The Royal Duke Pub, 474 Commercial Road, London, E1
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The Royal Duke Pub, 474 Commercial Road, London, E1

By Allsop

£ 2,000,000

Reviews

2 out of 5 stars

Allsop says ..

Internally arranged to provide Six self contained Flats (Two x 1 Bedroom Flats; Three x 2 Bedroom Flats and One x 3 Bedroom Flat), Total GIA approximately 384.6 sq m (4,140 sq ft), Upper Floors comprise Five Self-Contained Flats, The Ground Floor (Flat F) is presented in 'shell condition', The pr...

Property Oracle says ..

This property, The Royal Duke Pub, located at 474 Commercial Road in Shadwell, East London, is currently undergoing a substantial conversion into multiple residential units. The external appearance shows a building in need of renovation, with graffiti present on the boarded-up ground floor. The interior photographs present recently completed, clean, and modern flats with updated kitchens and bathrooms. However, a photo of the ground floor reveals an ongoing refurbishment or demolition project; meaning it’s not fully completed. This presents some uncertainties.

The property’s location on Commercial Road offers proximity to Limehouse DLR station, providing good access to central London. Nearby schools include well-rated primary and secondary options. However, the busy Commercial Road may present noise pollution and other typical issues associated with a main road location.

The asking price of £2,000,000 is a substantial investment. While the multiple units offer potential for rental income, the absence of precise square footage and land information complicates an accurate valuation. The total number of units will influence the overall price, but the present state of the property requires considerable investment in completing the construction work.

This property could represent a sound investment for a developer or investor prepared to complete the project and manage rental units once the property is fully renovated and operational. However, there are risks involved in a project that is not yet fully completed. The price is high and buyers should be wary of the current state of the property.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
4
Location
7
Land
1
Bedrooms
11
Bathrooms
6

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
625,000.00 £
Increased by 26.14 %
from 495,488.00 £
Average area rental value
2,521.00 £/mo
Increased by 24.93 %
from 2,018.00 £/mo
Est rental Yield
4.84 %
Decreased by 1.02 %
from 4.89 %
Crime Rate
6.00 %
Unchanged by 0.00 %
from 6.00 %

Agent Activity

  • Allsop created the listing.

Nearby Schools

NameTypeOfstedDistance
Marion Richardson Primary SchoolCommunity SchoolGood0.15 KM
Old Church Nursery SchoolLocal Authority Nursery SchoolOutstanding0.32 KM
Old Church Nursery SchoolChildren's Centre Linked Site0.32 KM
Stepney All Saints Church Of England Secondary SchoolVoluntary Aided SchoolOutstanding0.39 KM
Bishop Challoner Boys' SchoolVoluntary Aided SchoolRequires improvement0.48 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Head Street £ 000.00 KM
Barnardo Street £ 000.00 KM
Pique Mews £ 000.00 KM
Charrington Jetty £ 1,000,00000.00 KM
Tottam Terrace £ 400,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Limehouse7491LHS0.58 KM
Shadwell1082SDE1.33 KM
Wapping1085WPE1.55 KM
Rotherhithe1039ROE1.57 KM
Canada Water1659ZCW1.76 KM

Nearby Listings

AddressPriceTypeScoreDistance
Commercial Road, LONDON E1 £ 350,000BUYUnknown0.00 KM
Commercial Road, LONDON E1 £ 540,000BUY5 / 100.00 KM
Commercial Road, LONDON £ 350,000BUY5 / 100.00 KM
Commercial Road, LONDON E1 £ 675,000BUYUnknown0.00 KM
Commercial Road, LONDON E1 £ 540,000BUY5 / 100.00 KM

Nearby Properties

AddressPriceDistance
41 Lipton Road £ 195,0000.10 KM
43 Lipton Road £ 219,0000.10 KM
54 Lipton Road £ 269,0000.10 KM
51 Lipton Road £ 238,0000.10 KM
17 Lipton Road £ 208,6310.10 KM