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London Zone 2 | Limehouse - London's Oldest Canal

Limehouse - London's Oldest Canal

Limehouse in East London has an excellent location, between City of London and Canary Wharf, and is very popular with young office workers and investors.

 

Limehouse - Region Background and Development

Limehouse used to be one of the important commercial trading areas in the harbour area. Many cargo ships were traded here, but it also contained some illegal smuggled shipping. But today's harbour area is closed. After the rise of Canary Wharf about 20 years ago, this area has transformed into one of the favourite areas for bankers, office workers, and investors.

The most popular postcode in this area is E14, which includes the Isle of Dogs, Canary Wharf, and Wapping areas with many new projects; postcode E1 includes the Mile End and Stepney areas.

The best area of Limehouse is around Narrow Street, such as Commercial Wharf, Roneo Wharf, Ratcliffe Wharf, etc., are the most popular high-end river view buildings here.


Limehouse - Location and Traffic

 

Limehouse located in East London zone2 and belongs to the London Borough of Tower Hamlets in terms of administrative division. Rotherhithe. Limehouse is very close to two world-class financial centres in the UK, Canary Wharf and the City of London, as well as Stratford in the east.

Many people may not know that Limehouse used to be the first Chinatown in London! The current Chinatown has been relocated to Soho, but the E14 area is still loved by many Chinese.

The transportation in this area is very convenient. There is a light rail DLR that can go directly to the Bank Station in the West Causeway District and the Canary Wharf Station in Canary Wharf. It belongs to the halfway station of the two world financial districts in London. Buying or renting a house in Limehouse, and because of its excellent location, many investors are here to rent a house (Buy-to-Let).

 

Limehouse - Life and Recreation

 

There will be a "farmers' market" every Saturday here, located in Stepney City Farm, there are all kinds of fresh vegetables, fruits and delicacies, friends who have never been here can come and try it out!

Address: Stepney Way, London E1 3DG

The Narrow gastropub here is one of the restaurants and bars owned by the world-renowned chef Gordon Ramsay. His restaurant has won a total of 15 Michelin stars, the first Michelin star in the world. The third most starred chef, this Limehouse pub has been voted one of the best in London.

Address: 44 Narrow St, London E14 8DP

The Mile End Park here is very suitable for small families to go out together. It has a spacious green space and some recreational facilities, and it also adds some green decorations to the Fort area.

Address: Clinton Rd, London E3 4QY

There is also a municipal swimming pool, St George’s Leisure Centre, which is open from 7 am to 9:30 pm. In addition to the general swimming pool, there is even a diving version and various recreational facilities, which are very suitable for adults and children to exercise together.

Address: 221 The Highway, London E1W 3BP

 

Limehouse - Local Education

 

According to Ofsted, an authoritative office for standards in education in the UK, in the Limehouse area there are:

 

Primary School

SchoolAgeLocation 
 Sir William Burrough3-11  Salmon Lane
Cyril Jackson 3-11 Three Colt Street
Cayley 3-11 Aston Street
Stepney Greencoat  3-11Norbiton Road  
Marion Richardson 3-11Senrab Street 
 Halley 3-11 Halley Street

 

Comprehensive School

SchoolAgeLocation 
Sir John Cass 11-18Stepney Way
Bishop Challoner RC 11-18Commercial Road
 Bishop Challoner RC boys’ school  11-18 Stepney Way
 Bishop Challoner Catholic Federations of School  11-16 Commercial Road

 

Private School

 SchoolAge Location 
Pier Head Preparatory School 2-11Shadwell Pierhead
City of London schools 10-18 Boys' schoolQueen Victoria Street
City of London schools 7-18 Girls' schoolBarbican

 

Limehouse - Property Market

 

Let's take a look at the housing prices in Limehouse!

Next, let's look at more detailed statistics about the average price of buying and renting a house:

 

Limehouse - Council Tax

Council Tax is a tax that you have to pay every month whether you buy or rent a house. It can be classified as a necessary fixed cost, so check the Council Tax in the area before buying or renting a house:

Council RateTax Pay
Brand A£928.28
Brand B£1,082.99
Brand C£1,237.70
Brand D£1,392.42
Brand E£1,701.85
Brand F£2,011.28
Brand G£2,320.70
Brand H£2,784.84

 

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Landlord Fees

Letting Only: - 12% (Inc VAT)

Management Only: 7.2% (Inc VAT)

Letting & Management: 19.2% (Inc VAT)

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Tenant Permitted Payments

Refundable Holding deposit: - Capped at 1 weeks rent

Security Deposit: Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent: The agreed monthly rent

Changes to tenancy Capped at £50 inc VAT

Early termination charge: Not exceeding the landlord’s financial losses

Late payment of rent: Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys: Reasonable costs or give the tenant the option to purchase themselves

Utilities, council tax, communication services, TV Licence etc: Tenants own responsibility unless otherwise stated in contract

Client Money Protection Scheme: Membership details C0009130

Property Redress Scheme Membership details TPO N01995