Caradon Close, London E11
London
£160,000
Listed on 19/09/2026
Listed on 19/09/2026
The listing
Property details
Bedrooms
1Type
FlatArea
312 sqftFeatures
- Parking
Description
This one-bedroom apartment in E11 is offered for buyers looking to undertake a substantial refurbishment and tailor the accommodation to their requirements. The listing describes the property as requiring full renovation. It has no balcony or garden, while residential parking is available.
The apartment has a stated floor area of 312 sq ft and a lease with 59 years remaining. The short lease is an important factor for buyers to investigate, including its implications for mortgage availability, extension costs and future resale. The property is marketed by Portico - Leyton.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
51out of 100
Grade DWeak opportunity
Confidence: MEDIUM
At £160,000, this one-bedroom flat is priced well below the local average per square foot, giving a project buyer a relatively cheap entry point in E11. The worn galley kitchen, dated bathroom and marked bedroom finishes offer a clear canvas for modernisation, while residential parking is a useful plus. The main constraint is the 59-year lease, and the numbers need careful scrutiny: purchase plus the £42,000–£72,000 renovation range looks tight against local benchmarks, with the midpoint all-in figure already above the implied local average value. The exterior view shows no obvious major defect.
Key opportunities
- Rework the narrow galley kitchen and dated bathroom, then refresh the marked walls and worn flooring to give the flat a more coherent, modern finish.
- The one-bedroom layout offers a compact canvas to personalise for an owner-occupier or rental market, with residential parking as a useful differentiator.
- Acquire at an asking price below the local average per square foot, leaving scope to create value through a considered renovation.
Key risks
- The £42,000–£72,000 works range makes this a substantial programme across the kitchen, bathroom, finishes and flooring, rather than a cosmetic refresh; budget and timing need to be managed carefully.
- Only 59 years remain on the lease, which may affect financing and long-term value.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£604
Based on a loan of £120,000 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Pricing
Price history
-8.6% since listed
£160,000£15,000(-8.6%)
13/10/2026£175,000Initial listing
26/09/2026Services
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