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See how verdicts work2-bedroom flat · E1 4SF
For saleListed 152 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** If you would like to arrange a viewing for this property please click to register your interest.
If you have an eligible Shared Ownership application with L&Q, you will be sent the sellers contact information to arrange a viewing *** Shared Ownership Full Market Value: £400,000 Share Value (40%): £160,000 Monthly Rent: £939.30 Service Charge: £227.26 Council Tax Band: D 125 year lease commenced April 2007 - 105 years remaining EWS1 certification is available for this property - B1 Rating.
We are now working with an independent panel of Fire Engineers to review any L&Q building inspections conducted by Tri Fire.
Where the panel is not satisfied with the inspection and certificate awarded, we will instruct a new inspection of the building as soon as possible.
The front door of this unusual apartment opens into a hallway, which wraps around the open plan living area, giving a great option for sharers.
The kitchen is fitted with beech wood effect wall and base units and a granite effect worktop and includes an integrated oven, hob, and extractor fan.
The living area opens onto a larger than average south facing terrace giving room to relax, to dine, or for the children to play.
Two well proportioned double bedrooms and a family bathroom complete the accommodation. This property benefits from a sinking fund.
A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
Mercer Court is ideally located for those looking to live in a vibrant and well-connected part of East London.
It also benefits from good transport links, with Stepney Green Underground Station nearby (serving the District and Hammersmith & City lines) and Whitechapel Station just a short distance away, offering access to the District, Hammersmith & City, and Overground lines, as well as the DLR to the South at Limehouse Station.
The area offers a wide range of local amenities, including convenience stores, restaurants, cafes, and pubs, providing easy access to everyday needs, as well as being a 30 seconds walk from the scenic Regents Canal, which offers walking routes through Victoria Park to the North, and connects to the Thames River and Limehouse Marina to the South, great for walking and cycling.
The nearby Whitechapel High Street offers a mix of shops, markets, and eateries.
Spitalfields Market is also just a short distance away, offering a variety of independent boutiques, food stalls, and restaurants.
Bethnal Green and Shoreditch are also nearby, providing access to vibrant cultural scenes, including galleries, nightlife, and a thriving arts community.
The buyer will require a deposit to obtain a mortgage for this property. To meet the requirements for this property we require as a guideline, a minimum household income of £70,048.
If you are offered the home, your ability to afford this property will be assessed at your financial interview.
Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes.
If you are not registered please visit our website and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract.
The descriptions and all other information are believed to be correct as of May 2026.
Local Area Information Mercer Court is ideally located for those looking to live in a vibrant and well-connected part of East London.
It also benefits from good transport links, with Stepney Green Underground Station nearby (serving the District and Hammersmith & City lines) and Whitechapel Station just a short distance away, offering access to the District, Hammersmith & City, and Overground lines, as well as the DLR to the South at Limehouse Station.
The area offers a wide range of local amenities, including convenience stores, restaurants, cafes, and pubs, providing easy access to everyday needs, as well as being a 30 seconds walk from the scenic Regents Canal, which offers walking routes through Victoria Park to the North, and connects to the Thames River and Limehouse Marina to the South, great for walking and cycling.
The nearby Whitechapel High Street offers a mix of shops, markets, and eateries.
Spitalfields Market is also just a short distance away, offering a variety of independent boutiques, food stalls, and restaurants.
Bethnal Green and Shoreditch are also nearby, providing access to vibrant cultural scenes, including galleries, nightlife, and a thriving arts community!
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers 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.
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