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Flat 23, 2 Manilla Street, Canary Wharf, London
Marketed by:
Auction House London
1a, 5 Hampstead Gate, London NW3 6AL, UK
020 7625 9007
One-bedroom leasehold flat in Canary Wharf
Flat 23, 2 Manilla Street, Canary Wharf, London
For Sale
£275,000+
• 1 Bedrooms
• Flat
• Leasehold
• Current Rating C
Description
A Sixth Floor One Bedroom Flat. The property comprises a sixth floor one bedroom flat situated within a purpose built building arranged over ground and six upper floors.
Accommodation
Sixth Floor: Reception room, Kitchen, Bedroom, Bathroom. G.I.A. approximately 779 sq ft. The property benefits from a balcony.
Location
Situated on a residential road close to local shops and amenities. The open spaces of Sir John McDougall Gardens are within easy reach. Transport links are provided by Canary Wharf underground station (Jubilee and Elizabeth lines).
Tenure / Property Information
Tenure |
Leasehold |
Lease |
999 year lease from 24th June 2003; approximately 976 years unexpired |
EPC |
Current Rating C |
Services |
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. |
Investment Analysis
The supplied sold comparables are for the same address but date from 2014–2019 and do not identify the subject flat’s size, floor or condition. They range from £325,000 to £555,000, so they do not support a current GDV estimate without stronger comparable evidence.
Investment Snapshot
Guide Price |
£275,000+ (plus fees) |
Strategy Recommendation
Do not bid on the supplied evidence alone. Verify current comparable values, condition, leasehold charges, legal-pack disbursements and rental demand before considering purchase.
Works Required
No refurbishment works are evidenced. Condition and specification beyond the accommodation and EPC C rating are not supplied; obtain a survey and review the legal pack.
Rental & Market Context
|
No sufficiently specific external rental comparable identified. |
|
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
2, Manilla Street, London, Tower Hamlets, E14 8gb |
£465,000 |
|
2, Manilla Street, London, Tower Hamlets, E14 8gb |
£535,000 |
|
2, Manilla Street, London, Tower Hamlets, E14 8gb |
£400,000 |
|
2, Manilla Street, London, Tower Hamlets, E14 8gb |
£555,000 |
|
2, Manilla Street, London, Tower Hamlets, E14 8gb |
£325,000 |
Potential BRRR Position
A BRRR assessment cannot be completed because current GDV, rent, refurbishment cost and total project cost are unsupported. The long stated lease is favourable in duration, subject to legal review.
Buy-to-Let Analysis
No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent and yield cannot be established. Service charge, ground rent and occupancy details are also absent.
Flip Analysis
A flip surplus cannot be calculated. Historical same-address sales provide context but are too old and insufficiently specific to establish a current resale value.
Investor Risks & Due Diligence
• No sufficiently specific current rental evidence
• Historical comparables range widely and are dated 2014–2019
• Condition and refurbishment requirements are unknown
• Service charge, ground rent and occupancy details are not supplied
• Additional special-condition fees and legal-pack disbursements may apply
Recommendation
Do not bid on the supplied evidence alone. Verify current comparable values, condition, leasehold charges, legal-pack disbursements and rental demand before considering purchase.
Strategy Rating
HB Rating |
★★☆☆☆ |
Analysis Confidence
Confidence |
Low |
Current valuation, rental, condition, leasehold-cost and occupancy evidence is incomplete; supplied sales are historical and insufficiently specific.
Auction Details :
Auction House London
Auction Date :
25/11/26
Lot Number :
16
Property Location:
Flat 23, 2 Manilla Street, Canary Wharf, London
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