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See how verdicts work5-bedroom flat · E3 4TQ
For saleListed 188 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spartan Property Services are pleased to present this five-bedroom HMO investment property situated on Eric Street, E3 4TQ.
Offered at a guide price of £475,000, the property is currently arranged as a 5-bedroom House in Multiple Occupation and is fully let to five tenants, providing immediate income from completion.
Investment Highlights: 5 self-contained letting rooms Fully occupied with 5 tenants in situ Established HMO setup Immediate income-producing asset Located in a high-demand rental area Excellent transport links to Canary Wharf, Stratford & Central London Strong tenant demand from professionals The property comprises five letting rooms, a fitted kitchen, bathroom facilities, and additional WC.
Several rooms benefit from good natural light, and one includes access to a private balcony.
The building forms part of a well-positioned residential block within close proximity to local amenities, bus routes and underground connections.
This location continues to see strong rental demand due to its proximity to: Mile End Underground Station Bow Road Stratford & Westfield Canary Wharf employment hub The property is ideally suited to: ✔️ Portfolio landlords seeking steady cashflow ✔️ Investors looking for a turnkey HMO ✔️ Buyers seeking long-term capital appreciation in East London With an asking price of £475,000, the asset presents an attractive entry point into the East London HMO market, with potential to review and increase rents (subject to market conditions and compliance), thereby improving yield over time.
Further financial information, tenancy schedule and compliance documentation available upon request.
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.
Area
Agent & docs
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FAQ
About 66, Eric Street, London
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