1 bed flat for sale

50 Wapping High Street, London E1W

Situated on the north side of the River Thames on the sought-after cobbled and historic Wapping High Street towards the St Katherine’s Docks and Tower Bridge end, situated next door to the Pierhead and close to the City of London, this rare to the market nearly 1000 sq ft well-proportioned one-bedroom apartment on the 4th floor with direct River Thames and Tower Bridge views offers spacious accommodation in a prime London location, ideal for first-time buyers, professionals, or investors alike.

The property is accessed via an entrance hall with useful storage space and doors leading to the principal accommodation. The generous open plan living and dining room flooded with natural light with direct access to the private balcony overlooking the River with iconic views of Tower Bridge provides an excellent space for relaxing and entertaining. The separate fitted kitchen offers a range of units with ample worktop space and room for appliances.

The bedroom is a particularly impressive double room, benefiting from excellent proportions and natural light. The property also features a family bathroom fitted with a panel bath and wash hand basin, alongside the added convenience of a separate WC.

The property comes with its own parking space no. 140 in a secure underground car park with direct access to the lift to the fourth floor for the apartment.

Location

Located in the heart of Wapping, the property enjoys easy access to a wide range of local amenities, riverside walks, cafes, restaurants, and transport links.

Wapping Overground Station is nearby, providing convenient connections into The City, Canary Wharf, and Central London, while the A1203 and nearby Tower Bridge Road offer excellent road links across London. There is a bus stop outside the front doors with the 100 bus giving direct access to the City.

This desirable riverside location combines historic charm with modern city living. A key benefit is the secure and personal concierge service round the clock via the front desk for all deliveries appointments and any queries you may have.

Specification

Being Sold by goto Online Auction
Starting Bids from £800,000
Buy it now option available

Please call or visit Purplebricks Online Auctions for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been received by the buyer’s solicitor or 10 working days after receipt of the buyer’s premium, whichever is the later giving certainty to the conveyancing process and allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee called a Buyer’s Premium. This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by goto Auctions.

To book a viewing visit Purplebricks.

Spec Continued

Auctioneer's Comments

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange and complete contracts on the property, means normal residential finance can be arranged.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department.

Buyer Fees

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of 3.6% of the purchase price plus VAT (this is subject to a minimum amount of £6,600 including VAT) and a Legal Pack fee of £396.00 including VAT. This secures the transaction and takes the property off the market with exchange and completion to happen within 56 days giving certainty and peace of mind to the conveyancing process.

Stamp Duty Land Tax (sdlt) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.

Tech Specification

Material information:
The information above has been provided by the vendor, agent and goto Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

Please be aware that we have not yet received all material information for the property at Flat 11/Capital Wharf 50 Wapping High Street, London, Greater London, E1W 1LY. The property is a leasehold with over 900 years left on the lease.

Property Ownership Information

Tenure

Leasehold

Council Tax Band

G

Annual Ground Rent

£300.00

Ground Rent Review Period

No review period

Annual Service Charge

£8,148.00

Service Charge Review Period

Every 1 year

Lease End Date

01/01/2996

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.