3-bedroom flat · E1 5RP
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Purplebricks take pleasure in being chosen to exclusively market this three/four bedroom fourth floor purpose built apartment.
Ideal as a savvy investment purchase, for young professionals or for families alike, the property boasts approximately 700 sq ft of floor space and provides great scope and potential for those seeking to stamp their own mark and be creative.
Accommodation is versatile and can be utilised as either a four bedroom dwelling for investment purposes or as a three bed with separate lounge/diner.
Further benefits include gas heating, double glazed windows and the significant advantage of the property being sold with no onward chain!
Location Grindall House stands enviably positioned on the borders of Stepney/Whitechapel and Bethnal Green.
For the ease and convenience of commuters, both Stepney Green Tube (District/Hammersmith & City) and Bethnal Green Tube (Central Line) stations lie just around 1⁄4 mile away.
Bethnal Green Overground Station is also situated approximately 1⁄2 mile away.
Additionally, Whitechapel and Liverpool Street, as well as Aldgate and Aldgate East stations are all within easy walking distance.
The recent arrival of the Elizabeth Line to the local area has made access across central London and to Heathrow Airport even quicker!
Some local attractions within the vicinity include Stepney City Farm, the Genesis Cinema, Stepney Park, the Blind Beggar Pub as well as the world famous Rinkoff bakery.
The apartment's favourable location means that you will have some of London's world famous cultural, culinary and social hotspots at your convenient disposal.
Whether you're in the mood for the vibrant diversity of Brick Lane and Columbia Road, or the bright lights and bustle of the City and West End, or maybe even some of the trendy hang-outs synonymous with the Shoreditch, Hoxton and Old Street areas, there really is something for everyone and access to all of this could hardly be easier!
Property Ownership Information Tenure Leasehold Council Tax Band C Annual Ground Rent £10.00 Ground Rent Review Period No review period Annual Service Charge £3,396.06 Service Charge Review Period Every 1 year Lease End Date 05/06/2109 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Purplebricks and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required.
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
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 advisers 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.
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FAQ
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