3-bedroom flat · E1 3JF
For saleReduced £25k (−5.3%) on 6 OctListed 116 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Elms Estates are delighted to offer to the market for sale this spacious Three Bedroom Apartment situated within the highly sought-after Stepney Green Conservation Area.
Cressy Houses is an attractive Victorian red-brick mansion block dating back to the late 19th century, renowned for its period charm, communal courtyard and characterful architecture.
Ideally located just moments from Stepney Green, Whitechapel and Mile End, the property benefits from an excellent selection of independent cafés, pubs, restaurants, green open spaces and outstanding transport links, including the District, Hammersmith & City, Elizabeth and London Overground lines, making commuting into The City, Canary Wharf and beyond both quick and convenient.
Internally, the property offers bright and well-proportioned accommodation throughout, extending to approximately 699 Sq Ft (64.94 Sq M).
The apartment comprises a spacious reception/dining room, a separate fitted kitchen, three well-sized bedrooms and a family bathroom.
The generous layout provides an excellent opportunity for owner occupiers and investors alike, with scope to personalise and enhance to individual taste.
The surrounding area offers a fantastic blend of history and modern East London living, with the popular Genesis Cinema, Rinkoff Bakery, Horn of Plenty, White Hart, Stepney Green Park, Mile End Park, Regent's Canal and Victoria Park all within easy reach.
This is a fantastic opportunity to acquire a spacious apartment within one of East London's most desirable conservation areas.
An early internal inspection is highly recommended to avoid disappointment. For more information or to arrange a viewing, please do not hesitate to call and speak with one of our property consultants.
Reception (4.1 x 3.6 (13'5" x 11'9")) Kitchen (3.2 x 2.5 (10'5" x 8'2")) Bedroom One (4.1 x 2.9 (13'5" x 9'6")) Bedroom Two (4.1 x 2.7 (13'5" x 8'10")) Bedroom Three (3.0 x 2.9 (9'10" x 9'6")) Bathroom (2.1 x 1.5 (6'10" x 4'11")) Material Information Tenure: Share of Freehold Length Of Lease: Approx 974 Years remaining Annual Service Charge: £4,740.00 Annual Ground Rent: £1.00 Council Tax Band: B Marketing Disclaimer These particulars are intended to give a fair description of the property, but their accuracy cannot be guaranteed and they do not constitute an offer or contract.
Any intending purchaser must rely on their own inspection and enquiries. All measurements, areas and distances are approximate and are for guidance purposes only.
Photographs and floor plans are for illustrative purposes only and some images may have been digitally enhanced for marketing purposes.
Fixtures, fittings and services have not been tested and no warranty is given as to their condition or suitability.
Leasehold, new build and service charge information (where applicable) is provided in good faith and should be verified by the buyer’s solicitor.
EPC ratings are correct at the time of marketing and are subject to change.
No person in the employment of Elms Estates has authority to make or give any representation or warranty in relation to this property.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 103 Cressy Houses, Hannibal Road, London
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