How much is New Drum Street, Aldgate?

The asking rent is £4,290 a month.

New Drum Street, Aldgate

Studio flat

776 sq ft

Asking rent

£4,290/mo

To rentListed 4 days

Investor metrics

HMO Article 4 Direction AreaHMOs · C3 → C4 HMO conversion requires planning permission here

Opportunity summary

See Archie’s verdict, returns by strategy and what to check before viewing.

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About

The property

Long let. Alma offers a bespoke and personalized approach to city living.

Pet-friendly apartments are stylishly furnished with sustainable furniture and feature premium details such as air heating and cooling, a wine fridge, generous built-in storage, and private winter gardens.

Extensive amenity spaces include a leafy communal terrace, residents lounge/private dining area, screening room, fitness suite, co-working space, and private working booths available for all residents to use or to hire privately.

Community hosts and a 24/7 concierge are on hand to arrange a variety signature services to bring ease to the everyday, including housekeeping, pet grooming, private car hire service, in-home massage, and flower delivery as well as coordinating a range of resident events and Neighbourhood Heroes discounts.

Alma is situated in an excellent location moments from Aldgate East Station for links around the city, while nearby Spitalfields is in close proximity for dining and entertainment options.

Please use the reference CHPK6206774 when contacting Foxtons.

Key information

Furnished state

Furnished

Deposit required

£4,950

Floor area

776 sq ft (72 sq m)

Reception rooms

Local authority

Tower Hamlets

London Borough

County

Greater London Authority

Value & comps

How does the rent compare?

No previous sales on record.

Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.

Returns

What does it return?

Rent evidence

Rental benchmark

Nearby rental comparables

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Local SA Market

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Model

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Strategy: R2R · full calculator

R2R calculatorRent-to-rent SA + HMO strategies — occupancy, platform fees, profit

Investment Disclaimer

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

Is it a deal?

Archie’s verdict

Archie has scored this property.

Article 4HMO Article 4 applies

HMO Conversion Potential

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.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

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.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

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.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

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.