Fellows Court, Weymouth Terrace, London E2
London
£200,000
Listed on 13/10/2026
Listed on 13/10/2026
The listing
Property details
Bedrooms
1Type
FlatArea
417 sqftFeatures
- Balcony
Description
This one-bedroom, fourth-floor flat is in a high-rise ex-local authority block and is offered chain free. The accommodation includes a large double bedroom, a generous reception room with access to a west-facing balcony, and a separate kitchen. The property is described as requiring internal modernisation and is available to cash buyers only.
The flat is close to Shoreditch, with access to Old Street and Liverpool Street. The lease has 197 years remaining, the service charge is £2,089 per year and ground rent is nil. The EPC rating is D and the council tax band is B.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
67out of 100
Grade CPotential opportunity
Confidence: MEDIUM
At £200,000, this one-bedroom flat is priced 36.7% below the local average per square foot, making the asking price a clear acquisition opportunity. The usable reception room opens onto a west-facing balcony, and the 197-year lease is a useful long-term feature. The kitchen and bathroom are dated, the bedroom needs a refresh, and the weathered balcony gives the project scope to improve the finish throughout.
The score is held back by below-average fundamentals, but the numbers are attractive: the £30,000–£48,000 renovation range gives a £239,000 midpoint purchase-and-works figure, compared with an implied current local average value of about £315,815. That is a comparison with the local average, not a renovated resale valuation, and excludes stamp duty and fees. The listing is cash buyers only; the £2,089 annual service charge is also worth factoring into the investment case.
Key opportunities
- Refresh the dated kitchen and bathroom to give the flat a more coherent, modern finish.
- Repaint the strong-colour bedroom and replace its worn carpet, while retaining the serviceable reception flooring.
- Improve the west-facing balcony surface as part of a broader presentation upgrade.
Key risks
- The £2,089 annual service charge is an ongoing cost to weigh against the investment case.
- The block facade and balcony show weathering and staining in places; no structural failure is evident in the submitted images.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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£
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years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£756
Based on a loan of £150,000 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.
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