Many clients ask me about warehouse conversions in the Docklands and City areas. Steam Mills in Fairclough Street, E1 is a great example. Developed originally around 17 years, the apartments have exposed brick inside and a real warehouse feel.

Horrible photos aside, this example looks like decent value for money in today's market place,

Steam Mills, E1

I would say the rental value here is £620 per week and so that would translate into a gross rental yield of 5.45%. You then would need to deduct letting fees and management service charges.

Please feel free to contact me for totally impartial advice on any property you may be looking at.

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