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Locksons Close, E14

London

£300,000

Listed on 09/07/2026

Property details

Bedrooms
2
Type
Ground Flat
Area
902 sqft

Description

This ground-floor flat offers a rare opportunity for transformation within the sought-after Locksons Close gated development alongside the Limehouse Cut. Spanning 902 square feet, this property features a spacious 20-foot reception area and a separate 16-foot kitchen, both leading to an expansive private patio measuring approximately 42 feet. The layout includes a principal bedroom with an en-suite shower room, a second double bedroom, and a family bathroom, along with additional storage space. While the condition requires full refurbishment—services and appliances have not been tested—the potential for enhancement is significant. With only 77 years left on the lease, prospective buyers should consider the advantages of initiating a lease extension process to unlock further value. This property stands as an appealing case for cash buyers: renovate according to your preferences and enjoy the benefits of location near Bartlett Park and easy access to Canary Wharf's amenities. Whether for personal use or as an investment aimed at resale after modernisation, this flat holds promise in a vibrant London locale.

Investment analysis

(E14 area)

Below Market Value

This property is priced -54.0% below area average per sq ft

-54.0%
Potential saving
This Property
£333/sq ft
Area Average
£723/sq ft
Avg Rent (weekly)
£568
Avg Yield
5.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£717,261
10% above area average per sq ft
Potential ROI
+88.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (E14)

Area prices are falling by -10.8% over the last 12 months
3 year growth: -11.3%
5 year growth: -25.7%
Investment Disclaimer: Analysis based on E14 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

Locksons Close, E14
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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
£1,133
Based on a loan of £225,000 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.

Stamp duty calculator

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