Wapping great future in prospect

17th October 2014

The Financial Times looks at Wapping, and its transformation from a Docklands area known for its thieves, smugglers and array of raucous inns, to one popular with bankers and other workers in the financial sector, with great access to both the City and Canary Wharf. Since the peak of the market, prices have risen 48.6% by some estimates, outpacing Tower Hamlets as a borough (up 16.9%) and central London as a whole (up 40.2%). A three-bed penthouse apartment toward the east of Wapping High Street is currently on the market for £2.15m, with a similar property in Gun Wharf available for £3m. A new 1,800-home development, London Dock, is due to open by 2017, designed by planning firm Patel Taylor; it will feature 486 affordable homes and 212 apartments for first-time buyers, as well as a new secondary school. Prices start at £739,950 for a one-bedroom apartment.

Financial Times (10/10/2014)