3 Bed Flat, Cash/Bridging Only, London, E14 8SS, £200,000

Knighthead Point, Canary Wharf, E14 8SS - 100 views - 5 months ago

Under Offer
Leasehold
Cash
Negative Equity
ROI: 17%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£295K - £965K
Sold Prices/m²£4.5K/m² - £10K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£206,000
BMV3%

 

 

End Value (After Refurb)

£465,902

Uplift in Value

+133%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£49,214

Bridging Loan Interest

£5,250

Total Cash In

£113,414

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£465,902

Agent Fees (1%)

£4,659

Bridging Loan

£150,000

Bridging Loan Interest

£5,250

Flip Profit

£197,829

Local Sold Prices

50 sold prices from £295K to £965K, average is £450K. £4.5K/m² to £10K/m², average is £6.6K/m².

PriceDateDistanceAddressBeds 
£674.5K02/230.46 mi297a, Rotherhithe Street, London, Greater London SE16 5EY3
£510K06/210.54 mi7, Taeping Street, London, Greater London E14 9UN3
£692K11/210.56 mi69, Rope Street, London, Greater London SE16 7TF3
£385K04/230.61 miFlat 9, Conway House, Cahir Street, London, Greater London E14 3RA3
£557K03/210.65 mi67, Acorn Walk, London, Greater London SE16 5DY3
£825K07/230.68 mi5, Da Gama Place, London, Greater London E14 3QQ3
£295K11/200.7 miFlat 51, Pelican House, Bowditch, London, Greater London SE8 3AP3
£700K01/230.71 mi18, Milligan Street, London, Greater London E14 8AU3
£645.4K10/200.74 miFlat 73, Copenhagen Court, Pell Street, London, Greater London SE8 5ES3
£600K03/230.75 miFlat 21, Copenhagen Court, Yeoman Street, London, Greater London SE8 5ER3
£810K12/200.85 mi4, Landons Close, London, Greater London E14 9QQ3
£488K11/210.86 mi4, Deck Close, London, Greater London SE16 6BU3
£570K08/230.86 mi320, Boardwalk Place, London, Greater London E14 5SH3
£795K10/210.94 mi112, St Davids Square, London, Greater London E14 3WB3
£555K09/210.95 miFirst Floor Flat, 15, Scawen Road, London, Greater London SE8 5AG3
£680K12/200.96 mi226, St Davids Square, London, Greater London E14 3WE3
£415K11/200.97 miFlat 11, Rickman House, Grove Street, London, Greater London SE8 5RB3
£385K04/210.98 miFlat 10, Albert Starr House, Haddonfield, London, Greater London SE8 5AS3
£395K12/201.02 mi208, Hind Grove, London, Greater London E14 6HP3
£790K02/211.1 miFlat 28, Cubitt Wharf, Storers Quay, London, Greater London E14 3BF3
£328K11/201.1 miFlat 33, Tissington Court, Rotherhithe New Road, London, Greater London SE16 2AG3
£535K03/231.11 miFlat 3, Prince Of Orange Court, Orange Place, London, Greater London SE16 2UH3
£310K06/211.12 miFlat 3, Kittiwake Court, Abinger Grove, London, Greater London SE8 5SW3
£420K06/211.12 miFlat 6, Manitoba Court, Canada Estate, London, Greater London SE16 7AY3
£398.8K12/221.14 miFlat 2, Gilbert House, Mcmillan Street, London, Greater London SE8 3DJ3
£400K04/211.15 mi28, Brownfield Street, London, Greater London E14 6NE3
£317.5K04/231.16 mi81, St Helena Road, London, Greater London SE16 2QY3
£650K12/211.2 miApartment 9, Meridian Point, Creek Road, London, Greater London SE8 3DB3
£355K06/211.22 mi14, Willis Street, London, Greater London E14 6NB3
£415K02/231.22 mi8, Willis Street, London, Greater London E14 6NB3
£875K05/231.26 miFlat 34, Trafalgar Court, Wapping Wall, London, Greater London E1W 3TF3
£460K12/231.27 miFlat 46, Rockfield House, Welland Street, London, Greater London SE10 9DS3
£401K09/211.3 miFlat 602, Roslin House, Brodlove Lane, London, Greater London E1W 3EL3
£421K07/211.3 mi83, Edward Street, London, Greater London SE8 5HB3
£385K06/211.3 mi20, Payne Street, London, Greater London SE8 4LP3
£405K10/201.35 miFlat 2, Finch House, Bronze Street, London, Greater London SE8 3DU3
£360K02/211.35 miFlat 23, Haddo House, Haddo Street, London, Greater London SE10 9SG3
£365K09/231.35 miFlat 95, Haddo House, Haddo Street, London, Greater London SE10 9SE3
£410K06/211.38 miFlat 7, Garnet House, Garnet Street, London, Greater London E1W 3QY3
£355K06/231.38 miFlat 25, Damory House, Abbeyfield Estate, London, Greater London SE16 2EZ3
£397K09/211.39 mi7, Cottesbrook Street, London, Greater London SE14 6HG3
£630K01/211.41 mi30, Tarbert Walk, London, Greater London E1 0ED3
£630K11/201.42 mi19, Benwick Close, London, Greater London SE16 2HE3
£375K06/211.43 miFlat 26, Holden House, Deptford Church Street, London, Greater London SE8 4SQ3
£620K06/211.43 mi44, Newlands Quay, London, Greater London E1W 3QZ3
£670K03/211.43 mi53, Newlands Quay, London, Greater London E1W 3QZ3
£540K06/211.43 mi4, Newlands Quay, London, Greater London E1W 3QZ3
£965K06/211.44 mi51, Arbour Square, London, Greater London E1 0PS3
£405K12/211.47 mi16, Tidey Street, London, Greater London E3 4DD3
£440K06/211.47 miFlat 19, Moreton House, Slippers Place, London, Greater London SE16 2EQ3

