Worst House on the Street Logo
Prusom Street, London E1W - Image 1
Prusom Street, London E1W - Image 2
Prusom Street, London E1W - Image 3

Prusom Street, London E1W

London

£350,000
Listed on 09/12/2025

Property Details

Bedrooms
3
Type
Flat
Area
865 sqft

Description

This three-bedroom apartment in Wapping presents a prime opportunity for cash buyers looking to invest in a property with substantial renovation potential. Spread over two levels, the ground floor showcases a living/dining area that opens up to a private garden, alongside a separate kitchen/breakfast room and an entrance hallway. The upper floor consists of three bedrooms and a family bathroom, all of which require modernisation to bring them up to contemporary standards. With its central location—just 0.2 miles from the Overground station and within close proximity to local amenities on Wapping Lane—this property is positioned well for value appreciation following refurbishment. Additionally, the EWS1 certification confirms a B1 rating, indicating no urgent remedial works needed. Ideal for buyers seeking to create their ideal home or capitalize on rental returns, this apartment is set within a leasehold structure with around 86 years remaining and encompasses approximately 865 square feet of living space.

Investment Analysis

(E1 area)

Below Market Value

This property is priced -50.3% below area average per sq ft

-50.3%
Potential saving
This Property
£405/sq ft
Area Average
£814/sq ft
Avg Rent (weekly)
£621
Avg Yield
5.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£774,331
10% above area average per sq ft
Potential ROI
+72.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (E1)

Area prices are falling by -6.2% over the last 12 months
3 year growth: -13.1%
5 year growth: -3.9%
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

Prusom Street, London E1W
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,262
Based on a loan of £262,500 over 30 years at 4.06% 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.