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Snagging Survey in EC2N

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Property Surveyor in EC2N Bank Moorgate London
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City of London New Builds: Where Price Does Not Equal Quality

EC2N sits at the heart of the Square Mile - Moorgate, Bishopsgate, London Wall. The postcode is almost entirely commercial: 22 Bishopsgate (EC2N 4BQ), opened in 2020, is a 62-storey office tower with no residential. But the broader City of London corridor has seen a significant wave of residential completions in recent years. One Crown Place (EC2A, 246 apartments, 2021), Principal Tower (EC2A, 298 apartments, 2019), The Heron (EC2Y, 285 apartments, 2013), and One Bishopsgate Plaza (160 apartments, 2021) have brought high-specification glass and steel tower living to within walking distance of EC2N.

Our inspectors cover all City of London postcodes. At price points starting from £1.16 million for One Bishopsgate Plaza and £2.84 million for a unit at Principal Tower, the expectation of defect-free handover is reasonable. In practice, 94% of new-build buyers report defects within the first two years, regardless of price. MVHR commissioning failures, curtain wall draught infiltration, smart home systems left unconfigured, and finish quality on expensive specification interiors are the most common findings our inspectors document in City tower apartments.

Snagging survey inspection at City of London new build apartment

City of London Residential Market: Key Numbers

£968,386

-12% year-on-year

EC2 Average Price

4,914

City of London Households

Total residential households in the Square Mile (Census 2021)

700+

New Builds Delivered 2019-2021

Principal Tower, One Crown Place and One Bishopsgate Plaza alone

94%

Buyers Reporting Defects

Of new-build purchasers UK-wide within two years of completion (NHBC)

Major Residential Developments in the City of London Corridor

For buyers with EC2N addresses or looking at properties in the immediate City fringe, the key new-build developments to know about are concentrated in EC2A, EC2Y and EC2M rather than EC2N itself.

  • One Crown Place, EC2A (completed 2021): 246 private apartments across twin towers of 28 and 33 storeys, designed by KPF. Amenities include residents lounge, screening room, gym and roof terrace. Located off Old Broad Street on Crown Place/Sun Street.
  • Principal Tower, EC2A (completed 2019): 298 apartments across 50 storeys by Foster and Partners. Shared ownership units available. Pool, spa, gymnasium and concierge. Worship Street / Shoreditch High Street.
  • One Bishopsgate Plaza, EC2M/EC3A (completed 2021): 160 apartments on levels 21-41 of an Obayashi-built tower at 80 Houndsditch. First branded residences in the Square Mile. Prices from £1.16 million.
  • The Heron, EC2Y (completed 2013): 285 apartments across 36 storeys at 5 Moor Lane, sharing a podium with Guildhall School of Music and Drama. Studios to 3-bed units over 2,300 sq ft. Now over 10 years old but buyers in the resale market still benefit from a pre-purchase defect inspection.
  • Live/work conversions across EC2N and EC2M: Victorian and Edwardian commercial buildings converted to residential under Permitted Development Rights. These present a distinct set of defect risks - see below.
Inspector reviewing City of London high-rise apartment for defects

Live/Work Conversions in the City: A Different Defect Profile

EC2N and surrounding City postcodes contain a category of residential property unique to central London: former bank and exchange buildings, warehouses, and 1960s-1990s office blocks converted to residential use under Permitted Development Rights. More than 1,500 homes have been created this way across the City of London. PDR conversions are exempt from many planning conditions that apply to purpose-built residential, meaning minimum space standards and natural light requirements may not apply. Common issues include inadequate ventilation in rooms without external windows, poor fire compartmentation between former commercial floors, damp from altered drainage layouts, and structural damage from unauthorised removal of load-bearing walls. If you are buying a converted commercial property in EC2N, a RICS Level 3 Building Survey is more appropriate than a standard snagging check.

What Our Inspectors Check in City of London Tower Apartments

Modern glass-and-steel tower apartments in the City of London share a common set of defect categories that differ significantly from suburban new builds. Our inspectors know what to look for.

  • MVHR systems: Mechanical Ventilation with Heat Recovery units must be commissioned to the correct flow rates before handover. In EC2N and the City, outdoor pollution means filter installation is mandatory - inspectors check filters are fitted, intake grilles are unobstructed and the system is actually operational
  • Curtain wall glazing: full-height glazed facades introduce thermal bridge risk at frame joints and floor slab edges. Our inspectors check for draught infiltration, condensation between panes, and failed sealant at window-to-frame junctions
  • Smart home systems: premium City developments include Lutron lighting control, automated blinds and building management systems. These are frequently handed over unconfigured or with partial function. We test every controllable element
  • Finish quality against specification: at £1 million-plus price points, finish quality must match the sales specification. We check paint coverage, tiling alignment, skirting board fits, plasterboard jointing and all installed fixtures against the developer's specified products
  • Underfloor heating commissioning: common in high-specification City apartments, UFH must be balanced across zones. Incorrect settings cause cold spots and high energy bills from day one
  • Plumbing and drainage: waste pipe gradients, sealed bath and shower tray perimeters, water pressure at all outlets, and hot water temperature are all checked as standard

Pricing from HomeOwners Alliance / NBI 2024. London/South East surcharge of approximately £50 may apply. Re-inspection from £290.

Why a Snagging Inspection Matters at City Prices

Buyers sometimes assume that paying over £1 million for an apartment in the City of London means the property will be handed over in perfect condition. The evidence from our inspectors does not support this. Premium specification finishes require precise workmanship - and the complexity of MVHR systems, smart home technology, floor-to-ceiling glazing and underfloor heating in modern City towers gives more scope for installation error than a simple suburban house.

