Flat 408, 2 Principal Place, Worship Street, London, EC2A 2FB

HP Score
- Verdict: INVESTIGATE, on a scale of Buy, Investigate, Avoid.
Mixed signals - investigate
Verdict
Derived from HomePortfolio scores
Flat 408 earns an INVESTIGATE rating with HP Score 64/100. Investment score 67/100 reflects moderate fundamentals. Crime intensity is elevated. Walkability is excellent (99/100). Flood risk is not assessed: check the Environment Agency long-term flood map before offering. Tenure is leasehold. 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
- NoiseHigh
Planning Activity
- Pending26/07430/OBSThis development is proposed to be a phased development (phase 1: demolition, phase 2 construction) comprising: the demolition of the existing buildings, partial retention of the existing basement (including creation of a mezzanine) and onstruction of a new building for office use (Class E(g)), flexible office/community use (Class E(g)/F2), flexible cultural/event uses (Sui Generis) and flexible retail/service/food and beverage uses (Class E(a)-(c)); comprising a basement level, ground and 20 upper storeys plus roof plant level; creation of new public space and new pedestrian routes at ground level; hard and soft landscaping; pedestrian and vehicle access; blue badge car and cycle parking; ancillary servicing, plant and other back of house space; excavation to accommodate attenuation tank beneath existing basement slab, external alterations and demolition to the south elevation of the adjoining Porter Tun Room of the former Whitbread Brewery; associated highway works, enabling works and other works associated with the development. This application is accompanied by an Environmental Statement which is available for inspection with the planning application.
- Pending26/01549/MDCSubmission of details of Site Condition and Proposed Ground Levels Plan pursuant to condition 80 of Planning Permission 24/00836/FULEIA dated 28.10.2025.
- PendingP2026/2828/FULInstallation of rooftop plant in place of existing, PV panels and associated equipment and all other associated works. Construction of rooftop extension for clubroom and creation of terrace. Installation of new access to roof and works to lift overrun.
Ownership
- Corporate Ownership24.5%
- Overseas OwnershipNo
- Lease Term Remaining999+ yrs
- CovenantsNone
- Lease TypeLeasehold
- Last Ownership Change2019-12-20
- SourceLand Registry
Connectivity
Area Profile
Schools Nearby
- -Workers' Educational Association0.1 mi
- Inspected by ISIThe Lyceum0.2 mi
- Central Foundation Boys' School0.3 miArea grades2025
Inspected after Ofsted withdrew the single overall grade.
- Virginia Primary School0.3 mi
Inspected as Virginia Primary School (URN 100926) on 20 Oct 2021
1 of 6 nearby schools with published figures were oversubscribed in 2026 - demand, not a catchment.
Comparables
- 2 Principal Place-£990k-
- 2 Principal Place-£725k-
- 2 Principal Place-£640k-
- 2 Principal Place Worship Street-£1.25M-