Studio flat · E3 4YE
For saleListed 20 daysAuction 29 Oct · in 8 days
Opportunity summary
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About
For sale by auction 29th October 2026 at 12:00 £40,000 plus freehold ground rent investment prod. £4,900 P.A.
Location & Description A freehold block comprising of 12 flats arranged over 6 stories producing a ground rent income of £4,900 p.a.
Sphere Apartments is situated on St Paul's Way in Mile End, East London, close to a range of local shops & ameneties.
Mile End Underground Station (Central, District and Hammersmith & City lines) and Limehouse Station are approximately half a mile away, providing convenient connections to the City, Canary Wharf and wider London.
Lease Details 12 Flats all sold off on long leaseholds of 150 years from 01.02.2017. 7 flats have a ground rent of £450 p.a. 5 flats have a ground rent of £350 p.a.
Each ground rent is subject to review every 21 years based on rpi. Air space sold off on a 999 year lease from 01.02.2022 at a peppercorn.
Note Auction Surveyor: Stuart Mackay Contact: / producing £4,900 P.A.
Value & comps
No previous sales on record.
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Returns
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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
FAQ
About 25, St Pauls Way, London
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