The cost of an inspection is a fraction of one legal fee on a transaction at this price point. Our inspectors typically find 50 to 150 defects on a new City apartment. The developer's obligation is to fix all of them within the defect liability period. Without a documented inspection, there is no systematic record of what was wrong at handover, making disputes harder to resolve.

Snagging report documentation for City of London property purchase

How to Book a Snagging Survey in EC2N and the City

1

Request a quote

Tell us your development name, unit number, floor and completion date. Our inspectors cover all City of London postcodes including EC2N, EC2A, EC2M, EC2Y and EC3.

2

We confirm your inspection window

We recommend inspecting before legal completion. At City prices, agreeing a formal pre-completion snagging list with your developer before you exchange is the most effective negotiating position.

3

Inspector attends your property

Our inspector arrives with the standard snagging checklist adapted for high-rise City apartments. We spend 2-4 hours at the property, testing every system, fitting, and communal space included in your purchase.

4

Report delivered within 24 hours

You receive a numbered, photographed defect list. The format is designed for submission to the developer's customer care team. Having a clear reference number for every defect removes ambiguity from the follow-up process.

5

Re-inspection available

Once your developer indicates defects are resolved, we can return to verify. Standard Plus packages include this second visit. For properties with complex smart home or HVAC systems, a re-inspection is particularly valuable.

Snagging Survey EC2N: Frequently Asked Questions

How much does a snagging survey cost in EC2N and the City of London?

For a 1-bed City apartment, a standard snagging survey costs from £340 to £390, with the higher end reflecting a typical £50 London surcharge that some providers charge. A 2-bed apartment costs from £360 to £410. Studio apartments start from around £320. Standard Plus packages - which include a second inspection visit after defects are supposedly fixed - cost from £549 for studios to £657 for 3-bed apartments. Re-inspection only visits start from £290.

Does EC2N have any residential properties?

EC2N is primarily a financial district. The vast majority of its land is occupied by commercial buildings including 22 Bishopsgate (offices, 62 storeys). There are a small number of residential units in EC2N - approximately 186 households in the EC2N 4AG sub-sector according to Census data, largely in live/work conversions. The main new-build residential developments in this part of London are in the adjacent postcodes EC2A, EC2Y and EC2M: One Crown Place (246 units, 2021), Principal Tower (298 units, 2019), The Heron (285 units, 2013) and One Bishopsgate Plaza (160 units, 2021).

What are MVHR systems and why do they fail in City apartments?

MVHR stands for Mechanical Ventilation with Heat Recovery. It is the ventilation system fitted to modern airtight apartments to provide fresh air while recovering heat from outgoing air. In the City of London, where outdoor pollution from traffic is consistently elevated, MVHR filters must be installed and the system commissioned before a buyer moves in. Our inspectors find MVHR systems that have never been switched on, filters not fitted, intake grilles blocked during construction and never cleared, and heat exchangers that have never operated. A non-functioning MVHR means inadequate ventilation, humidity buildup and potential condensation damage - problems that become significant within months of occupation.

Should I get a snagging survey for One Crown Place or Principal Tower?

Yes. Both developments are within the standard two-year NHBC Buildmark warranty period if you are buying from the developer. At One Crown Place (completed 2021) and Principal Tower (completed 2019), recent buyers are still within their defect liability period. Our inspectors have experience with high-specification City tower apartments - curtain wall glazing, MVHR, smart home systems, underfloor heating, and premium finish interiors - and will produce a detailed defect list for submission to the developer's customer care team.

What is different about snagging a City of London apartment versus a suburban new build?

City of London tower apartments involve more complex building systems than a typical suburban house or flat. Full-height glazed facades introduce thermal bridging risks absent from brick or blockwork construction. MVHR ventilation systems are mandatory in airtight high-rises and must be commissioned to the correct airflow rates. Smart home technology (Lutron, KNX, Crestron) is standard in premium developments and must be programmed and tested. The finish specification is also typically higher, meaning imperfections in joinery, tiling and plasterwork are more apparent and more expensive to repair. Our inspectors adapt their methodology to each property type.

Can your inspectors cover properties in EC2A, EC2Y and EC2M as well as EC2N?

Yes. Our inspectors cover all City of London postcodes - EC2N, EC2A, EC2M, EC2Y, EC1, EC3 and EC4. The main residential new-build developments in this area (One Crown Place, Principal Tower, The Heron, One Bishopsgate Plaza) are all within our coverage area. We do not charge differently based on which EC postcode your property falls in.

What issues should I look for in a converted commercial building in EC2N?

Commercial-to-residential conversions under Permitted Development Rights are a distinct category in the City of London. The main concerns are: rooms without natural light or adequate ventilation, which PDR conversions are exempt from planning conditions on; fire compartmentation between former commercial floors, which may not meet residential Building Regulations standards; damp from structural alterations that interrupted original drainage or waterproofing; structural damage from removed load-bearing walls; and poor acoustic performance between units in former office floors. For any converted commercial property in EC2N, we recommend a RICS Level 3 Building Survey rather than a standard snagging check, as the structural and regulatory issues go beyond a defect inspection's scope.

How many defects should I expect on a City of London new-build apartment?

Our inspectors typically find between 50 and 150 defects on a new City apartment. The number depends on the quality of the developer's own quality control process and the complexity of the building systems. Some developments with thorough pre-handover snagging by the developer may have fewer outstanding items, but even the best quality control processes miss things that an independent professional will catch. Every defect our inspectors document is the developer's obligation to fix under the NHBC Buildmark warranty during the two-year defect liability period.

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