2 Bed Terraced House, Single Let, EC1N 7RE, £500,000

Leather Lane, Farringdon, London, EC1N 7RE - 6 views - 2 years ago

Leasehold
BTL
ROI: 5%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£544.4K - £3.8M
Sold Prices/m²£7.2K/m² - £29.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£7.3K/m²

Value Estimate

£620,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£28,700

Total Cash In

£153,700

 

 

Cash Out

 

Rent Range

£2,400 - £6,500

Rent Estimate

£2,767

Running Costs/mo

£2,136

Cashflow/mo

£631

Cashflow/yr

£7,573

ROI

5%

Gross Yield

7%

Local Sold Prices

51 sold prices from £544.4K to £3.8M, average is £1.2M. £7.2K/m² to £29.3K/m², average is £13.3K/m².

PriceDateDistanceAddressBeds 
£2.9M03/220.33 mi4, Kings Mews, London, Greater London WC1N 2HY2
£1.5M11/220.36 mi55, Mount Pleasant, London, Greater London WC1X 0AY2
£1.1M07/220.79 mi2, Ingle Mews, London, Greater London EC1R 1XG2
£1.2M06/220.96 mi10, Coombs Street, London, Greater London N1 8DJ2
£1.4M10/210.98 mi53, Roupell Street, London, Greater London SE1 8TB2
£1.1M05/210.98 mi26, Roupell Street, London, Greater London SE1 8TB2
£1.0M09/230.98 mi40, Roupell Street, London, Greater London SE1 8TB2
£3.0M06/210.99 mi18, Colebrooke Row, London, Greater London N1 8DB2
£1.3M01/230.99 mi30, Roupell Street, London, Greater London SE1 8TB2
£1.5M01/211.03 mi133, Graham Street, London, Greater London N1 8LB2
£925K09/211.16 mi28, Ufford Street, London, Greater London SE1 8QD2
£925K09/211.16 mi28, Ufford Street, London, Greater London SE1 8QD2
£890K03/211.17 mi18, Ufford Street, London, Greater London SE1 8QD2
£1.4M07/231.21 mi15, Allingham Street, London, Greater London N1 8NX2
£630.1K08/231.23 mi1b, Rheidol Terrace, London, Greater London N1 8NT2
£1.2M12/221.24 mi105a, Liverpool Road, London, Greater London N1 0RG2
£875K07/231.25 mi83, Treaty Street, London, Greater London N1 0TE2
£875K07/231.25 mi83, Treaty Street, London, Greater London N1 0TE2
£1.5M03/211.26 mi5, Chantry Street, London, Greater London N1 8NL2
£710K12/211.28 mi2, Elliotts Place, London, Greater London N1 8HX2
£900K12/201.29 mi6, Waterfront Mews, London, Greater London N1 7FE2
£1.6M03/211.32 mi129, Cloudesley Road, London, Greater London N1 0EN2
£3.8M08/221.37 mi7, Conway Street, London, Greater London W1T 6BL2
£737K10/221.38 mi37, Scovell Crescent, London, Greater London SE1 1PS2
£1.4M02/231.41 mi5, Coleman Fields, London, Greater London N1 7AG2
£890K12/231.42 mi1, Shrubbery Close, London, Greater London N1 7BZ2
£1.7M08/231.44 mi13, Rees Street, London, Greater London N1 7AR2
£1.3M07/211.44 mi8, Arlington Avenue, London, Greater London N1 7AX2
£1.7M03/211.44 mi28, Thornhill Road, London, Greater London N1 1HW2
£700K12/201.46 mi235, New North Road, London, Greater London N1 7AT2
£1.2M02/211.47 mi4, St Paul Street, Islington, London, Greater London N1 7AB2
£1.6M04/241.47 mi14, St Paul Street, Islington, London, Greater London N1 7AB2
£1.2M03/211.47 mi15, Rydon Street, London, Greater London N1 7AL2
£1.6M06/241.47 mi90, Prebend Street, London, Greater London N1 8PR2
£727K03/231.48 mi17, Mcauley Close, London, Greater London SE1 7BX2
£544.4K06/211.48 mi37, Popham Road, London, Greater London N1 8SJ2
£1.7M10/201.48 mi48, Ripplevale Grove, London, Greater London N1 1HT2
£2.5M11/221.5 mi1, Horsemongers Mews, London, Greater London SE1 4GG2
£1.3M11/211.51 mi36, Wilton Square, London, Greater London N1 3DW2
£1.2M04/231.51 mi36, Halton Road, London, Greater London N1 2EU2
£975K10/231.53 mi59, Baring Street, London, Greater London N1 3DS2
£1.6M04/231.54 mi26, Wilton Square, London, Greater London N1 3DL2
£1.1M04/231.55 mi56, Guy Street, London, Greater London SE1 3RF2
£1.3M10/231.56 mi26, Baring Street, London, Greater London N1 3DJ2
£3.6M07/221.58 mi20, Duchess Mews, London, Greater London W1G 9DT2
£1.3M01/211.59 mi53, Brooksby Street, London, Greater London N1 1EX2
£1.3M04/211.6 mi1, Barnsbury Square, London, Greater London N1 1JL2
£1.6M09/211.61 mi66, Brooksby Street, London, Greater London N1 1HA2
£600K01/241.65 mi34a, Offord Road, London, Greater London N1 1DL2
£920K06/231.66 mi35, Hayles Street, London, Greater London SE11 4SU2
£915K06/211.69 mi2, Barnsbury Park, London, Greater London N1 1HH2

Local Rents

51 rents from £2.4K/mo to £6.5K/mo, average is £3.5K/mo.

