2 Bed Flat, Single Let, London, E1 8HR, £275,000

Swedenborg Gardens, Wapping, E1 8HR - 4 views - 3 months ago

Leasehold

BTL

ROI: 13%

~60 m²

ValuationUndervalued

Sold Prices	£175K - £1.0M
Sold Prices/m²	£5.3K/m² - £10.9K/m²

Square Metres	~60.40 m²
Price/m²	£4.6K/m²
Value Estimate	£343,750£343,750
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£68,750£68,750
Stamp Duty & Legal Fees	£10,700£10,700
Total Cash In	£79,450£79,450

Cash Out
Rent Range	£1,950 - £4,996£1,950 - £4,996
Rent Estimate	£2,194
Running Costs/mo	£1,318£1,318
Cashflow/mo	£876£876
Cashflow/yr	£10,510£10,510
ROI	13%13%
Gross Yield	10%10%

Local Sold Prices

50 sold prices from £175K to £1.0M, average is £500K. £5.3K/m² to £10.9K/m², average is £9.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£895.4K	12/20	0.05 mi	23, Bridewell Place, London, Greater London E1W 2PB	£10,412	86	2	Flat
£310K	03/21	0.1 mi	Flat 5, Hilliard House, Prusom Street, London, Greater London E1W 3NN	-	-	2	Flat
£455.6K	11/20	0.11 mi	Flat 42, Jackman House, Watts Street, London, Greater London E1W 2PU	-	-	2	Flat
£475K	03/21	0.16 mi	Flat 1, Willoughby House, Reardon Path, London, Greater London E1W 2PQ	-	-	2	Flat
£480K	12/20	0.16 mi	Flat 18, Willoughby House, Reardon Path, London, Greater London E1W 2PQ	-	-	2	Flat
£355K	07/23	0.17 mi	Flat 4, Whitethorn House, Prusom Street, London, Greater London E1W 3NP	-	-	2	Flat
£395K	06/21	0.18 mi	Flat 8, Malay House, Prusom Street, London, Greater London E1W 3RB	-	-	2	Flat
£515K	06/21	0.21 mi	Flat 210, Riverside Mansions, Milk Yard, London, Greater London E1W 3TB	-	-	2	Flat
£475K	08/21	0.21 mi	Flat 203, Riverside Mansions, Milk Yard, London, Greater London E1W 3TB	-	-	2	Flat
£527K	07/23	0.21 mi	Flat 102, Riverside Mansions, Milk Yard, London, Greater London E1W 3TB	-	-	2	Flat
£356K	03/21	0.22 mi	Flat 58, Reardon House, Reardon Street, London, Greater London E1W 2QJ	-	-	2	Flat
£485K	12/20	0.23 mi	Flat 326, Riverside Mansions, Milk Yard, London, Greater London E1W 3SZ	-	-	2	Flat
£435K	12/20	0.23 mi	Flat 329, Riverside Mansions, Milk Yard, London, Greater London E1W 3SZ	-	-	2	Flat
£522.5K	10/21	0.24 mi	Flat 217, Riverside Mansions, Milk Yard, London, Greater London E1W 3TA	-	-	2	Flat
£450K	11/20	0.24 mi	Flat 314, Riverside Mansions, Milk Yard, London, Greater London E1W 3TA	-	-	2	Flat
£365K	11/21	0.24 mi	Flat 65, Reardon House, Reardon Street, London, Greater London E1W 2QJ	-	-	2	Flat
£542.5K	06/21	0.24 mi	Flat 140, Riverside Mansions, Milk Yard, London, Greater London E1W 3SX	-	-	2	Flat
£525K	03/21	0.25 mi	Flat 233, Riverside Mansions, Milk Yard, London, Greater London E1W 3SY	-	-	2	Flat
£530K	03/23	0.26 mi	Flat 254, Riverside Mansions, Milk Yard, London, Greater London E1W 3SU	-	-	2	Flat
£475K	03/21	0.26 mi	Flat 352, Riverside Mansions, Milk Yard, London, Greater London E1W 3SU	-	-	2	Flat
