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London
£255,000
Listed on 31/08/2026
Listed on 31/08/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This one-bedroom flat in Mile End presents an interesting opportunity for buyers looking to create value through renovation. Priced at £255,000, the asking figure is significantly below the local average of £600,547, making it an appealing entry point for those who see potential in the property. The flat benefits from a private rear garden, adding to its charm and desirability in this location.
However, the interior of the property shows signs of wear and is in need of substantial modernisation, including a dated kitchen. With estimated renovation costs between £40,000 and £60,000, there is a clear path to improving the living space and enhancing the overall value of the flat. The location is well-served by transport links and local amenities, which adds to the potential for future value appreciation.
None recorded.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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.
Tax
Indicative tax based on the asking price and the options you select.
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