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Rectory Square, Stepney Green

London

£700,000
Listed on 06/05/2026

Property Details

Bedrooms
3
Type
House
Area
975 sqft

Description

This three-bedroom freehold house is situated in a tranquil corner of Stepney Green, presenting a fantastic opportunity for improvement and customization. Spanning approximately 975 square feet over two levels, the property boasts a south-west facing garden that is perfect for enhancing outdoor living spaces. The interior features a straightforward layout that allows for easy flow and serves as a blank canvas for potential renovations. Upon entry, you'll find a spacious kitchen/diner at the front, ideal for reconfiguration or modernisation to suit contemporary tastes. The rear reception room exudes comfort with its large window inviting natural light, but it could benefit from updated decor or flooring to elevate its appeal. On the first floor, three bedrooms await; the two larger ones offer generous proportions while the smaller one can be easily adapted into an office or nursery. The family bathroom also presents an opportunity for refurbishment to create a more modern and efficient space. The property's close proximity to Stepney Green station ensures convenient city access, while nearby Mile End Park provides greenery and recreational options—a perfect combination for future tenants or buyers looking for community engagement. With local attractions like Stepney City Farm and Genesis Cinema enhancing the area's character, this house offers significant investment potential in an evolving neighborhood.

Investment Analysis

(E1 area)

Below Market Value

This property is priced -11.5% below area average per sq ft

-11.5%
Potential saving
This Property
£718/sq ft
Area Average
£812/sq ft
Avg Rent (weekly)
£627
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£870,495
10% above area average per sq ft
Potential ROI
+17.6%
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

Rectory Square, Stepney Green
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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
£2,497
Based on a loan of £525,000 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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