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See how verdicts work1-bedroom flat · E3 5BZ
For saleListed 5 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
“A well-positioned apartment close to Victoria Park and east London’s historic canals” Quietly situated in the Medway conservation area, this split-level apartment sits within the former gymnasium of a converted 19th-century school.
The result is one of tremendous scale, with ceilings almost 5m high, a generous mezzanine level, and large south-facing sash windows.
Mile End station is a short walk south, and Victoria Park’s lush open spaces are just to the north.
The Tour The building presents an imposing silhouette with an enormous sense of scale and volume – characteristics echoed within the apartment.
A bicycle store occupies the building’s ground floor, and the apartment is accessed on the first floor.
Upon entering, the interiors immediately display strong character; the gymnasium’s original herringbone parquet flooring runs beneath and filtered light edges in from the living space beyond.
The entrance hall provides coat storage.
The wonderfully bright living room feels incredibly spacious, thanks to a double-height ceiling, with bespoke wall shelving (both practical and decorative) and a large south-facing sash window that brings in light from dawn till dusk.
The plan makes excellent use of the space, with a generous mezzanine that leverages the sense of scale and storage beneath the stairs.
The kitchen and bedroom are situated on the mezzanine, each decently sized and subtly delineated by a curtain rail.
Accessed from the hall, the bathroom features a shower over the bath and additional storage cupboards.
The Area Positioned along a tree-lined residential street, Schoolbell Mews is ideally located just moments from the popular amenities, independent shops, and bustling weekend markets of Roman Road.
For green space, the expansive open grounds and historic charm of Victoria Park lie just to the north.
Transport links are exceptionally convenient, with Mile End station, offering quick access across the capital via the Central, District, and Hammersmith & City lines, within a short walk to the south.
Tenure: Leasehold | Lease Length: Approx. 84 years remaining | Service Charge: £3000 | Ground Rent: £150 | Council Tax Band: C
Value & comps
No previous sales on record.
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 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.
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FAQ
About Schoolbell Mews, London
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