Vetro London Canary Wharf: Prices, Rental Yields and Investment Guide

Reach us on WhatsApp straight away using the button at the bottom left

Hello everyone. Three minutes by bicycle to Canary Wharf, and on top of that £535,000and up. Today Vetro London is what we are looking at today!

For prices, taxes and the whole buying process, see our guide: UK Property Guide

Apartment types, current price range and location: see the project page

A boutique scheme on West India Dock Road, a ten minute walk from the towers of Canary Wharf. A limited number of apartments, which means a more personal way of living than towers with hundreds of them. But the real feature is this: every apartment has a London view that cannot be built out. The Thames, the City and beyond. Podium gardens, a gym, a sauna. Yes, you read that correctly: an apartment with a view right next to Canary Wharf, at this budget.

Prices

• One bedroom apartments: £535,000and up
• one and two bedroom options available
• Apartment sizes: 40 m², 170 m²
• A limited number of apartments, a boutique scale scheme
• Address: 82 West India Dock Road, London E14 8NW

This price band separates Vetro from most of the schemes on this list. In the towers inside Canary Wharf one bedroom apartments are in the £700,000 to £900,000 band, while here, a ten minute walk away, you can enter from £535,000. the advantages of buying a new build home a sensible starting point for anyone who wants it on a more accessible budget.

Why Vetro London?

Being on the edge of Canary Wharf: you are not inside the financial centre but right on its edge. That lowers the price markedly while letting you keep the transport and amenity advantage. Ten minutes on foot, three by bicycle.

• Westferry and Limehouse DLR stations, within walking distance
• Canary Wharf (Jubilee Line and Elizabeth Line), a 10 minute walk
• on the Elizabeth Line Liverpool Street 6 minutes, Bond Street 13 minutes, Heathrow about 40 minutes
• About 15 minutes to Bank on the DLR
• The shopping centres, restaurants and parks of Canary Wharf within walking distance

Kapanmayacak manzara: this is the criterion most often overlooked at the point of purchase and the one that determines value most. In London there are many buyers who bought a view and had a tower put up in front of it five years later. Thanks to Vetro’s position and orientation the open view is preserved in every apartment: the Thames, the City skyline and the towers of Canary Wharf.

Daily life: walking to the office

Leave the house at 8:45, be in your office in Canary Wharf at 8:55. No need to take the tube. The building’s gym at lunchtime, the sauna and relaxation area in the evening. At the weekend the restaurants of Canary Wharf, a riverside walk or Limehouse Marina. The pubs of historic Limehouse and Wapping and the canal side are within walking distance too.

Vetro London rental yield

For rental yield this is one of the strongest London options on this list. The entry price is low but the rents are supported by the pull of Canary Wharf. One bedroom apartments usually let for £2,200 to £2,600, 2+1s £2,900 to £3,400 a month. That puts the gross rental yield in the 4.5-5% band.

Tenant profile: young professionals who work in Canary Wharf but do not want to pay the rents inside the financial centre. That is a very broad and stable group. For other areas that work on the same logic, high yield buy to let areas is worth a look.

The shared areas and the details that set Vetro apart

• Podium gardens: raised shared terraces opening onto the city view; space for the open air and fresh air.
• An indoor gym: equipped with professional fitness equipment, for residents only.
• sauna: together with a luxury shower and relaxation area; the shared areas are almost at the standard of a professional London spa.
• Relaxation area: a section set aside for after a workout or for closing the day.
• Concierge service: in a carefully designed lobby; parcels, security and greeting guests.
• Open plan living areas: plenty of natural light; bespoke kitchens as standard.
• Boutique scale: a limited number of apartments; none of the anonymity of the giant towers.

Energy efficiency and comfort

As a new build it comes with modern insulation, high performance windows and efficient heating; the apartments are typically EPC B band. Against the older building stock of Tower Hamlets the difference in the bill is marked. If you let the property you are also safe against the tightening minimum energy standards in the United Kingdom.

Who is buying?