£500K	12/20	0.26 mi	9, Discovery Walk, London, Greater London E1W 2JG	£9,377	53	2	Flat
£500K	12/20	0.26 mi	9, Discovery Walk, London, Greater London E1W 2JG	£9,377	53	2	Flat
£500K	11/20	0.26 mi	40, Waterman Way, London, Greater London E1W 2QN	£8,621	58	2	Flat
£510K	03/23	0.26 mi	39, Waterman Way, London, Greater London E1W 2QN	£10,851	47	2	Flat
£500K	04/23	0.29 mi	Flat 4, United House, Mayflower Street, London, Greater London SE16 4JL	-	-	2	Flat
£453.5K	03/21	0.3 mi	45, Waterman Way, London, Greater London E1W 2QW	£9,649	47	2	Flat
£1.0M	12/22	0.3 mi	Flat 67, Trafalgar Court, Wapping Wall, London, Greater London E1W 3TF	-	-	2	Flat
£700K	11/20	0.31 mi	Flat 34, Hermitage Court, Knighten Street, London, Greater London E1W 1PW	-	-	2	Flat
£712K	02/23	0.31 mi	Flat 28, Hermitage Court, Knighten Street, London, Greater London E1W 1PW	-	-	2	Flat
£860K	11/20	0.32 mi	Flat 5, Trafalgar Court, Wapping Wall, London, Greater London E1W 3TF	-	-	2	Flat
£610K	06/21	0.34 mi	34, Spirit Quay, London, Greater London E1W 2UT	£8,026	76	2	Flat
£442K	12/20	0.35 mi	77, Canon Beck Road, London, Greater London SE16 6DF	-	-	2	Flat
£565K	05/21	0.36 mi	Flat 64, Leeward Court, Asher Way, London, Greater London E1W 2JZ	-	-	2	Flat
£790K	06/23	0.36 mi	Flat 20, Leeward Court, Asher Way, London, Greater London E1W 2JY	-	-	2	Flat
£450K	03/23	0.39 mi	41, Kinburn Street, London, Greater London SE16 6DW	-	-	2	Flat
£458K	08/21	0.39 mi	27, Kinburn Street, London, Greater London SE16 6DW	£6,735	68	2	Flat
£409K	10/21	0.39 mi	Flat 3, Larch House, Ainsty Estate, London, Greater London SE16 7DH	-	-	2	Flat
£175K	05/21	0.39 mi	Flat 42, Larch House, Ainsty Estate, London, Greater London SE16 7DH	-	-	2	Flat
£625K	01/21	0.4 mi	2, Cape Yard, London, Greater London E1W 2JU	£9,058	69	2	Flat
£565K	02/21	0.4 mi	12, Cape Yard, London, Greater London E1W 2JU	£10,865	52	2	Flat
£450K	02/21	0.41 mi	87, Solander Gardens, London, Greater London E1 0DF	£6,164	73	2	Flat
£475K	06/21	0.41 mi	99, Solander Gardens, London, Greater London E1 0DF	£6,333	75	2	Flat
£322K	03/23	0.42 mi	Flat 8, Ring House, Sage Street, London, Greater London E1 0BY	£5,279	61	2	Flat
£505K	01/21	0.42 mi	Flat 4, Seville House 11 & A Half, Wapping High Street, London, Greater London E1W 1NX	-	-	2	Flat
£745K	12/22	0.42 mi	Flat 28, Spice Court, Asher Way, London, Greater London E1W 2JD	-	-	2	Flat
£850K	03/23	0.42 mi	Flat 32, Spice Court, Asher Way, London, Greater London E1W 2JD	-	-	2	Flat
£720K	03/21	0.42 mi	Flat 29, Spice Court, Asher Way, London, Greater London E1W 2JD	-	-	2	Flat
£520K	06/21	0.45 mi	Flat 19, Woolcombes Court, Princes Riverside Road, London, Greater London SE16 5RQ	-	-	2	Flat
£681K	07/23	0.45 mi	Flat 105, Fairmont House, Albatross Way, London, Greater London SE16 7BT	-	-	2	Flat
£270K	06/21	0.46 mi	Flat 48, Gordon House, Glamis Road, London, Greater London E1W 3ED	-	-	2	Flat

