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Three Mill Lane, E3, Tower Hamlets, London, E3
For saleReduced 10 Sept 2026
£350,000

Three Mill Lane, E3, Tower Hamlets, London, E3 3AF

1bedroom
1bathroom
Flattype
730sq ft
Leaseholdtenure

Listed 10 Jul 2026 · price reduced 10 Sept 2026 · Newham

How the price compares

This home£350,000£479 per sq ft
Median 1 bed in E3£300k28 homes listed · £635 per sq ft
Difference+17%above the area median

Key features

  • Exceptionally large one-bed flat, second floor with lift
  • South-facing private balcony over the water
  • Allocated secure underground parking, included in the title
  • Gated development of 47 flats on its own private island
  • Resident-managed (Right to Manage) with on-site caretaker
  • Bromley-by-Bow station 5 minutes' walk, A12 1 minute
  • EPC C, Council Tax Band C, wheelchair accessible
  • Chain-free, 102-year lease, EWS1 A1 rated (2023)

About this home

Exceptionally spacious 730 sq ft one-bedroom flat with a south-facing balcony, double-gated allocated underground parking and a 102-year lease, offered chain-free. Island House is a boutique gated development of only 47 homes built on a private island beside the listed Three Mills, five minutes' walk from Bromley-by-Bow.

Open-plan living and dining room with floor-to-ceiling windows onto the water and a large private balcony facing south-west: the rooms are bright all day with direct sunlight from early afternoon onwards. Fully-fitted kitchen with dishwasher, fridge and separate freezer. Large utility room with the washing machine and proper storage space. Large double bedroom and bathroom with an extra-wide bathtub. Oak engineered flooring throughout, timber double-glazed windows and thermal and acoustic insulation well above what new builds typically offer.

The island sits on the water away from any road, so the outlook is birdlife and boats rather than traffic, yet the A12 is a minute away by car and Bromley-by-Bow (District and Hammersmith & City) is a five-minute walk. Stratford, Westfield and the Olympic Park are ten minutes by bike along the towpath.

Island House is run by its residents through a Right to Manage company, with an on-site caretaker, secure double-gated entry, and an established reserve fund. External cladding works and composite balcony decking were completed in 2023, with an EWS1 A1 certificate and no remedial works outstanding, so lenders are not an issue. The flat qualifies for leaseholder protections under the Building Safety Act.

Flats in Island House come to market rarely. This one is chain-free and ready to move on quickly.

Tenure: Leasehold, 125 years from January 2004 (approx. 102 years remaining) Service charge: £3,414 per year (2025/26) Ground rent: £275 per year Council tax: Tower Hamlets Band C EPC: C (75) Parking: allocated underground space (ref 3), included in the title Set on its own private island off Three Mill Lane and a five minute walk from Bromley-by-Bow station. The Lea Navigation towpath and House Mill are on the doorstep, with Queen Elizabeth Olympic Park a short distance away. Please use the reference CHPK3223768 when contacting Foxtons.

Property details

Property type
Flat
Size
730 sq ft / 68 sq m
Council tax band
TBC
Tenure
Leasehold
Lease remaining
103 years left
Ground rent
£275 per year (Ask agent about the review period)
Service charge
£3,400 per year
Parking
Yes

Floorplan

Floorplan area for info only, not for £/sq. ft valuation

Location

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1 on this map

  • Bromley-by-Bow Station0.2 mi
  • Pudding Mill Lane Station0.5 mi
  • Bow Church Station0.5 mi

What nearby homes sold for

Median sold prices in E3 over the last 12 months: flat £425k · terraced £870k · semi-detached £875k · detached £3.35m.

AddressTypeSoldPrice
Flat 7, Island House, Three Mill Lane
London E3 3AF
Flat
Leasehold
5 May 2026£650,000
Flat 43, Island House, Three Mill Lane
London E3 3AF
Flat
Leasehold
26 Mar 2025£645,000
Flat 13, Island House, Three Mill Lane
London E3 3AF
Flat
Leasehold
6 Sept 2024£510,000

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in E3

Buying costs

Monthly repayment£1,751£35,000 deposit · £315,000 loan
Stamp Duty£7,500England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by Foxtons, Bow on Rightmove (original listing). First listed 10 Jul 2026; details checked 7 Nov 2026. Latest change: reduced on 10/09/2026.

Agent disclaimer

Disclaimer - Property reference 1384896. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Foxtons, Bow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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