Auction
Auction date passed
This lot went to auction on 20 October 2026 (6 days ago) but remains listed. It was still on the portal 4 days ago. That usually means it didn’t sell — it may now be available by private treaty or head to a future auction. Worth confirming current availability with the agent.
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts workProperty · E16 2NL
For saleListed 27 daysAuction 20 Oct · unsold, still listed
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Strapline Auction Sale - 20/10/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website.
- Freehold development land occupying a prominent corner location comprising approx 0.1 acres (0.04 hectares).
Lapsed planning for 8 apartments, office space and parking, with further development potential for various different schemes (subject to consents). Vacant.
Description Freehold development land occupying a prominent corner location comprising approx 0.1 acres (0.04 hectares).
Lapsed planning for 8 apartments, office space and parking, with further development potential for various different schemes (subject to consents). Vacant.
Location The site is located on the north side of Albert Road in North Woolwich, within the London Borough of Newham and the wider Royal Docks area.
The surrounding neighbourhood comprises a mix of established residential development, local amenities and open spaces, with the Royal Docks and Woolwich situated nearby.
Transport The site benefits from excellent public transport connectivity, with King George V DLR Station approximately 300 metres away, providing convenient connections to Canning Town, Canary Wharf and the wider London transport network.
Numerous bus services operate along Albert Road, while Woolwich Arsenal provides further DLR and National Rail connections.
Tenancy Vacant Accommodation Approx 0.1 acres (0.04 hectares) Planning Newham Council - Ref:13/00942/ful Lapsed Planning for the 'Redevelopment of brownfield site with part 3 and part 4 storey building comprising 8 no.
Apartments (2 x 1 bed, 3 x 2 bed and 3 x 3 bed ), office space (B1) and 4 no. Car parking spaces.'
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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
Agent & docs
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FAQ
About Land on the north side of Albert Road, North Woolwich
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