3-bedroom flat · E1 0PW
For saleListed 57 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property Reference: 10186 Key features • Vacant Possession - Excellent Investment Purchase Opportunity.
• HMO Opportunity Potential to Convert The Upstairs Lounge That Has A Balcony Along with A Separate WC Into A 4th Bedroom Complete With An Ensuite.
• Its Currently A Spacious Three-Bedroom 2nd And 3rd Floor Duplex Maisonette Flat. • Large Kitchen With Dining Space. • Quiet Residential Setting Just Off Jubilee Street.
• Approx 5-Min Walk To Shadwell DLR And Over Ground Stations And 10-Min Walk to Whitechapel Underground Station. • (Zone 2) Fast Access To The City and Canary Wharf.
• Has a Downstairs Bathroom And WC With An Additional Upstairs WC. • Local Shops, Watney Market, Cafés And Amenities Within Easy Walking Distance. • Service Charge Circa £1,670 Per Annum.
• Lease Term 126 years from 25th December 1983. • £10 Per Annum Peppercorn Ground Rent. • Council Tax Band B - £1429 Per Annum.
• EPC Rating ‘D’ Description Duplex Property Set on the second and third top floor of a well-established building complex in the heart of Stepney, this spacious three-bedroom flat offers a fantastic potential for buyers looking to put their own stamp on a home in a brilliantly connected East London Zone 2 location.
The property offers close to 1,000 square feet of space and features a bright separate lounge, alongside a generous sized kitchen with plenty of room for dining.
All three bedrooms are well-proportioned, and all have large windows bringing in plenty of natural light throughout.
While the property may benefit from modernisation / a refresh, it presents a great opportunity for investors, first-time buyers, or someone looking for a project in the sought-after Zone 2 setting.
Located just off Jubilee Street and Commercial Road, you’re only a short 5 minute walk from Shadwell DLR and over ground and 10 minute walk to Whitechapel underground, offering quick and easy access into the City, Canary Wharf, and beyond.
There are plenty of local shops, cafés nearby along with the vibrant Watney Market and other everyday amenities, with the benefit of being not too far from the Thames for walks.
Further benefits of the property include a downstairs bathroom and WC complete with the 3 generous size bedrooms with ample wardrobe space.
Upstairs there is a spacious bright lounge complete with a full length balcony that overlooks a grassed area containing trees and shrubs, the property also benefits from having a separate upstairs WC and pedestal sink.
On the opposite side of the property which again has lots of natural light and over looks another grassed area with trees and shrubs is a spacious kitchen diner with ample cupboard space.
The property can be generally described as having a well laid out floorplan that has ample storage with a flexible living space, yet possesses the added benefit that it could be easily be converted into a 4 bedroom private abode for its use or to be transformed into a 4 Bed HMO by an investor given its central location to Canary Wharf and the city.
SECOND FLOOR Entrance Hall Stairs leading up to upstairs living area. Under stair storage cupboard and electric fuse box.
Bathroom 3 piece suite comprising of pedestal wash hand basin, low level WC, panelled bath with shower, tiled walls. Master bedroom 10’ 6” x 13’ 0” Fitted cupboards with hanging and storage space.
Bedroom 2 8’ 4” x 16’ 0” Large storage cupboard. Bedroom 3 5’ 9” x 13’ 0” Fitted cupboards with hanging and storage space.
THIRD FLOOR Landing Lounge 15’ 5” x 10’ 3” Immersion Tank housed in recessed storage cupboard. Balcony Full length balcony accessed from the lounge.
Cloakroom / WC 2 piece suite comprising wash hand basin and low level WC. Tiled walls. Kitchen/Diner 14’ 5” x 12’ 0” Fully Fitted with wall and base cupboards. Plumbed for washing machine.
Exterior Additional storage cupboard located beneath the stairs is accessed via the communal entrance hall.
Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
If you decide to proceed with a viewing or an offer, please note this information has been provided solely as a guide by the vendor.
If you require clarification on any points then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. A successful buyer will be required to complete anti-money laundering and proof of funds checks.
A third party organisation will be used to carry out the initial checks on our behalf. The current non-refundable cost is £70 linked to the offer.
You’ll need to pay this sum in advance to complete the necessary checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required.
For further information or to arrange a viewing, please give me a call on or message / WhatsApp me on this number. I can also be contacted by email on :- Kind Regards. Mr Shaffi
Value & comps
No previous sales on record.
Returns
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Short-let restrictions apply
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
Agent & docs
FAQ
About Cornwood Drive, Stepney, London, E10PW
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