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The Terraces, Garner Street, E2

London

£650,000

Listed on 24/06/2026

Property Details

Bedrooms
3
Type
Flat
Area
1134 sqft

Description

This spacious three-bedroom split-level apartment presents an excellent renovation opportunity in a desirable area of East London. Spanning approximately 1134 sq ft, the layout is spread over two levels, offering ample room to reconfigure and personalize according to your preferences. The inviting reception room serves as a great starting point for reimagining your living space and creating an environment that matches your style. All three double bedrooms provide generous dimensions, ensuring comfort and convenience for family members or guests alike. With the added benefit of three bathrooms, this property accommodates busy lifestyles effectively, making it an appealing choice for households requiring more amenities. Possessing a share of freehold is a significant advantage, granting you more control over property management along with the included allocated parking space—an asset in this bustling area of London. While the apartment does need some modernizing, it represents a fantastic chance to enhance its market value while tailoring it to suit your vision. Located close to vibrant neighbourhoods such as Shoreditch and The City, residents will appreciate easy access to an array of shops, cafes, restaurants, and nightlife options at nearby Broadway Market and Columbia Road. This community-oriented lifestyle enhances the appeal of this property as both a home and investment.

Investment Analysis

(E2 area)

Below Market Value

This property is priced -24.2% below area average per sq ft

-24.2%
Potential saving
This Property
£573/sq ft
Area Average
£756/sq ft
Avg Rent (weekly)
£533
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£943,034
10% above area average per sq ft
Potential ROI
+32.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (E2)

Area prices are stable by -1.4% over the last 12 months
3 year growth: -2.1%
5 year growth: -13.2%
Investment Disclaimer: Analysis based on E2 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

The Terraces, Garner Street, E2
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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
£2,456
Based on a loan of £487,500 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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