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62 Cornwood Drive, Stepney, London, E10PW

London

£415,000

Listed on 19/06/2026

Property Details

Bedrooms
3
Type
Flat

Description

Situated on the second and third floors of a well-established ex-local authority building in Stepney, this spacious duplex maisonette offers a considerable opportunity for renovation and investment. Currently configured as a three-bedroom flat, it presents the possibility to convert the large upstairs lounge—complete with its own balcony—into an additional bedroom with en-suite facilities, potentially transforming it into a four-bedroom home or an HMO suitable for rental purposes. Spanning nearly 1,000 square feet, the property features a sizable kitchen with dedicated dining space and bright rooms that benefit from ample natural light thanks to large windows. While some refreshing is needed to modernize the interiors, the layout boasts great potential for customization to fit personal preferences or market demands. Located just off Jubilee Street and Commercial Road, residents can enjoy swift access to both Shadwell DLR and Overground stations within a short walk, making commuting into Central London and Canary Wharf straightforward. The surrounding area is home to local shops and vibrant amenities including Watney Market, providing convenience alongside an appealing residential environment. Additional benefits include downstairs bathroom facilities along with an extra WC upstairs, which enhances functionality in shared living spaces. With scenic views over green spaces from multiple rooms, this property could easily be reimagined into a desirable residence or high-yield rental opportunity in a coveted Zone 2 location.

Investment Analysis

(E1 area)
Area Average
£798/sq ft
Avg Rent (weekly)
£653
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (E1)

Area prices are falling by -5.0% over the last 12 months
3 year growth: -9.9%
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

62 Cornwood Drive, Stepney, London, E10PW
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,568
Based on a loan of £311,250 over 30 years at 4.45% 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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