E2 9HE - 29 bed highyield freehold block in Mowlem Street, E2 9HE

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29 bedroom block of apartments for sale in Mowlem Street, Bethnal Green, E2

Summary - 20 Mowlem Street, Bethnal Green, E2 E2 9HE

29 bed 25 bath Block of Apartments

Fully let East London block with strong income and excellent transport links.
Unbroken freehold block totaling c.11,256 sq ft
A rare, unbroken freehold block in Bethnal Green offering a secure, income-producing asset across five floors. The building totals approximately 11,256 sq ft and comprises 18 modern flats (five ground-floor studios and 13 one- to three-bedroom units), all currently occupied and producing a reported annual rental income of £418,440. With lift access, gated parking, communal garden and covered bicycle storage, the development suits long-term, low-void investing.

Transport links and local amenities underpin tenant demand: Cambridge Heath Overground is a short walk and Bethnal Green tube sits within half a mile, while nearby parks, markets and creative amenities attract young professionals and creatives. Constructed in 2007–2011 with double glazing and modern finishes, the block requires only routine management rather than major capital works.

Buyers should note material factors plainly: the flats rely on electric room heating (higher running costs and lower energy efficiency than gas or communal systems), the wider area is classified as deprived with average crime levels, and the neighbourhood is inner-city so occasional urban noise should be expected. These factors are reflected in the current income profile and yield.

Offered at £6,750,000 (about £600 per sq ft), this well-positioned asset offers immediate cash flow, established tenant demand and upside from area regeneration. It is best suited to investors seeking a hands-on residential block with steady returns and potential for rental growth over time.

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