2-bedroom flat · E11 1UJ
For saleReduced £35k (−7.2%) on 29 JulListed 134 days
Opportunity summary
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About
This first floor, two bedroom apartment is situated in a magnificent Grade II* Listed Victorian building, within 0.5 mile from Snaresbrook Central Line tube station.
Description A first floor apartment situated in a Grade II* Listed building, described in the listing as:- Former Merchant Seamen's Orphan Asylum at Wanstead Hospital and chapel to the north west of Wanstead Hospital.
1861 opened 1863 and closed in 1921. Subsequent uses include a convent and hospital before conversion into apartments during the late 1990s. Designed by George Somers Clarke.
Built as Merchant Seamen's Orphan Asylum. A symmetrical design in banded red brick with Ancaster stone dressings. Three storeys plus gable dormers in hipped tiled roof: Tower with squat spire.
Modified Venetian gothic style. The chief external features are the tower and spire and the porch with Devonshire marble columns. The great hall was added in 1866.
The apartment enjoys features typical of properties from the era, including tall ceilings and large windows which flood the rooms with natural light.
The front door leads to an entrance hall with access to all rooms.
The reception room has wood effect floor covering and open access to the kitchen with a a range of fitted cupboards and integrated appliances.
There is a main double bedroom, a second bedroom currently used as a study and a bathroom with a period correct styled bathroom suite.
There are communal grounds with lawned areas and mature flower beds, allocated parking for one car plus guest parking.
Location Wanstead has a village feel with a thriving high street including Gail's Bakery, a Ginger Pig butcher, plus numerous coffee shops, eateries and boutiques.
An abundance of local green spaces include Wanstead Park and Hollow Ponds as Epping Forest extends.
There are two central line tube stations (Snaresbrook and Wanstead) in close proximity providing excellent access into the City and beyond.
Square Footage: 605 sq ft Leasehold with approximately 159 years remaining. Additional Info Service Charge - £2500 per annum Ground Rent - Peppercorn Lease Expiry - 31/03/2185
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Flat 26, Clock Court,, Victory Road, London
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