Local Rents

51 rents from £2.3K/mo to £6.6K/mo, average is £3.5K/mo.

RentDateDistanceAddressBeds 
£2,50012/240.02 mi-3
£2,60012/240.02 mi-3
£3,00003/240.03 mi-3
£3,60004/250.03 mi-3
£2,25001/250.03 mi-3
£2,80012/240.09 mi-3
£2,60005/240.09 miWestferry Road, London, E143
£2,40004/250.11 mi-3
£2,68703/240.12 miAlpha Grove, South Quay.3
£3,46704/240.13 miEdison Building, Millennium Harbour,Westferry Road, Canary Wharf,London, E143
£3,25003/240.15 miArnhem Place, London, E143
£3,20004/240.15 mi-3
£2,99903/240.16 miNew Atlas Wharf, 3 Arnhem Place, Nr Canary Wharf, London, E143
£3,55004/250.16 mi-3
£2,86004/240.16 miCoral Apartments, 17 Western Gateway, Canary Wharf, Canning town, London, E16 1AQ3
£3,80003/240.17 miNew Atlas Wharf, Arnhem Pace, London E14 3SS3
£3,46703/240.18 miFranklin Building, Westferry Road, London, E143
£3,46704/240.18 miFranklin Building,Westferry Road,Canary, Wharf London, E143
£3,09804/240.19 miCassilis Road, Canary Wharf3
£3,10003/240.2 miIndescon Square, Canary Wharf, London, E143
£2,70012/240.2 mi-3
£3,46703/240.22 miFranklin Building, Millennium Harbour,Westferry Road, London, E143
£4,15012/240.22 mi-3
£4,35012/240.22 mi-3
£4,70004/250.22 mi-3
£3,00004/240.23 miHolystone Court, 83 Tiller Road, E143
£2,75004/240.23 miHolystone Court, 83 Tiller Road, E143
£2,85004/240.24 miHolystone, 83 Tiller Road, LONDON3
£2,90003/240.25 miHolystone Court, 83 Tiller Road, London, E143
£2,85003/240.25 miTiller Road, Isle of Dogs3
£2,85004/240.25 miTiller Road, Isle of Dogs3
£2,85004/240.25 miTiller Road, Isle of Dogs3
£4,20003/240.25 mi-3
£5,00003/240.26 miLandmark East Tower, 24 Marsh Wall, London, E143
£3,75004/240.26 miJackson Tower, Lincoln Plaza, London3
£4,15003/240.26 miMaine Tower, 9 Harbour Way, Canary Wharf, London, E143
£5,00003/240.26 miLandmark East Tower, 24 Marsh Wall, London, E143
£5,00005/240.26 miMaine Tower, 9 Harbour Way, London, E143
£3,44503/240.26 miTalisman Tower, Lincoln Plaza, Canary Wharf E143
£3,25004/240.26 miTalisman Tower, Canary Wharf, E143
£3,65003/240.26 miCuba Street, London, E143
£3,50003/240.26 miTalisman Tower, 6 Lincoln Plaza, Canary Wharf, London, E143
£3,25012/240.26 miTalisman Tower, 6 Lincoln Plaza, Canary Wharf, London, E143
£3,96012/240.26 mi-3
£6,64304/240.26 mi-3
£6,64304/240.26 mi-3
£6,64312/240.26 mi-3
£4,99603/240.26 mi22 Marsh Wall, London, E143
£3,90012/240.26 mi-3
£3,99512/240.27 mi-3
£4,10004/250.27 mi-3