This project is aimed particularly at people investing in London for the first time. With an entry price of £535,000 it is one of the most accessible London options on this list, and the rental yield is high as well. Professionals aged 25 to 45 buy for their own use, investors to let. Among international investors it is often chosen as a "first United Kingdom property".

Frequently asked questions

Why is it cheaper than the towers inside Canary Wharf? The difference in location. Being right inside the financial centre puts a serious premium on the price per square metre. A ten minute walk removes most of that premium while keeping the transport and amenity advantage.

What is the tenure? Leasehold, with newly sold apartments typically given a term of up to 999 years.

Can I buy remotely from abroad? Yes. For the details, our remote property purchase guide page.

Can I use a mortgage? Foreign buyers can normally borrow up to 65-75% of the value. UK mortgages for foreign nationals sets it out.

How much is the service charge? On boutique scale schemes the service charge stays below the giant towers; the absence of a pool lowers the cost too. Even so there are gym, sauna and concierge items, and we obtain the current figure apartment by apartment.

Is 40 m² not very small? In London, one bedroom apartments bought for investment are usually in the 40 to 55 m² band and are the most liquid type on the rental market. If you are buying for your own use we would suggest looking at layouts above 50 m².

Total cost: what you actually pay when you buy at Vetro London

Many overseas buyers look only at the apartment price and meet a surprise at completion. Let us work out the real cost on a £535,000 apartment. Stamp duty (SDLT) in the United Kingdom is banded: 0% up to £125,000, then 2%, 5%, 10% and 12%. On top of that, non-residents pay a 2% surcharge, and if you already own another home, a further 5% additional dwelling rate applies.

With a mortgage there are also valuation and bank charges, and if you let the property, management commission and income tax. The figures above are indicative, based on a £535,000 entry price; we prepare the exact calculation for your own scenario.

The Vetro London buying process, step by step

If you are buying from another country, the process runs like this:

• 1. Choosing the apartment and reserving it. We go through the floor plans, the aspect and the view. The apartment you choose is usually held with a reservation fee of £5,000 to £10,000.
• 2. Appointing a solicitor. An independent English property solicitor (conveyancer) is appointed. That solicitor acts for you, not for the developer.
• 3. Identity and source of funds checks. You will be asked for a passport, proof of address and documents showing the source of your funds. This step is compulsory in the United Kingdom, and having the papers ready shortens the process.
• 4. Exchange of contracts and deposit. Contracts are usually exchanged within 21 days of the reservation, with a 10% deposit. The signature can be given digitally from abroad.
• 5. Stage payments. In off plan projects these follow the payment schedule; for completed apartments the step is skipped.
• 6. Completion. The remaining balance and the stamp duty are paid and the title is registered in your name. For completed apartments this stage can take four to eight weeks.

You can run the whole process from your own country; you do not have to travel to the United Kingdom.

Risks and what to watch for

We have set out the strengths; in fairness there are points to watch as well. For Vetro London, these are the ones worth pausing on:

• A boutique scheme, limited amenities: there is no pool; there is a gym and a sauna. It may not be enough for anyone after tower comfort.
• The 40 m² layouts are compact: liquid for investment but it may feel tight for your own use; look at layouts above 50 m².
• West India Dock Road is a busy artery: there is a noise factor on the aspects facing the road; the upper floors and the inner aspects are quieter.
• The office dynamic at Canary Wharf is shifting: some large institutions are moving their head offices to the City, so the tenant profile may shift over the medium term.

None of this makes the project a bad one, but there is a wide gap between buying with your eyes open and finding out afterwards. We give every client this list up front.

How does Vetro London compare with the alternatives?

Before you decide, it is worth looking at the other projects in the same budget band:

• One Thames Quay: an upper segment, 48 storey tower with a river view in the same district.
• South Quay Plaza: for anyone who wants the assurance of Berkeley and generous shared areas.
• Springfield Place: for anyone after a higher rental yield and living beside a park.

We can work out together which project fits your goal, judged on budget, intended use and exit plan. For an overview, our guide to UK property investment for international buyers is worth reading too.

Answers to the most common questions on this topic: Is Buying a Home in London a Good Idea?