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3 bed maisonette for sale

£550,000

Hanbury Street, Spitalfields, London E1

3 1 1
Interested in this property? Call +44 20 3478 3156 * or Request Details

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Property features

  • Three Bedroom Maisonette
  • Private Courtyard Garden
  • Separate Eat-In Kitchen
  • Ground Floor
  • Private Entrance
  • Ideal Investment
  • £31,000+ Rental Income

Property description

An excellent investment opportunity, this three bedroom maisonette is located on the ground floor of a popular ex-local authority building just moments from Aldgate East, Liverpool Street and Shoreditch High Street. With a private entrance and a large courtyard garden to the rear. The property was recently refurbished by the current owners and will always attract strong interest from potential tenants.

Located in popular Spitalfields, just a short walk from popular Brick Lane, Spitalfields Market and Shoreditch High Street, this spacious three bedroom maisonette offers a fantastic opportunity for investors looking to take advantage of the buoyant E1 lettings market. Recently refurbished by the current owners, the property has a large eat-in kitchen, a spacious reception opening onto the private courtyard garden, three bedrooms upstairs with a family bathroom and separate WC. Located on the ground floor with its own private entrance set back from the road, within the communal grounds. Given the location and setting the property will always attract strong interest from potential tenants. The property is currently let and achieving over £31,000 per annum. Early viewings are highly recommended as strong interest is expected.

Important notice: Victorstone, their clients and any joint agents give notice that: These particulars are prepared as a general guide to the property and do not form part of any offer or contract and must not be relied upon as statements or representations of fact. They have not conducted a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floorplans and distances referred to are given as a guide only. Any and all fixtures and fittings listed in these particulars are deemed removable by the vendor. Any measurements should not be relied upon for the purchase of flooring or any other fixtures or fittings. Ground rent, service charges and any other lease details (where applicable) and council tax are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts.

Property info

Floorplan(s): Floorplan 1

View original

Market activity
Average price paid £585,793 Sales 349 Current average value £591,536 (Zoopla Zed-Index) Value change -£3,669 ▼ -0.62%

Property value data/graphs for E1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £899,514 £711 3.8 £918,500
Semi-detached £674,361 £679 3.6 £1,835,000
Terraced £778,618 £726 3.4 £867,260
Flats £568,662 £794 2.0 £561,835

Current asking prices in E1

Average: £824,317
Avg. current asking prices in E1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £616,395
(10)
£642,690
(26)
£933,100
(20)
£1,365,859
(22)
£1,855,000
(6)
Flats £586,024
(294)
£844,678
(444)
£1,264,464
(134)
£961,770
(22)
£717,374
(8)
All £587,023
(304)
£833,504
(470)
£1,221,430
(154)
£1,163,814
(44)
£1,204,928
(14)

Current asking rents in E1

Average: £2,110 pcm
Avg. current asking prices in E1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £1,092 pcm
(45)
£2,220 pcm
(30)
£2,630 pcm
(20)
£3,529 pcm
(24)
£3,260 pcm
(14)
Flats £1,660 pcm
(726)
£2,385 pcm
(788)
£2,822 pcm
(226)
£3,002 pcm
(60)
£2,556 pcm
(8)
All £1,627 pcm
(771)
£2,379 pcm
(818)
£2,806 pcm
(246)
£3,153 pcm
(84)
£3,004 pcm
(22)

Fun facts for E1

Highest value in E1
Highest value streets Zed-Index
Wilkes Street £2,702,933
Fournier Street £2,359,234
Star Place £1,482,927
Wapping High Street £1,457,823
Princelet Street £1,264,196
Highest turnover in E1
Highest turnover streets Turnover
Feather Mews 69.2%
Bellevue Place 41.7%
Morton Close 40.2%
Scandrett Street 38.9%
School Mews 38.2%

What Zoopla users think of E1

Overall rating:

  • currently 4 stars
Very good - 79% (321 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 4 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4.5 stars
Transport & travel

Rate E1:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Whitechapel (0.3 miles)
  • Whitechapel (0.3 miles)
  • Aldgate East (0.4 miles)
  • London City Airport (5.4 miles)
  • London Heathrow Airport (17.2 miles)
  • London Gatwick Airport (26.2 miles)
  • St Katharine's Pier (1.0 mile)
  • Tower Millennium Pier (1.0 mile)
  • London Bridge City Pier (1.2 miles)

Nearby schools

View all schools in Tower Hamlets
  • St Anne's Catholic Primary School (0.1 miles)
  • Osmani Primary School (0.1 miles)
  • Thomas Buxton Primary School (0.2 miles)
  • Tech City College (1.5 miles)
  • The Boxing Academy AP Free School (1.8 miles)
  • City Gateway 14-19 Provision (2.4 miles)
  • Swanlea School (0.3 miles)
  • London Enterprise Academy (0.3 miles)
  • Wapping High School (0.4 miles)
Note: Distances are straight line measurements

Local info for Tower Hamlets

About the neighbours in E1

AskMe Q&A for Tower Hamlets

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Arrange Viewing

For more information about this property, please contact
Victorstone Property Consultants, E1 on +44 20 3478 3156 * (local rate)

Monthly running costs Beta

£2,259 Monthly total

Mortgage

Purchase price
Deposit (10%) 55,000
Repayment term 25
Interest rate 1.5
Your payment £1,979 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Contents value up to £80,000 Average insurance cost £18/mo (£220/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £36 Electricity £43 Estimated energy cost £79/mo

Similar properties could save up to £259

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 11400 kWh/year
Electricity: 3400 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Tower Hamlets

Estimated tax band E Council tax cost £152 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £16 Sewerage £15 Estimated water cost £31 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Victorstone Property Consultants about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Victorstone Property Consultants, and do not constitute property particulars. Please contact Victorstone Property Consultants for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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