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
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Metrics Year-on-Year
- Average area value
- 625,000.00 £Increased by 26.14 %
- Average area rental value
- 2,521.00 £/moIncreased by 24.93 %
- Est rental Yield
- 4.84 %Decreased by 1.02 %
- Crime Rate
- 6.00 %Unchanged by 0.00 %
Agent Activity
Allsop created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Marion Richardson Primary School | Community School | Good | 0.15 KM |
| Old Church Nursery School | Local Authority Nursery School | Outstanding | 0.32 KM |
| Old Church Nursery School | Children's Centre Linked Site | 0.32 KM | |
| Stepney All Saints Church Of England Secondary School | Voluntary Aided School | Outstanding | 0.39 KM |
| Bishop Challoner Boys' School | Voluntary Aided School | Requires improvement | 0.48 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Head Street | £ 0 | 0 | 0.00 KM |
| Barnardo Street | £ 0 | 0 | 0.00 KM |
| Pique Mews | £ 0 | 0 | 0.00 KM |
| Charrington Jetty | £ 1,000,000 | 0 | 0.00 KM |
| Tottam Terrace | £ 400,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Limehouse | 7491 | LHS | 0.58 KM |
| Shadwell | 1082 | SDE | 1.33 KM |
| Wapping | 1085 | WPE | 1.55 KM |
| Rotherhithe | 1039 | ROE | 1.57 KM |
| Canada Water | 1659 | ZCW | 1.76 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Commercial Road, LONDON E1 | £ 350,000 | BUY | Unknown | 0.00 KM |
| Commercial Road, LONDON E1 | £ 540,000 | BUY | 5 / 10 | 0.00 KM |
| Commercial Road, LONDON | £ 350,000 | BUY | 5 / 10 | 0.00 KM |
| Commercial Road, LONDON E1 | £ 675,000 | BUY | Unknown | 0.00 KM |
| Commercial Road, LONDON E1 | £ 540,000 | BUY | 5 / 10 | 0.00 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 41 Lipton Road | £ 195,000 | 0.10 KM |
| 43 Lipton Road | £ 219,000 | 0.10 KM |
| 54 Lipton Road | £ 269,000 | 0.10 KM |
| 51 Lipton Road | £ 238,000 | 0.10 KM |
| 17 Lipton Road | £ 208,631 | 0.10 KM |