2-bedroom flat · EC2A 2FD
For saleReduced £75k (−6.4%) on 16 SepListed 165 days
Opportunity summary
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About
A luxury two bedroom, two bathroom apartment on the 14th floor of Principal Tower. Description A luxury two bed, two bathroom apartment located in the iconic Principal Tower.
This apartment is positioned on the 14th floor and offers striking City views via the floor to ceiling windows.
The principal bedroom offers ample storage and a stylish modern en suite bathroom, with the secondary bedroom also including built in storage and is served by the sleek four piece family bathroom.
The property also benefits from a private terrace.
Residents have access to a comprehensive suite of amenities, including 24-hour concierge, a state of the art gym, infinity style swimming pool, sauna and spa, cinema screening room, and a resident’s lounge/bar.
This property has an EWS1 which states a B1 rating. The expiry date is October 2029. Please note, the photographs used for the marketing of this property were taken in March 2020.
Location Principal Tower is superbly located at the junction of Shoreditch High Street and Worship Street.
Shoreditch itself is 0.2 miles away, offering an eclectic blend of independent boutiques, restaurants, cafés and acclaimed street art.
Brick Lane (0.7 miles), is renowned for its vintage markets, curry houses, bakeries and the vibrant Old Truman Brewery complex, home to weekend food halls, pop-ups and creative studios.
Spitalfields (0.8 miles), provides a historic market filled with artisan makers, fashion, lifestyle stores and an exceptional dining scene.
This Zone 1 location provides convenient access to key local attractions.
Public transport is plentiful, with Shoreditch High Street Station (0.2 miles), Liverpool Street Station (0.35 miles), Old Street Station (0.5 miles), offering access to the London Overground (Windrush Line), the London Underground (Central, Circle, Hammersmith & City and Metropolitan, Northern and Elizabeth Lines), and National Rail services.
Please note, all distances are approximate. Source: Square Footage: 878 sq ft Leasehold with approximately 974 years remaining.
Value & comps
No previous sales on record.
Returns
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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.
Area
Agent & docs
FAQ
About Flat 1405, 2, Principal Place, London
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