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22-24 East Ferry Road

Residential Refurbishment Opportunity of Two Unmodernised Freehold Houses
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An opportunity to acquire two neighbouring properties at a significant discount to their open market value.


The houses are located within easy reach of Canary Wharf Underground Station (Elizabeth, Jubilee & DLR lines) as well as South Quay & Crossharbour Stations (DLR).

22 East Ferry Road is arranged as a 3 bedroom, 1 bathroom house with an outbuilding to the rear, measuring 1,163 sq ft sq ft GIA.

Planning permission has been achieved for the demolition of the existing outbuilding to be replaced with a new rear extension and a loft conversion to create a new bedroom and bathroom.

Proposed GIA 1,399 sq ft.

24 East Ferry Road is arranged as a 4 bedroom, 2 bathroom house, measuring 1,249 sq ft sq ft GIA.

Planning permission has been achieved for a rear extension at ground floor level. Proposed GIA 1,399 sq ft.

Party wall was awarded for the development in October 2022.

Total existing GIA is 2,412 sq ft, the proposed GIA is 2,798 sq ft.

The properties require underpinning for which a structural report is available upon request.

Vacant possession.

Freehold.

Guide price £850,000 (Eight Hundred Fifty Thousand Pounds) Subject to Contract, which reflects a low capital value of £303 per sq ft against the consented area.

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