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Spirit Quay, London, E1W

London

£800,000
Listed on 01/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
865 sqft

Description

This three-bedroom house in West-Wapping presents a promising investment opportunity, located along the picturesque Ornamental Canal. The property includes a private south-facing garden and a converted garage that can serve as a versatile home office or additional storage. The ground floor features a semi-open-plan design, integrating a bright living area with a contemporary kitchen and dining space that flows seamlessly through French doors onto the outdoor patio, perfect for summer gatherings. Upstairs, you'll find three bedrooms complemented by a well-appointed family bathroom. Given its desirable location near the historic St Katharine Docks and scenic Thames Path, there's remarkable potential for enhancement to maximize rental yield or resale value. The property is situated just 0.5 miles from Wapping Overground station, ensuring excellent transport links across London, making it an appealing choice for families drawn to nearby reputable schools such as Hermitage Primary and the new Mulberry Academy. This environment not only offers lifestyle benefits but also significant scope for renovation to tailor the living spaces according to modern tastes.

Investment Analysis

(E1 area)

Above Market Value

This property is priced +13.6% above area average per sq ft

+13.6%
This Property
£925/sq ft
Area Average
£814/sq ft
Avg Rent (weekly)
£621
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£774,331
10% above area average per sq ft
Potential ROI
-8.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (E1)

Area prices are falling by -6.2% over the last 12 months
3 year growth: -13.1%
5 year growth: -3.9%
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

Spirit Quay, London, E1W
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,885
Based on a loan of £600,000 over 30 years at 4.06% 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.

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