Modern Method of Auction
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We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · E1 1NH
For saleReduced £50k (−7.1%) on 26 OctListed 147 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set on the first floor of the popular warehouse-style Victoria Mills building this superb apartments measures over 1,400 sq. ft.
It has been newly refurbished throughout to a high specification and is ready-to-move into.
A large, welcoming hallway greets you upon entry with stylish wooden floors leading you through double doors and down a further wide hallway into the impressive reception room.
With a brand new open plan kitchen, fully equipped with top quality integrated appliances, this main room has everything you could need - warehouse-style windows, a Juliet balcony, a spacious dining area, lounge area and an additional space that can be used as a work-from-home space, as we have presented it, or as your needs suit.
Both bedrooms are an excellent size, with plentiful natural light, built-in wardrobes and the two bathrooms have been renovated in a luxurious style both with walk-in showers.
A large private covered balcony terrace is accessed from both bedrooms and looks onto a quiet courtyard at the rear of the building.
Victoria Mills has a daytime concierge and the property is being sold with no onward chain. Boyd St is a quiet residential street on the edge of the City of London close to Commercial Road.
You are spoilt for choice with transport links - Algate East is very close by and Aldgate, Tower Hill, Shadwell and Whitechapel, with the Elizabeth Line, are all within walking distance.
Most residents of the building walk to work in the City or jump on a bus to the West End.
Liverpool St and Spitalfields are also within walking distance and the riverside, with the Tower of London, is also close. The wonderful Wilton's Music Hall venue is also nearby.
Please watch the video tour! Chain free sale Newly renovated Latest annual service charge £9,200 incl. reserve fund Annual ground rent £100 Leasehold.
Current lease expiring in 2123 Tower Hamlets Council Tax Band F AUCTIONEERS COMMENTS: ***This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT.
These services are optional.***
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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.
Area
Agent & docs

FAQ
About Victoria Mills, 9 Boyd Street, London
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