Wapping & Limehouse
of houses and 18% of flats currently for sale in E1 and E14 are currently under offer
the rise in average sold prices in Wapping, 2022
the rise in average asking rents, Tower Hamlets, 2022
Sources: Land Registry, Gov.UK, Lonres, Cluttons, Rightmove, Zoopla
Our analysis of sale prices for flats shows that proximity to the water generally comes with a premium. There will be exceptions to this – especially given the high quality of developments recently completed and under construction in and around Wapping and Limehouse. The sale prices will also be influenced by the type and size of stock. But based on sold price data in the first three quarters of 2022, the average value of sold flats within 250 metres of the river was more than 40% higher than flats further inland, with an average sold price of £734,000.
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