Flat F, The Old Lofts, 11 Memel Street, London, EC1Y 0UT

HP Score
- Verdict: INVESTIGATE, on a scale of Buy, Investigate, Avoid.
Strong fundamentals; flood risk not assessed
Verdict
Derived from HomePortfolio scores
Flat F earns an INVESTIGATE rating with HP Score 77/100. Investment score 71/100 reflects strong fundamentals. Crime intensity is moderate. Walkability is excellent (99/100). Flood risk is not assessed: check the Environment Agency long-term flood map before offering. Every figure here comes from the live HomePortfolio API; anything it does not publish is left out.
Valuation & Market
Risk Overview
- Flood RiskUnknown
- SubsidenceSignificant
- RadonLow
- MiningUnknown
- LandslideLow
- Air QualityLow
- NoiseModerate
Planning Activity
- PendingP2026/2808/S73Section 73 application (Minor Material Amendment) to vary conditions 2 (approved drawings) and 17 (landscaping details) of Planning Permission ref: P2024/3089/FUL dated 10/04/2025 for ‘Refurbishment of existing office (Use Class E) building including relocation and replacement roof plant, replacement of stair enclosure and lift core, creation of a roof terrace, revision to the facade, ground, first, second and third floor infill extensions to the rear, creation of external terrace and plant enclosure at rear first floor, ground floor infill extension to under croft, enclosure of ground floor courtyard and associated works.’ Amendments seek updated front elevation to accommodate the relocated UKPN Substation entrance (from basement to ground floor); insertion of smoke shaft from basement to roof level; installation of extract grille at fourth floor level; layout amendments to improve services, circulation, and the means of escape during a fire; removal of 1 (no.) accessible cycle parking space from ground floor level due to fire safety requirements; increase in number of long stay cycle parking spaces at lower ground floor level from 38 (no.) spaces to 45 (no.) spaces; omission of combined attenuation and rainwater harvesting tank in basement due to structural demolition risks and submission of landscaping details and amendment of Condition 17 (Landscaping) wording to a compliance condition in accordance with the landscaping proposals.
- Pending26/01508/NMANon-Material Amendment under Section 96a of the Town and Country Planning Act (1990) (as amended) to planning permission Ref. 25/00917/FULL dated 24 February 2026 to amend condition 22 (TfL Infrastructure) to enable a phased discharge of the condition.
- Pending26/01512/MDCSubmission of wind mitigation details pursuant to condition 20 of planning permission 24/00209/FULMAJ dated 14.10.2025.
Ownership
- Corporate Ownership23%
- Overseas OwnershipNo
- Lease Term Remaining-
- CovenantsNone
- Lease Type-
- Last Ownership Change-
- SourceLand Registry
Connectivity
Area Profile
Schools Nearby
- Inspected by ISIDallington School0.1 mi
- St Peter and St Paul Catholic Primary School0.1 miGood
- City of London Primary Academy, Islington0.1 miOutstanding
- Inspected by ISICharterhouse Square School0.3 mi
3 of 8 nearby schools with published figures were oversubscribed in 2026 - demand, not a catchment.
Comparables
- 1 - 9 Memel Street-£15.80M-