2 bed flat for sale

Flat 63, Bowsprit Point, 167 Westferry Road, London, Greater London E14

A rare opportunity to acquire a substantial apartment in one of London's most sought-after riverside districts. Situated within Bowsprit Point on Westferry Road, this spacious property was originally configured as a three-bedroom flat and has been reconfigured to provide larger two-bedroom accommodation, offering generous living space in the heart of Canary Wharf.

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.

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