Limehouse Lock

Located in the picturesque Limehouse Basin, we completed this site in April 2012. As one of the last few plots left to be developed in the Basin, our clients benefited from an enhanced specification build by the Bellway Homes in a well-established residential area. Most units on this site enjoy views of Limehouse Cut and over to The City, or views over the Basin and on to the Thames.

The surrounding Basin is a lifestyle choice for many Canary Wharf & Bank commuters and there is a wide selection of bars and restaurants in the immediate vicinity, including Gordon Ramsey’s pub on the Thames - The Narrow. With a five minute walk to the nearest DLR station, we had no difficulty in finding tenants for this site with all units typically being let to corporate clients two weeks post completion and furnishing.

Some quick facts:

  • Located in a developed residential area with strong rental demand
  • Priced £210,000 for a studio and up to £480,000 for a 3 bed unit

  • Gross yield achieved on a studio unit 5.76%

  • Gross yield achieved on a 1 bed unit 5.25%

  • Gross yield achieved on a 2 bed unit 5.01%

  • Gross yield achieved on a 3 bed unit 4.39%

  • All units had the option to be leased on a corporate tenancy renewable annually with a 3-5% increase per annum (based on RPI) for a period of 3 years

For more information on Limehouse Lock, including further details on potential re-sales from our existing clients, please do not hesitate to contact us: