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Cable Street, E1

London

£340,000
Listed on 11/04/2026

Property Details

Bedrooms
2
Type
Flat
Area
932 sqft

Description

This first-floor apartment on Cable Street, E1, spans over 900 sqft and presents a considerable renovation opportunity for those looking to enhance its value. The property features two bedrooms arranged over two levels, alongside a reception room and a separate dining area, all leading to a sizeable private balcony — ideal for outdoor enjoyment. The second floor houses two double bedrooms and a family bathroom. With the current layout offering significant potential for reconfiguration, buyers can tailor improvements to meet their specific needs. The apartment requires modernisation throughout, allowing new owners the flexibility to select finishes and specifications as they see fit. Please note that all services and appliances are sold as seen and have not been tested. Located conveniently near Shadwell station (DLR and London Overground), this property is well-connected to major hubs like Canary Wharf, the City, and Shoreditch, while also being within reach of local amenities along the riverside in Wapping and Limehouse. This flat represents an excellent opportunity for investors or cash buyers eager to unlock its full potential with various enhancement projects.

Investment Analysis

(E1 area)

Below Market Value

This property is priced -55.1% below area average per sq ft

-55.1%
Potential saving
This Property
£365/sq ft
Area Average
£812/sq ft
Avg Rent (weekly)
£621
Avg Yield
5.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£832,565
10% above area average per sq ft
Potential ROI
+108.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (E1)

Area prices are falling by -4.4% over the last 12 months
3 year growth: -11.4%
5 year growth: -2.7%
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

Cable Street, E1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,204
Based on a loan of £255,000 over 30 years at 3.91% 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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