Summary - Shiraj Tower, E1 E1 2BT
2 bed 1 bath Apartment
Two-bedroom city-edge flat — cash buyers, strong rental potential close to Aldgate East..
Third-floor two-bedroom apartment, 649 sq ft
Prime City-edge location near Aldgate East and Shadwell
Currently tenanted month-to-month (income potential)
92-year lease remaining — consider mortgage/valuation limits
Service charge £3,268.45 pa (includes ground rent and insurance)
Cash buyers only — not suitable for standard mortgage buyers
High local crime rate and area deprivation to note
Fast broadband and excellent mobile signal; strong transport links
Set on the third floor of Shiraj Tower, this two-bedroom apartment offers direct access to excellent transport links and the amenities of Commercial Road. At 649 sq ft, the layout provides comfortable living space with contemporary finishes and double glazing installed post-2002. Its proximity to Aldgate East, Shoreditch, Brick Lane and Canary Wharf makes it appealing for commuters and renters seeking central convenience.
The property is currently let on a month-by-month basis, making it suitable for investors seeking quick re-letting or continuing an income stream. The 92-year lease and a service charge of £3,268.45 (inc. ground rent and building insurance) are important ownership considerations; purchasers should factor these into long-term costs. Sale is for cash buyers only.
Buyers should be aware of the wider area context: this is an inner-city, multicultural neighbourhood with high crime and pockets of deprivation, balanced by fast broadband, excellent mobile signal and a strong local amenity mix. For first-time buyers considering owner-occupation, or investors prioritising location and rental demand, the flat offers clear potential but requires cash purchase and lease-term planning.
2 bedroom flat for sale in Commercial Road, London E1 — £330,000 • 2 bed • 1 bath • 657 ft²
2 bedroom flat for sale in Tarling Street, Shadwell, London, E1 — £375,000 • 2 bed • 1 bath • 675 ft²
2 bedroom flat for sale in Tyne Street, Aldgate, London, E1 — £535,000 • 2 bed • 1 bath • 690 ft²
2 bedroom flat for sale in Shiraj Tower, 201 Commercial Road, London, E1 — £250,000 • 2 bed • 1 bath • 639 ft²
2 bedroom flat for sale in Leyden Street, Aldgate, E1 — £700,000 • 2 bed • 2 bath • 839 ft²
2 bedroom flat for sale in Commercial Road, Whitechapel, E1 — £520,000 • 2 bed • 2 bath • 863 ft²
