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Waterman Way, London, E1W

London

£995,000
Listed on 21/10/2025

Property Details

Bedrooms
3
Type
House
Area
841 sqft

Description

This freehold house presents a promising opportunity for renovation and investment, situated alongside the tranquil Ornamental Canal. The property features a private garden and includes a garage with an electrical supply, which could serve as a versatile home office or additional storage space. An allocated parking space adds to the practicality of this residence. Inside, the layout consists of a spacious reception room and a separate kitchen on the ground floor, along with a shower room for convenience. The upper level houses three bedrooms complemented by a family bathroom. This configuration not only offers comfortable living but also potential for enhancement; with appropriate planning permissions, there is scope for loft conversions or rear extensions that could significantly increase both living space and property value. Located within easy reach of major transport hubs—such as Tower Hill (underground), Tower Gateway (DLR), Wapping (overground), and Shadwell (DLR & overground)—the property ensures swift access to various areas across London. Additionally, the nearby Waitrose supermarket in Thomas More Square adds to the convenience factor, while the lively environment of St Katharine Docks boasts an array of bars, cafes, and restaurants. Historic riverside pubs further enrich this vibrant locale, providing lovely spots to relax amidst scenic views. This property stands out not only for its immediate comforts but also for its potential to transform into an even more desirable residence in an attractive neighborhood. Council Tax Band E applies, and there is an estimated annual estate service charge of around £223.

Investment Analysis

(E1 area)

Above Market Value

This property is priced +45.8% above area average per sq ft

+45.8%
This Property
£1,183/sq ft
Area Average
£812/sq ft
Avg Rent (weekly)
£627
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£750,857
10% above area average per sq ft
Potential ROI
-31.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (E1)

Area prices are falling by -3.2% over the last 12 months
3 year growth: -8.3%
5 year growth: +0.4%
Investment Disclaimer: Analysis based on E1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Waterman Way, London, E1W
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£3,550
Based on a loan of £746,250 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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