1 bed Flat For Sale £450,000
Priced to sell. Attention cash buyers. A stylish and spacious apartment in a prestigious residential development. Luxury living in the heart of Wapping has never been so affordable. This property will appeal to shrewd investorswho are able to recognise and act in this unique window of opportunity
This spacious apartment is finished to a high standard throughout. The floor to ceiling windows with Juliette balconies allow for the property to be flooded with natural light and the top floor location is quiet and peaceful. There is ample storage and the room sizes are all extremely generous. The modern finish and location will make this apartment very appealing to a wide range of buyers including investors, young professionals, retirees, and those looking for a 2nd home close to The City or Canary Wharf.
Compass House forms part of the prestigious development, 21 Wapping Lane. Residents have access to a whole host of onsite amenities to enhance their lifestyle, including a fully equipped gymnasium, a relaxing spa with a sauna, steam room, whirlpool, and a delightful restaurant with an outside terrace.
Wapping Lane and the surrounding streets provide a range of friendly local shops, restaurants, sports facilities, and historic riverside inns, whilst the parks, canals, and beaches (yes beaches) along the river provide additional outdoor space in which to relax. Enjoy the unique village atmosphere of Wapping; a hidden gem nestled between The City and Canary Wharf.
The vendors have taken a realistic view with respect to the pricing of this property as currently due to cladding issues a satisfactory EWS1 certificate cannot be obtained meaning at present potential buyers will be unable to obtain a mortgage. This, therefore, presents a window of opportunity for those with cash funds to secure this property at a price lower than might usually be expected. This window of opportunity is only likely to be available for a short period as the freeholder is taking action to address the safety issues with work to rectify having already commenced on the development and fire safety wardens in place to mitigate any risks. (see freeholder update below)
The Freeholder is providing monthly updates on the progress of works to resolve the cladding issues, which will be updated here accordingly.
Latest Update from Ballymore.
Who is paying for the remedial works and how much will they cost? We would expect the bsf to cover most of the costs and we hope that all costs of remedial works for fire safety can be covered between the Government's fund and our recently announced fund. Once we have finalised the scope of works for each building, we will be able to fully understand the nature of any shortfalls across affected properties.
At the moment, it is too early in the process to confirm costs as the works need to be fully designed and any government funding from the bsf confirmed. At that point, we will be able to share costs with leaseholders.
Once costs, the scope of works, program, and government grant can be confirmed, this should provide sufficient information for the sale and conveyancing of apartments to proceed and for leaseholders to secure lending from a selection of mortgage providers where required (each lender will have their own individual policy in this regard).
Early viewing is highly recommended. With most owners in this sought-after development now prepared to wait until the rectification work is complete before marketing their properties, opportunities like this are few and far between
This property includes:
Additional Information:
Chain Free
Meaning that the process will be quick and easy
Investment Opportunity
The sale price is likely to rise significantly once all the required rectification work is completed
Sought After Location
21 Wapping lane is an extremely desirable location well known in the area for its quality finish and amazing facilities
Gym
Keep yourself in shape in the fully equipped gymnasium, complete with additional studio space and table tennis area.
Spa
Relax and unwind in the stunning spa complex complete with a whirlpool, steam room, sauna, and individual shower and changing booths
Council Tax:
Band D
Energy Performance Certificate (EPC) Rating:
Band C (69-80)
Service Charge:
£285 Per Month
Service Included:
Service charge includes a ground rent. Access to the gym and spa if required is an additional £30 per month
Marketed by EweMove Sales & Lettings (Wapping & Bow) - Property Reference 42192
This spacious apartment is finished to a high standard throughout. The floor to ceiling windows with Juliette balconies allow for the property to be flooded with natural light and the top floor location is quiet and peaceful. There is ample storage and the room sizes are all extremely generous. The modern finish and location will make this apartment very appealing to a wide range of buyers including investors, young professionals, retirees, and those looking for a 2nd home close to The City or Canary Wharf.
Compass House forms part of the prestigious development, 21 Wapping Lane. Residents have access to a whole host of onsite amenities to enhance their lifestyle, including a fully equipped gymnasium, a relaxing spa with a sauna, steam room, whirlpool, and a delightful restaurant with an outside terrace.
Wapping Lane and the surrounding streets provide a range of friendly local shops, restaurants, sports facilities, and historic riverside inns, whilst the parks, canals, and beaches (yes beaches) along the river provide additional outdoor space in which to relax. Enjoy the unique village atmosphere of Wapping; a hidden gem nestled between The City and Canary Wharf.
The vendors have taken a realistic view with respect to the pricing of this property as currently due to cladding issues a satisfactory EWS1 certificate cannot be obtained meaning at present potential buyers will be unable to obtain a mortgage. This, therefore, presents a window of opportunity for those with cash funds to secure this property at a price lower than might usually be expected. This window of opportunity is only likely to be available for a short period as the freeholder is taking action to address the safety issues with work to rectify having already commenced on the development and fire safety wardens in place to mitigate any risks. (see freeholder update below)
The Freeholder is providing monthly updates on the progress of works to resolve the cladding issues, which will be updated here accordingly.
Latest Update from Ballymore.
Who is paying for the remedial works and how much will they cost? We would expect the bsf to cover most of the costs and we hope that all costs of remedial works for fire safety can be covered between the Government's fund and our recently announced fund. Once we have finalised the scope of works for each building, we will be able to fully understand the nature of any shortfalls across affected properties.
At the moment, it is too early in the process to confirm costs as the works need to be fully designed and any government funding from the bsf confirmed. At that point, we will be able to share costs with leaseholders.
Once costs, the scope of works, program, and government grant can be confirmed, this should provide sufficient information for the sale and conveyancing of apartments to proceed and for leaseholders to secure lending from a selection of mortgage providers where required (each lender will have their own individual policy in this regard).
Early viewing is highly recommended. With most owners in this sought-after development now prepared to wait until the rectification work is complete before marketing their properties, opportunities like this are few and far between
This property includes:
- 01 - Living/Dining Room
Light floods in from the floor to ceiling windows with Juliette balconies. Finished to a high standard with wood/laminate flooring giving this large space a quality look and feel. - 02 - Kitchen
A clean and modern kitchen with plenty of worktop and cupboard space and fitted with high-quality built-in appliances. - 03 - Bedroom (Double)
An exceptionally large double room benefitting from lots of natural light. There is bundles of space to store all your bits and pieces in the custom-fitted wardrobes and cupboards. - 04 - Bathroom
A modern bathroom with floor-to-ceiling tiles, bath, and overhead shower. Please note, all dimensions are approximate / maximums and should not be relied upon for the purposes of floor coverings.
Additional Information:
Meaning that the process will be quick and easy
The sale price is likely to rise significantly once all the required rectification work is completed
21 Wapping lane is an extremely desirable location well known in the area for its quality finish and amazing facilities
Keep yourself in shape in the fully equipped gymnasium, complete with additional studio space and table tennis area.
Relax and unwind in the stunning spa complex complete with a whirlpool, steam room, sauna, and individual shower and changing booths
Band D
Band C (69-80)
£285 Per Month
Service charge includes a ground rent. Access to the gym and spa if required is an additional £30 per month
Marketed by EweMove Sales & Lettings (Wapping & Bow) - Property Reference 42192
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