# 3 bedroom apartment for sale (E1 0EW) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 31, MULBERRY COURT, 1, SCHOOL MEWS, LONDON, GREATER LONDON E1 0EW | | Price | £680,000 | | Bedrooms | 3 | | Bathrooms | 3 | | Council tax | E | | Last sold | £690,000 Jun 2025 | ## 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. ## Property Photos - ![Picture No. 07](/listings/photos/153529319/1547798) - Picture No. 07 - ![Picture No. 04](/listings/photos/153529319/1547799) - Picture No. 04 - ![Picture No. 06](/listings/photos/153529319/1547800) - Picture No. 06 - ![Picture No. 03](/listings/photos/153529319/1547801) - Picture No. 03 - ![Picture No. 02](/listings/photos/153529319/1547802) - Picture No. 02 - ![Picture No. 08](/listings/photos/153529319/1547803) - Picture No. 08 - ![Picture No. 09](/listings/photos/153529319/1547804) - Picture No. 09 - ![Picture No. 10](/listings/photos/153529319/1547805) - Picture No. 10 - ![Picture No. 05](/listings/photos/153529319/1547806) - Picture No. 05 - ![Picture No. 11](/listings/photos/153529319/1547807) - Picture No. 11 ## Floorplans - ![Floorplan](/listings/photos/153529319/1547808) - Floorplan ## EPC Graphs - ![EPC Rating Graph](/listings/photos/153529319/1547809) - EPC Rating Graph ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | MULBERRY COURT, 1 FLAT 31 SCHOOL MEWS, LONDON, TOWER HAMLETS, GREATER LONDON, E1 0EW | £690,000 | 26/06/2025 | Flat | | MULBERRY COURT, 1 FLAT 31 SCHOOL MEWS, LONDON, TOWER HAMLETS, GREATER LONDON, E1 0EW | £542,500 | 25/02/2011 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | 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) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £450,290 (93 Flat, E1, 2024–2026) - **Deviation:** +51% ## Rental Range *ONS Price Index of Private Rents (Tower Hamlets). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £2,186/mo - **Realistic:** £2,429/mo - **Optimistic:** £2,672/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Inner East London (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £2,154/mo ## 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)** ## 1% Rule - **Rent ratio:** 0.41% (weak for cashflow) - **Max investor price (0.8%):** £351,250 - **Target investor price (1%):** £281,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £2,810/mo).* - **Gross yield:** 5% - **Cost-to-rent:** 20.2× - **Monthly cashflow:** £-174/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -1.1% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − 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).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 14.4% - **10y growth:** -8.4% ## House Price Index (HM Land Registry) *Official index for Tower Hamlets; Flats and maisonettes series; as of April 2026.* - **1y growth (index):** -12.8% - **5y growth (index):** -17.7% - **10y growth (index):** -9.6% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)