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 work1-bedroom flat
For saleReduced £25k (−7.7%) on 30 SepListed 421 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered with no onward chain and low service charges.
One bedroom apartment with private balcony right next to Tower Bridge, St Katharine Docks and minutes from the centre of the City of London and underground, DLR and mainline stations.
Situated in a tranquil oasis in the heart of the City, within this unique development on the site of the Old Royal Mint. Located to the east of the Tower of London and north of St Katharine Docks.
Situated only minutes away from Tower Hill (Circle & District Line) and Tower Gateway (DLR) stations, and other excellent links to the City, Canary Wharf and the West End.
The surrounding area boasts plenty of local amenities, popular restaurants and bars. The famous St Katharine Docks is just a few minutes walk from the property.
The apartment is within convenient walking distance of The City, Fenchurch Street, London Bridge, Liverpool Street and the Elizabeth Line, Brick Lane, Spitalfields and Shorditch.
There is an active residents association that works tirelessly to make sure every penny paid in service charges are spent appropriately.
Communal areas in the car parks are used to grow herbs and there is a Nursery and Hairdressers on site, the rent from which goes onto the sink fund to help maintain the development.
The sink fund currently stands at well north of half a million and a program of renovation works is under way. Fully fitted kitchen with separate reception leading to a private balcony.
Double bedroom with full height fitted wardrobes offering double hanging and storage.
Stylish modern fitted bathroom takes advantage of a mains pressure hot water system to give you a powerful thermostatically controlled shower.
A spacious hallway not only provides additional storage and a utility cupboard with washing machine, but room for a desk to be able to work from home.
This incredibly popular development is Ideal for professionals, or as a city pied-a-terre, the property comes marketed with no onward chain! Lease information 127 years from 1987.
All prospective purchasers are advised to make their own enquiries via a solicitor.
Service charges We understand the service charge on the property is circa £1,700 per annum, with a peppercorn ground rent.
All prospective purchasers are advised to make their own enquiries via a solicitor.
60% Share Price: £300,000 (no contribution to rent) Eligibility: Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a leasehold property.
The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share.
The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 29 East Smithfield, London
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