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See how verdicts work2-bedroom flat · E1 6UJ
For saleListed 109 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Situated in the heart of Spitalfields, this well-presented two-bedroom raised ground-floor apartment forms part of the sought-after Priory House development.
The property features a spacious open plan kitchen/dining/reception room with direct access to a private south-facing terrace overlooking the beautifully maintained Elder Gardens, providing a peaceful setting rarely found in such a central location.
The apartment further benefits from two well-proportioned double bedrooms, two bathrooms, secure underground gated parking, and excellent storage throughout.
Residents enjoy the convenience of a 24-hour concierge service, gym, business suite and attractive communal grounds.
Folgate Street occupies an enviable position on the edge of the City, moments from the vibrant amenities of Spitalfields and Shoreditch.
Old Spitalfields Market, Brick Lane and the surrounding streets are home to an exceptional selection of acclaimed restaurants, cafés and independent retailers.
A variety of boutique shops, galleries, gyms and everyday conveniences further enhance the area's appeal, creating one of London's most dynamic and desirable neighbourhoods.
Please note that both bedrooms have been virtually staged with furniture being fitted in both and carpet virtually installed in the main bedroom.
Service Charge: £5906.55 pa Ground Rent: £275 pa Unexpired Lease Term: 115 years EPC - C Council Tax - F (Tower Hamlets) Location The property is exceptionally well connected, with Liverpool Street Station approximately 0.4 miles away, providing access to the Elizabeth, Central, Circle, Metropolitan and Hammersmith & City lines, together with National Rail services.
The Elizabeth line offers a direct route to Heathrow Airport, while the Stansted Express provides the same to Stansted Airport.
Additional transport links are available from Shoreditch High Street, Aldgate East, Whitechapel and Old Street stations, offering excellent connectivity across London and beyond.
The City of London is also within close proximity, making this an ideal home for professionals seeking a highly convenient commute.
Elder Gardens is a tranquil landscaped garden situated to the rear of Priory House.
Created during the late 1990s as part of the area's residential regeneration, the gardens occupy land formerly used by the historic Spitalfields flower market, providing a secluded green oasis amidst the vibrant city surroundings.
The wider Folgate Street and Spitalfields area is steeped in history, standing on land once associated with the medieval Priory and Hospital of St Mary Spital, from which Spitalfields takes its name, and later becoming famous for its Georgian terraces and Huguenot silk-weaving heritage.
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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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
About Priory House, Folgate Street, London
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