Local Rents

51 rents from £1.9K/mo to £5K/mo, average is £3K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,250	03/24	0 mi	Narrow Street, Wapping	2	Flat
£2,999	03/24	0 mi	Narrow Street, Wapping	2	Flat
£2,999	04/24	0 mi	Narrow Street, Wapping	2	Flat
£2,648	03/24	0.01 mi	Wapping High Street, Wapping High Street	2	Flat
£3,000	03/25	0.01 mi	-	2	Flat
£2,149	03/24	0.03 mi	Falconet Court, 123 Wapping High Street, London, E1W	2	Flat
£2,250	03/24	0.04 mi	-	2	Flat
£2,250	03/24	0.04 mi	-	2	Flat
£2,250	03/24	0.04 mi	Falconet Court, London, E1W	2	Flat
£3,250	03/24	0.04 mi	-	2	Flat
£3,250	05/24	0.04 mi	-	2	Flat
£3,250	12/24	0.04 mi	-	2	Flat
£2,500	02/25	0.04 mi	-	2	Flat
£2,600	03/24	0.04 mi	Bridewell Place, London, E1W	2	Flat
£2,817	04/24	0.05 mi	Bridewell Place, London, E1W	2	Flat
£2,400	04/24	0.05 mi	Brewhouse Lane, London, E1W	2	Flat
£2,999	03/24	0.05 mi	5 Clave Street, London, E1W	2	Flat
£1,950	04/25	0.09 mi	-	2	Flat
£3,467	04/24	0.1 mi	St Johns Wharf, Wapping High Street, Wapping	2	Flat
£2,260	12/24	0.11 mi	-	2	Flat
£2,500	12/24	0.11 mi	-	2	Flat
£2,210	03/25	0.11 mi	-	2	Flat
£4,250	03/24	0.12 mi	Cashmere Wharf, London Dock, E1W	2	Flat
£4,750	03/24	0.12 mi	Cashmere Wharf, London Dock, E1W	2	Flat
£3,033	03/24	0.12 mi	Aberdeen Wharf, Wapping High Street, London, E1W	2	Flat
£2,249	03/24	0.12 mi	New Crane Place, Wapping	2	Flat
£2,600	04/24	0.12 mi	New Crane Place, Wapping, London, E1W	2	Flat
£2,200	12/24	0.13 mi	-	2	Flat
£3,033	03/24	0.14 mi	Aberdeen Wharf, 94 Wapping High Street, E1W	2	Flat
£2,249	03/24	0.15 mi	Watts Street, Wapping	2	Flat
£2,249	03/24	0.15 mi	Watts Street, Wapping	2	Flat
£1,999	05/24	0.15 mi	-	2	Flat
£3,683	12/24	0.15 mi	-	2	Flat
£3,358	12/24	0.15 mi	-	2	Flat
£3,358	12/24	0.15 mi	-	2	Flat
£2,950	03/24	0.15 mi	Cordage House, London E1W 3AU	2	Flat
£4,150	04/24	0.15 mi	-	2	Flat
£2,925	03/24	0.15 mi	New Crane Place, Wapping, London, E1W	2	Flat
£3,050	02/25	0.16 mi	-	2	Flat
£2,750	03/24	0.17 mi	Sanctuary Court. Reardon Path, E1W	2	Flat
£2,249	03/24	0.17 mi	New Crane Place, Wapping, London, E1W	2	Flat
£2,250	03/25	0.17 mi	-	2	Flat
£4,117	04/24	0.18 mi	Great Jubilee Wharf, Wapping Wall, London, E1W.	2	Flat
£4,000	04/24	0.19 mi	-	2	Flat
£4,100	04/24	0.19 mi	Wapping High Street, London, E1W	2	Flat
£4,052	04/24	0.19 mi	Wapping High Street, Wapping, London, E1W	2	Flat
£4,052	04/24	0.19 mi	Wapping High Street, Wapping, London, E1W	2	Flat
£2,500	02/24	0.2 mi	-	2	Flat
£2,747	03/24	0.2 mi	Gauging Square, London Dock, E1W	2	Flat
£3,445	03/24	0.2 mi	Gauging Square, London Dock, E1W	2	Flat
£4,996	04/24	0.2 mi	Wapping Wall, Wapping	2	Flat

Local Area Statistics

Population in E1	81,94081,940
Population in London	4,771,9214,771,921
Town centre distance	2.69 miles away2.69 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.48 miles away0.48 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-4%-4%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-22%-22%

Property History

Price changed to £275,000

February 8, 2025

Listed for £300,000

January 10, 2025

Floor Plans

Description

Two Bedrooms +
650 Square Feet +
Chain Free +
Secure Entry Phone System +
City Views +
Private Outside Space +

Offered to the market on a chain-free basis is this charming two-bedroom home with spectacular city views. Additional features include private outdoor space and a secure entry phone system.

Shadwell DLR and Overground Station is just 0.3 miles from Swedenborg Gardens, offering excellent links to the City and Canary Wharf.

Tenure: Leasehold Lease Years Remaining: 84
Annual Ground Rent: £10
Council Tax Band: Not yet available

Information contained within this listing is for guidance only and should be checked and confirmed (prior to proceeding).

Agent Details

Dexters, Wapping

020 7650 5350

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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