2-bedroom flat · E11 1UH
For saleListed 89 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**chain free - as must-see grade II listed duplex apartment - 970 year lease - allocated parking spaces - exclusive great hall development - 1387 sqft** OC Homes are delighted to present this truly exceptional duplex apartment, forming part of the iconic Great Hall within the prestigious Wanstead Hospital development.
Originally built in 1866 as the Royal Merchant Seamen's Orphanage, this remarkable Grade II listed Victorian Gothic building is one of Wanstead's most recognisable landmarks, offering an unrivalled blend of history, character and architectural beauty.
This large first-floor apartment is beautifully presented throughout; the property boasts a unique split-level layout featuring an impressive open-plan living and dining area with soaring ceilings, a mezzanine reception, modern fitted kitchen, principal bedroom with en-suite, second double bedroom with mezzanine level, versatile study/dressing area, contemporary shower room and an abundance of natural light.
Further benefits include being offered chain-free, an exceptionally long lease of approximately 970 years, allocated parking spaces, visitor parking and beautifully maintained communal grounds.
Ideally located just a short walk from Wanstead High Street, with its excellent range of cafés, restaurants, boutiques and local amenities, the property is also within easy reach of Snaresbrook and Wanstead Central Line stations, providing excellent connections into Stratford, the City and the West End.
Surrounded by the open green spaces of Wanstead Park, Hollow Ponds and Epping Forest, this is a rare opportunity to acquire one of Wanstead's most distinctive and sought-after homes.
Tenure Lease: 970 Years service charge: £2850 p/a ground rent: £250 p/a council tax: London Borough of Redbridge: Band F - £3163
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
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
FAQ
About Flat 5, The Great Hall, Victory Road, London
Explore nearby