Sold Flat

FLAT 31

MULBERRY COURT, 1, SCHOOL MEWS, LONDON, GREATER LONDON E1 0EW

3 beds 3 baths 1,012 sq ft Listed 9 Oct 2024 (-661d)

£680,000

Offers Over

Reduced on 20 Nov 2024

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Property details

Tenure

LEASEHOLD (109 years remaining on lease)

Floor area

94 m²

Council tax band

E

EPC rating

E

Year built

England and Wales: 1900-1929

Last sold

£690,000 Jun 2025

Price per m²

£7,234/m²

Local average

£453,587 (+49.9%)

Deprivation

Decile 1 (3,192 of 33,755)

Street crime

1917 incidents within 1 mile (May 2026)

Key features

  • Three Bedrooms
  • En-suite Bathroom
  • En-suite Shower Room
  • Duplex Apartment
  • Private Roof Terrace
  • Private Balcony
  • Gated Development
  • Guests’ WC

Additional details

Broadband
ADSL copper wire, FTTC (fibre to the cabinet)

Description

Nestled within a gated mews off Cable Street, this extraordinary duplex penthouse apartment forms part of a beautifully converted Victorian school building known as School Mews, transformed in 2011. Spread across two generous floors, this residence offers an expansive 1007 square feet of thoughtfully designed living space.

The kitchen and reception area are on the upper level superbly segregating the sleeping and washing areas from the living space . The kitchen is open-plan and fully equipped with integrated appliances. The reception area is spacious and leads to a private roof terrace allowing ample space for dining and lounging when it’s time to relax.

The lower level consists of two double bedrooms, carpeted for luxury and featuring en-suite bath and shower rooms and fitted storage. There is also a third bedroom which would make a perfect study or home office. There is also additional storage areas and a guests’ WC.

Located on Cable Street the property is just minutes from DLR and London Overground lines making commutes to The City and Canary Wharf possible within a 15-20 minute journey.

St Katharine Docks are also within 1 mile proximity for dining, whilst Brick Lane and Spitalfields market are also within walking distance of the property.

Listed by

City

Benham & Reeves

Reference: 153529319

EPC Rating & Upgrade Cost

Current rating: E

Potential rating: B

Inspection date: 18/12/2020

Expiry date: 17/12/2030

Current heating cost: £1,468/year

Potential heating cost: £298/year

Est. upgrade cost to C: £12,830

Recommendations

  • Flat roof or sloping ceiling insulation (£850 - £1,500)
  • 50 mm internal or external wall insulation (£4,000 - £14,000)
  • High heat retention storage heaters (£1,600 - £2,400)
  • Heat recovery system for mixer showers (£585 - £725)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

