm subject to condition and tenancy.
- Excellent transport links via Canary Wharf, DLR, Jubilee Line and Elizabeth Line connections.
- Bid now! To avoid missing out
Description
The property is sold with a long-standing tenant in situ who has occupied the flat for approximately 25 years and currently pays a significantly below-market rent of just £400 per calendar month, presenting an attractive long-term asset management opportunity for investors. The low passing rent provides considerable scope for future rental growth subject to tenancy legislation and circumstances.
Recent sales within Bowsprit Point demonstrate the strength of the local market, with comparable flats achieving between £350,000 and £410,000, including sales at £350,000 in 2024, £372,500 in 2021 and £410,000 in 2021.
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.
Westferry Road enjoys an enviable position on the Isle of Dogs, moments from the financial powerhouse of Canary Wharf. The area benefits from exceptional transport connections including the Jubilee Line, DLR and Elizabeth Line, providing rapid access to the City, West End and Heathrow Airport. Residents enjoy world-class shopping, restaurants, bars, riverside walks and leisure facilities, all within easy reach.
The wider Canary Wharf district continues to attract substantial investment from major employers and developers, making it one of London's most desirable locations for both owner-occupiers and tenants alike.
The auctioneer cannot offer viewings on this property as the property will be sold with tenant in place.
Prime Canary Wharf / Isle of Dogs location.
Originally a 3-bedroom flat, now configured as a spacious 2-bedroom apartment.
Sold with sitting tenant of approximately 25 years.
Current rent only £400pcm.
Potential market rent circa £1,700 - £1,900pcm.
Excellent long-term investment with reversionary potential.
Walking distance to Canary Wharf's business, retail and leisure amenities.
Strong local sales evidence with comparable flats selling up to £410,000.
Superb transport links via Jubilee Line, DLR and Elizabeth Line.
Rare opportunity to acquire a sizeable apartment in one of London's premier investment locations.
This lot will be sold under auction terms and conditions by Braveheart Auctions.
Speak to one of our dedicated team today for more information or visit our website.
Be Brave...Follow Your Heart
Braveheart Auctions hold land and property auctions every 2 weeks.
Do you know someone with a problem property?
Pass the details to Braveheart Auctions- We will sell it and we will pay you for the referral. Or speak to us about a FREE auction valuation.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Flat 63, Bowsprit Point, 167 Westferry Road, London, Greater London, E14 8NU
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Affordability
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 626FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Braveheart Auctions Limited, Edinburgh. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Braveheart Auctions Limited, Edinburgh on 0131 381 5170.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.