1-bedroom flat · N1 6FB
For saleReduced £45k (−9.1%) on 16 OctListed 163 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented one-bedroom apartment situated on the 5th floor of The Spectrum Building.
The property is bright throughout and has a west facing private balcony which leads off a reception room and fully integrated kitchen, a contemporary bathroom, one generous size double bedroom with built in wardrobes and large windows.
The apartment features comfort cooling and underfloor heating.
The property is situated in the proximity of Old Street roundabout and within easy walking distance of the City, Hoxton Square, Shoreditch, Regents Canal and a wide selection of local restaurants.
Later this year a new Curzon cinema will open on Pitfield Street at the old Hoxton cinema.
Residents benefit from excellent travel connections with both tube and overground stations at Old Street and Hoxton providing easy access to locations across Central London.
Please note remedial works are planned at this building in 2026.
A letter of comfort is available confirming that no remediation costs will be passed onto qualifying leaseholders (as defined under the Building Safety Act 2022).
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.
Area
Agent & docs
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FAQ
About Flat 47 Spectrum Building, 120, East Road, London
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