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1 bed flat for sale

£475,000

One Prescot Street, London E1

1 bed flat for sale 1 1 1
Interested in this property? Call +44 161 937 6849 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

The property currently for sale is a spacious 569 square feet 1-bedroom unit located in the prime Zone 1 area of London. It commands a monthly rent of £2,040, offering a high yield of up to 5.1%. The contract term extends until November 6,2024.

The property currently for sale is a spacious 569 square feet 1-bedroom unit located in the prime Zone 1 area of London. It commands a monthly rent of £2,040, offering a high yield of up to 5.1%. The contract term extends until November 6,2024.

Number One Prescot Street is situated to the east of the Tower of London and north of St Katharine Docks in London Zone 1. It is only a few minutes' walk from Tower Hill station, Aldgate East station, and Tower Gateway station, providing convenient access to the city, Canary Wharf, and the west end of London.

The surrounding area boasts numerous local amenities, popular restaurants, and bars. The renowned St Katharine Docks are just a short walk away. The apartment is within easy reach of the city, Liverpool Street, Fenchurch Street, Wapping, Brick Lane, Spitalfields, and Whitechapel Station (the location of the recently opened Elizabeth line).<br /><br />

Property info

Floorplan(s): Floorplan

Floorplan View original

Property value data/graphs for E1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £987,367 £664 3.8 £1,400,000
Semi-detached £718,594 £619 3.6 £1,031,666
Terraced £883,249 £670 3.4 £956,942
Flats £616,559 £727 2.0 £542,518

Current asking prices in E1

Average: £736,028
Avg. current asking prices in E1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £254,000
(3)
£773,333
(9)
£934,125
(24)
£1,270,417
(12)
£1,909,750
(8)
Flats £527,404
(301)
£742,930
(418)
£1,079,763
(123)
£874,929
(14)
-
All £524,706
(304)
£743,570
(427)
£1,055,986
(147)
£1,057,462
(26)
£1,909,750
(8)

Current asking rents in E1

Average: £3,009 pcm
Avg. current asking prices in E1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £978 pcm
(9)
£2,859 pcm
(6)
£2,532 pcm
(13)
£2,908 pcm
(11)
£4,615 pcm
(1)
Flats £2,454 pcm
(405)
£3,272 pcm
(404)
£4,333 pcm
(141)
£3,809 pcm
(22)
£2,602 pcm
(2)
All £2,422 pcm
(414)
£3,266 pcm
(410)
£4,181 pcm
(154)
£3,509 pcm
(33)
£3,273 pcm
(3)

Fun facts for E1

Highest value in E1
Highest value streets Zed-Index
Wilkes Street £2,900,801
Wapping High Street £1,610,622
Scandrett Street £1,121,450
Portland Square £1,047,606
Wapping High Street £1,028,788
Highest turnover in E1
Highest turnover streets Turnover
St. Dunstans Mews 27.3%
Boulcott Street 26.7%
Bowmans Mews 25.0%
Bellevue Place 25.0%
Pomell Way 25.0%
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For more information about this property, please contact
NEXIS Property, M3 on +44 161 937 6849 * (local rate)

Monthly running costs Beta

£2,051 Monthly total

Mortgage

Purchase price
Deposit (10%) 47,500
Repayment term 25
Interest rate 2.0
Your payment £1,811 /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 £75,000 Average insurance cost £19/mo (£232/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 £19 Electricity £31 Estimated energy cost £50/mo

Similar properties could save up to £145

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: 6900 kWh/year
Electricity: 2100 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 £9 Sewerage £10 Estimated water cost £19 /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.

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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 NEXIS Property, and do not constitute property particulars. Please contact NEXIS Property 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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