2-bedroom flat · E20 1BR
For saleListed 37 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Southern Housing is pleased to present this spacious two-bedroom shared ownership apartment in Tower Hamlets.
Situated on the seventh floor, this well-designed home offers bright and contemporary living throughout.
At the heart of the property is an impressive open-plan living, dining and kitchen area, creating a welcoming space for relaxing, entertaining and everyday living.
Large doors lead directly onto a private balcony, providing the perfect spot to enjoy some outdoor space from the comfort of your home.
The principal bedroom is generously sized and benefits from a built-in wardrobe as well as a private en-suite bathroom, offering both convenience and additional comfort.
The second bedroom is also well-proportioned and would be ideal as a guest room, home office or additional bedroom.
A modern family bathroom is accessed from the hallway, while useful storage cupboards help keep the home organised and maximise the available living space.
Finished to a good standard throughout, this apartment offers a practical and stylish layout, making it an excellent opportunity for buyers looking to purchase an affordable home through the shared ownership scheme.
Register your interest today to receive the Shared Ownership Initial Assessment. This assessment must be successfully completed before a viewing can be arranged.
Key Information: Full Market Value: £570,000 Share: 50%, £285,000 Rent: £731.77 Service Charges: £364.53 Lease Length: 111 years Council Tax Band: D Local Area Information Festuca House enjoys a fantastic location in the heart of East Village, one of London's most vibrant and sought-after neighbourhoods.
Originally created as part of the London 2012 Olympic legacy, the area has evolved into a thriving residential community with an excellent range of amenities on the doorstep.
Residents can enjoy a variety of cafés, restaurants, supermarkets and independent retailers, alongside a selection of fitness facilities and everyday conveniences, creating a lively yet well-balanced place to call home.
The development is surrounded by an abundance of green open space, making it ideal for those who enjoy spending time outdoors.
The iconic Queen Elizabeth Olympic Park is just moments away, offering beautifully landscaped parkland, waterways, walking and cycling routes, playgrounds and world-class sporting venues.
Nearby green spaces provide plenty of opportunities for relaxation, exercise and recreation throughout the year.
East Village is exceptionally well connected, with Stratford Station within easy reach providing access to the Central and Jubilee lines, the Elizabeth line, London Overground, DLR and National Rail services.
These excellent transport links make journeys across London, Canary Wharf, the City and beyond both quick and convenient.
Stratford International Station is also close by, further enhancing connectivity and making the location particularly appealing for commuters and those looking to enjoy all that London has to offer.
Key Features: Lots to do nearby Stunning communal gardens Excellent transport links Long lease of 111 years
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.
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FAQ
About Festuca House, 38 Mirabelle Gardens, London
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