RentDateDistanceAddressBeds 
£3,60004/240.02 miVesage Court, 8a Leather Lane, London, EC1N2
£4,50005/240.12 miEquiano Court, London, EC1N2
£4,50012/240.12 mi-2
£3,57510/240.12 miGrays Inn Road, Bloomsbury, London, WC1X2
£3,22810/240.13 miHigh Holborn, Holborn, London, WC1V2
£2,95005/240.13 miFarringdon Road London EC1M2
£3,66210/240.13 mi-2
£3,03304/240.14 miFarringdon Road, London, EC1M2
£3,46703/240.14 miFarringdon Road, London, EC1M2
£2,99003/240.14 miCity View Apartments, 29A Saffron Hill, London, EC1N2
£3,75004/240.15 mi-2
£3,75003/240.15 miKinetic House, London, EC1N2
£2,81703/240.15 miSaffron Hill, Farringdon, London, EC1N2
£3,50005/240.15 miFarringdon Road, EC1M2
£3,00003/240.15 miHatton Garden, Farringdon2
£3,40004/250.15 mi-2
£2,85004/240.16 mi-2
£3,00002/250.16 mi-2
£3,46705/240.16 miHatton Garden, London, EC1N2
£2,99510/240.17 mi-2
£2,99910/240.17 mi-2
£2,75011/240.17 mi-2
£3,07704/240.17 miPrinters Inn Court, London, EC4A2
£3,00005/240.17 miHatton Garden, Farringdon2
£3,00005/240.17 miHatton Garden, London, EC1N2
£3,25002/250.17 mi-2
£3,25004/240.18 miHatton Wall, Clerkenwell, London, EC1N2
£2,99012/240.18 mi-2
£3,10010/240.19 mi-2
£3,01205/240.19 miFrewell House, Clerkenwell, London, EC1N2
£4,00003/240.19 miHatton Wall, EC1N2
£4,50003/240.19 miHatton Wall London EC1N2
£4,00004/240.19 miHatton Wall London EC1N2
£4,00004/240.2 miHatton Wall, London, EC1N2
£5,00003/240.2 mi60 66 Saffron Hill Clerkenwell EC1N2
£5,00004/240.2 mi60 66 Saffron Hill Clerkenwell EC1N2
£4,00004/240.21 miBreams Buildings, Holborn, EC4A 2
£3,50004/240.21 miBreams Buildings, Holborn, EC4A 2
£4,20003/240.21 miZiggurat Building, 60-66 Saffron Hill, London, EC1N2
£4,50004/240.21 miSaffron Hill, Clerkenwell, London, EC1N2
£4,20004/240.21 miBream's Buildings, London, EC4A2
£2,75012/240.21 mi-2
£2,75012/240.21 mi-2
£4,50003/240.22 miSt. Dunstans House, 133-137 Fetter Lane, Holborn, London, EC4A2
£3,65003/240.22 miClerkenwell, Clerkenwell, London, EC1M2
£2,40005/240.22 miThe Montgomery Building, Farringdon2
£4,98310/240.22 miWarwick Court, London, WC1R2
£4,98310/240.22 miWarwick Court, WC1R2
£3,40005/240.23 mi Britton Street, London, EC1M2
£4,98310/240.23 miWarwick Court London WC1R2
£6,50010/240.23 miChancery Lane, WC1R2

Local Area Statistics

Population in EC1

27,082

Nearest school

0.10 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Buyer's market

Capital growth (5yrs)

-2%

Property History

Listed for £500,000

July 10, 2023

Floor Plans

Description

  • Approx. 180 year lease +
  • Recently refurbished +
  • Two bedrooms and two bathrooms +
  • Excellent transport links +

SUMMARY
The property comprises of two bedrooms, two bathrooms, kitchen/reception room and balcony. The development benefits from a communal terrace and outside gym. Long lease with approx.180 year lease remaining.

DESCRIPTION
With your central London home close to Holborn and Farringdon and with easy access to the West End, Kingsway & Lincoln's Inn, you will be ideally placed to get around the area.

This is the perfect location from which to reach an outstanding range of shopping, entertainment and eateries, including world-renowned shopping areas such as Oxford Street and Bond Street, cinema, theatre and opera around Leicester Square, Drury Lane and Shaftsbury Avenue and the famous eateries of Covent Garden, Soho and Chinatown.

Bloomsbury to the North has been a fashionable part of London for over 250 years, and contains some of London's finest parks as well as being well known for numerous health-care institutions, including the BMA, GOSH, UCL and the National Hospital for Neurology and Neurosurgery.

This sought-after residential area is also home to the British Museum and British Library.

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Covent Garden

020 3871 6006

Next Steps?

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