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See how verdicts work2-bedroom flat · E1 1NH
For saleReduced £50k (−7.1%) on 1 JulListed 324 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
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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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 Flat 3,, Victoria Mills, London
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