Local Area Statistics

Population in E14

79,760

Population in London

4,771,921

Town centre distance

4.01 miles away

Nearest school

0.10 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Buyer's market

Capital growth (5yrs)

-3%

Property History

Listed for £200,000

-24%

November 4, 2024

Sold for £248,000

2008

Sold for £137,500

2004

Sold for £54,000

1999

Floor Plans

Description

  • CASH BUYERS ONLY +
  • 20TH FLOOR +
  • PANORAMIC VIEWS +
  • 3 BEDROOMS +
  • WALKING DISTANCE TO CANARY WHARF +
  • SOUTH FACING ASPECT +

Sale by Tender: This property is available for sale by tender, and to CASH BUYERS ONLY with a deadline for final offers by the 18th of November. We have opted for this method because the property is attractively priced as the seller is looking for a quick turnaround and this has been fully reflected in the asking price. Sale by tender ensures a fair and transparent process for buyers, allowing them to submit their best offer. A reserve price is set, and a timeline for sale agreed to completion will be targeted at a 35 day turnaround. please enquire for more details. Don’t miss this unique opportunity to secure a competitively priced apartment in a prime location.

Introducing an exceptional apartment in a prime location, offering a private balcony, THREE bedrooms, a bright and spacious living room, a kitchen, and a bathroom. While this property holds immense potential, it's worth noting that a cosmetic update internally would further enhance its charm.

Step into a stylish living space boasting three bedrooms and a luminous open-plan reception with stunning views of Canary Wharf and Greenwich. The south-facing aspect floods the room with natural light through floor-to-ceiling double-glazed sliding doors that lead to a private balcony—a perfect spot to soak in the cityscape. The kitchen, with a west-facing aspect, presents a spacious canvas, and an option to create a seamless, open-plan layout by removing the kitchen wall.

The bedrooms, although already well-sized, offer flexibility, allowing you to customize the space to suit your preferences, including the option to merge two rooms into a larger, more expansive area. Despite the need for a cosmetic update, this property stands as a promising investment, being conveniently located just a short walk from Canary Wharf and with easy access to South Quay DLR, Canary Wharf Jubilee Line, and the Elizabeth Line.

Embrace the opportunity to transform this well-positioned apartment into a chic and modern haven. While a cosmetic update is on the horizon, envision the potential of this property and the unparalleled lifestyle it offers in one of the city's most sought-after locales. Schedule a viewing today and unlock the possibilities that await in this prime urban residence.

Agent Details

Huttons & Partners, London

020 3970 3396

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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