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£184,000 below fair value

E3 3AF

Island House, Three Mill Lane, E3

2 Beds
2 Baths
79 m² Floor area
Type Flat
Listed 15 May 2026
Asking price £430,000
Price per m² £6,076 / m²

Set within the sought-after Island House, a picturesque gated development comprising just 47 homes, this outstanding two-bedroom apartment offers over 845 sq ft of thoughtfully designed living space, featuring stunning dual-aspect canal and park views from both balconies and an open-plan kitchen perfect for entertaining.

Recently completed cladding works and composite decking (2023) with no ongoing maintenance required.

Nestled along the River Lea in E3, Island House is a rare blend of tranquillity and community — complete with the security of gated access, right to manage, and a well-established, friendly residents' group.

The property includes a private allocated parking space in a secure underground car park. There is also communal bike storage available.

There is a reliable on-site caretaker (Pete) — a familiar face for gardening, maintenance, and assistance.

Island House Community & Management Right to Manage company, gives residents direct control over management decisions and costs.

The service charge has been stable for over 10 years, with over £170,000 reserve fund confirmed.

Excellent transport links via Devons Road & Pudding Mill Lane DLR, Underground (Bromley By Bow), and Stratford International.

Adjacent to Three Mills Park & Studios.

This is a rare opportunity to secure a spacious, well-maintained canal-side home with all the benefits of a proactive community and direct management involvement.

Contact us today to arrange a viewing — properties in Island House are rarely available and highly sought after.

How the asking price has moved

May 2026
£480,000
Listed at original asking price
Aug 2026
£430,000
Current asking price

What similar homes actually sold for

Nearby Land Registry transactions — the data behind our fair price estimate.

Source: HM Land Registry · E3 3AF · Sorted by date

Island House, Three Mill Lane, E3

Our fair price estimate
£614,000
Nearby sold prices per m² × UK HPI × 79 m² floor area (EPC-declared)
Asking price £430,000
Fair price £614,000
Difference ↓ £184,000 under
Price per m² £6,076 / m²
Contact landlord
About this valuation

Fair price calculated from HM Land Registry sold prices in the same postcode area, adjusted by the UK House Price Index, and multiplied by the EPC-declared floor area of 79 m². Updated daily.