2-bedroom flat · E1 5LQ
To rentReduced £250 (−5.9%) on 1 OctListed 35 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This one's for you if... You’re looking for a stylish two-bedroom apartment moments from Brick Lane, with plenty of space and a modern finish throughout.
The heart of the home is the exceptionally large open-plan kitchen and living space, complete with modern appliances and loads of room for cooking, dining and entertaining.
Both bedrooms are generously sized and have their own en suite bathrooms, while the main bedroom also benefits from a walk-in wardrobe. There’s even a separate guest WC for when friends come over.
With lift access and Brick Lane right on your doorstep, you’ll have some of East London’s best restaurants, bars, markets and independent shops within easy reach.
Modern, spacious and brilliantly located for East London living.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 First Floor, 23, Spelman Street, London
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