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Millharbour, London

London

£265,000Guide Price

Listed on 10/07/2026

Property details

Bedrooms
2
Type
Flat

Description

This long leasehold self-contained flat presents a solid opportunity for investors seeking to modernise a property in a desirable location. Situated on Millharbour, the flat requires refurbishment, allowing for potential enhancements to its two bedrooms and open-plan living area, which incorporates a kitchen and bathroom/WC. The addition of a balcony offers outdoor space that can be further developed. Located within easy reach of public transport options including South Quay DLR station, and the vibrant amenities of Canary Wharf, this property is positioned well for rental or resale post-renovation. Currently tenanted with a rental income of £2,000 per month, it provides an immediate return while you plan and execute your renovations.

Investment analysis

(E14 area)
Area Average
£723/sq ft
Avg Rent (weekly)
£568
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Millharbour, London
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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
£1,001
Based on a loan of £198,750 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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