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Thomas Road, Limehouse, E14

London

£375,000
Listed on 11/08/2025

Property Details

Bedrooms
3
Type
Flat
Area
732 sqft

Description

This spacious three-bedroom apartment presents a promising opportunity for renovation and investment, appealing to both investors looking for potential yields and families eager to create their ideal living space. Located within Limborough House on Thomas Road, the property benefits from its strategic position in Limehouse, an area undergoing significant development while maintaining its historical charm. With excellent transport connections and close proximity to Canary Wharf, this flat is well-situated in a vibrant East London community. Currently tenanted, the apartment provides immediate rental income, making it an attractive option for investors. With some thoughtful renovations, the flat holds substantial potential for both long-term capital appreciation and enhanced rental returns. The interior layout features a generous reception room that allows for versatile design options, although it would benefit from modernization. The separate kitchen area is ripe for refurbishment; an open-plan configuration could significantly enhance the living space, aligning it with contemporary preferences. The principal bedroom offers ample natural light and considerable size, which leaves room for various configurations or built-in storage solutions. The second double bedroom is similarly spacious and can be adapted as a children's room or home office. A smaller third bedroom could serve well as a child's room or study. The bathroom currently has an outdated three-piece suite but offers reconfiguration opportunities to introduce modern fixtures and improved functionality. Additionally, there is storage space within the apartment that can be utilized effectively for household items or other purposes. Limborough House itself features secure entry access and lift service to all floors, enhancing convenience for residents. There are also communal green spaces around the building that provide outdoor areas for leisure. Limehouse is at the heart of an exciting transformation where traditional community life meets contemporary urban development. The location boasts not only easy access to Canary Wharf—just a five-minute ride by DLR—but also the scenic Limehouse Basin and Thames Path nearby, perfect for outdoor activities. Local amenities include Chrisp Street Market—a historic market currently experiencing revitalization—as well as extensive parks like Mile End Park that cater to outdoor enthusiasts. Key local employers such as Barts Health NHS Trust further contribute to rising rental demand in the area. Transport links are robust: Westferry DLR station is just a five-minute walk away, providing direct routes into central London and beyond. Limehouse Station offers additional connections via DLR and National Rail services. For families, this neighborhood has access to quality schools with positive Ofsted ratings along with educational institutions such as Queen Mary University of London nearby. As development continues in E14 with new housing projects and improved infrastructure

Investment Analysis

(E14 area)

Below Market Value

This property is priced -31.6% below area average per sq ft

-31.6%
Potential saving
This Property
£512/sq ft
Area Average
£749/sq ft
Avg Rent (weekly)
£533
Avg Yield
5.0%

Renovation Potential

Est. Renovation Cost
£37,500 - £93,750
10-25% of property value
Target Value
£603,417
10% above area average per sq ft
Potential ROI
+28.7%
After renovation
Monthly Sales
64
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (E14)

Area prices are falling by +2.7% over the last 12 months
3 year growth: -14.2%
5 year growth: -0.8%
Investment Disclaimer: Analysis based on E14 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Thomas Road, Limehouse, E14
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