Floorplan

EPC Graphs

EPC Rating Graph

EPC Rating Graph

Price history

27% since 2011

Event Date Price % change
Sold 26/06/2025 (1 year ago) £690,000 +27.2%
Sold 25/02/2011 (15 years ago) £542,500 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
23 FLAT 1901 GAUGING SQUARE, LONDON, TOWER HAMLETS, GREATER LONDON, E1W 2AX £1,005,000 18/12/2025 Flat
23 FLAT 2001 GAUGING SQUARE, LONDON, TOWER HAMLETS, GREATER LONDON, E1W 2AX £1,100,000 18/08/2025 Flat
WELSTEAD HOUSE FLAT 27 CANNON STREET ROAD, LONDON, TOWER HAMLETS, GREATER LONDON, E1 2LJ £440,000 19/10/2023 Flat
ORCHID APARTMENTS, 57 FLAT 6 CROWDER STREET, LONDON, TOWER HAMLETS, GREATER LONDON, E1 0EZ £618,000 19/05/2023 Flat
ELUNA APARTMENTS, 4 62 WAPPING LANE, LONDON, TOWER HAMLETS, GREATER LONDON, E1W 2RG £491,750 17/05/2023 Flat
CHI BUILDING, 54 FLAT 22 CROWDER STREET, LONDON, TOWER HAMLETS, GREATER LONDON, E1 0EZ £600,000 21/12/2022 Flat
NOBLE COURT FLAT 3 CABLE STREET, LONDON, TOWER HAMLETS, GREATER LONDON, E1 8HX £375,000 30/11/2022 Flat
125 SOLANDER GARDENS, LONDON, TOWER HAMLETS, GREATER LONDON, E1 0DF £450,000 11/11/2022 Flat
NEWTON HOUSE FLAT 31 CORNWALL STREET, LONDON, TOWER HAMLETS, GREATER LONDON, E1 2QP £288,500 02/11/2022 Flat
38 FLAT B CANNON STREET ROAD, LONDON, TOWER HAMLETS, GREATER LONDON, E1 0BH £575,000 28/10/2022 Flat
23 FLAT 2501 GAUGING SQUARE, LONDON, TOWER HAMLETS, GREATER LONDON, E1W 2AX £3,360,000 27/10/2022 Flat
23 FLAT 2402 GAUGING SQUARE, LONDON, TOWER HAMLETS, GREATER LONDON, E1W 2AX £2,600,000 26/10/2022 Flat
BETTS HOUSE FLAT 40 BETTS STREET, LONDON, TOWER HAMLETS, GREATER LONDON, E1 8HN £322,500 14/10/2022 Flat
ORCHID APARTMENTS, 57 FLAT 1 CROWDER STREET, LONDON, TOWER HAMLETS, GREATER LONDON, E1 0EZ £568,000 30/09/2022 Flat
14 ANGEL MEWS, LONDON, TOWER HAMLETS, GREATER LONDON, E1 0DH £775,000 23/09/2022 Flat
RICHARD NEALE HOUSE FLAT 48 CORNWALL STREET, LONDON, TOWER HAMLETS, GREATER LONDON, E1 2QW £400,000 20/09/2022 Flat
34 FLAT 3 CANNON STREET ROAD, LONDON, TOWER HAMLETS, GREATER LONDON, E1 0BH £290,000 05/08/2022 Flat
MADDOCKS HOUSE FLAT 15 CORNWALL STREET, LONDON, TOWER HAMLETS, GREATER LONDON, E1 2QN £375,000 28/07/2022 Flat
Same street MULBERRY COURT, 1 FLAT 16 SCHOOL MEWS, LONDON, TOWER HAMLETS, GREATER LONDON, E1 0EW £721,000 14/07/2022 Flat
ELUNA APARTMENTS, 4 42 WAPPING LANE, LONDON, TOWER HAMLETS, GREATER LONDON, E1W 2RG £340,000 12/07/2022 Flat
23 FLAT 2401 GAUGING SQUARE, LONDON, TOWER HAMLETS, GREATER LONDON, E1W 2AX £2,268,000 30/06/2022 Flat

Street average: £721,000 (1 sale)

Area average: £862,088 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 14.4%
10y growth -8.4%

House Price Index (HM Land Registry — official index, not sold-price averages): Tower Hamlets. Series: Flats and maisonettes. As of April 2026.

1y (index) -12.8%
5y (index) -17.7%
10y (index) -9.6%

Rental Range

Estimated market rent for Tower Hamlets. Low = conservative, Realistic = average, Optimistic = best case.

Low £2,186/mo
Realistic £2,429/mo
Optimistic £2,672/mo

Based on Local Authority from postcode lookup → Tower Hamlets.

LHA (30th percentile) floor for Inner East London: £2,154/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View E1 0EW

Address

1 School Mews

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop St George's Town Hall / Shadwell Station 0.1 miles
Bus stop Tobacco Dock 0.1 miles
Shop E1 Dry Cleaners 0.1 miles
Shop Wapping Supermarket 0.1 miles
Train station Shadwell 0.1 miles
University NTU London 0.4 miles
University Northeastern University London 0.6 miles
Hospital Moorfields at Hoxton 2.1 miles
Hospital Medlabs Diagnostics 2.4 miles

Street-level crime

Category Count
Anti-social behaviour 457
Violence and sexual offences 439
Theft from the person 191
Shoplifting 189
Other theft 184
Public order 109
Burglary 74
Drugs 71
Robbery 58
Bicycle theft 54
Vehicle crime 54
Criminal damage and arson 17
Other crime 17
Possession of weapons 3
Total incidents 1917

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Jamiatul Ummah School Other 0.2 miles Good — 28 Apr 2022
Bigland Green Primary School Primary 0.2 miles Outstanding — 3 Nov 2017
Blue Gate Fields Junior School Primary 0.2 miles Good — 22 May 2023
Blue Gate Fields Infants' School Primary 0.2 miles Good — 7 Sep 2015
Mulberry School for Girls Secondary 0.3 miles Outstanding — 22 May 2024

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
3 Bed Flat, Cannon Street Road, E1 £3,120/mo 3 0.04 miles OpenRent
3 Bed Flat, Walburgh Street, E1 £2,500/mo 3 0.15 miles OpenRent

Average rent: £2,810/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.41%
Max investor price (0.8%) £351,250
Target investor price (1%) £281,000
Gross yield 5%
Cost-to-rent ratio 20.2×
Monthly cashflow £-174/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI -1.1%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).