3 Bed Flat, Single Let, EC1Y 8JU, £2,300,000

Banner Buildings, Banner Street, EC1Y 8JUY - 5 views - 2 years ago

BTL
~228 m²
+21 photos

ValuationOvervalued

Sold Prices£379K - £2.1M
Sold Prices/m²£5.5K/m² - £13.9K/m²

 

 

Square Metres

~228 m²
Price/m²£10.1K/m²

Value Estimate

£1,890,638

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£575,000

Stamp Duty & Legal Fees

£257,450

Total Cash In

£832,450

 

 

Cash Out

 

Rent Range

£1,550 - £8,333

Rent Estimate

£2,600

Running Costs/mo

£7,728

Cashflow/mo

£-5,127

Cashflow/yr

£-61,530

Gross Yield

1%

Local Sold Prices

50 sold prices from £379K to £2.1M, average is £722.5K. £5.5K/m² to £13.9K/m², average is £7.2K/m².

PriceDateDistanceAddressBeds 
£750K07/220.07 miFlat 25, Quaker Court, Banner Street, London, Greater London EC1Y 8QA3
£585K06/220.08 miFlat 58, Quaker Court, Banner Street, London, Greater London EC1Y 8QB3
£510K11/220.12 miFlat 2, Amias House, Central Street, London, Greater London EC1V 8AA3
£640K09/210.12 miFlat 8, Quaker Court, Banner Street, London, Greater London EC1Y 8QA3
£700K11/210.13 miFlat 18, Basterfield House, Golden Lane Estate, London, Greater London EC1Y 0TN3
£1.2M10/220.23 miFlat 91, Cromwell Tower, Barbican, London, Greater London EC2Y 8DD3
£1.6M06/210.24 miFlat 342, Cromwell Tower, Barbican, London, Greater London EC2Y 8NB3
£1.8M05/230.24 miFlat 312, Cromwell Tower, Barbican, London, Greater London EC2Y 8NB3
£1.6M11/200.24 mi824, Frobisher Crescent, London, Greater London EC2Y 8HD3
£1.5M06/210.26 miFlat 302, Shakespeare Tower, Barbican, London, Greater London EC2Y 8NJ3
£1.6M10/220.26 miFlat 11, Shakespeare Tower, Barbican, London, Greater London EC2Y 8DR3
£1.6M02/230.26 miFlat 362, Shakespeare Tower, Barbican, London, Greater London EC2Y 8NJ3
£1.6M11/200.26 miFlat 141, Shakespeare Tower, Barbican, London, Greater London EC2Y 8DR3
£1.3M04/210.26 miFlat 41, Shakespeare Tower, Barbican, London, Greater London EC2Y 8DR3
£1.5M07/230.29 miFlat 5, Defoe House, Barbican, London, Greater London EC2Y 8DN3
£1.6M05/210.31 miFlat 271, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY3
£2.1M09/210.31 miFlat 263, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY3
£1.6M08/220.31 miFlat 111, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY3
£2.0M09/210.31 miFlat 233, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY3
£1.6M06/230.31 miFlat 142, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY3
£1.3M04/210.32 miFlat 1, Speed House, Barbican, London, Greater London EC2Y 8AT3
£585K11/200.36 miFlat 4, Tompion House, Percival Street, London, Greater London EC1V 0HU3
£457.5K11/200.37 miFlat 81, Turnpike House, Goswell Road, London, Greater London EC1V 7PD3
£560K12/220.4 miFlat 5, Partridge Court, Malta Street, London, Greater London EC1V 0AD3
£660K04/230.42 miFlat 32, Grimthorpe House, Percival Street, London, Greater London EC1V 0BS3
£1.0M02/230.45 miFlat 30, Spenlow Apartments, Wenlock Road, London, Greater London N1 7GH3
£630K06/210.49 miFlat 23, Midway House, Manningford Close, London, Greater London EC1V 7HP3
£475K09/210.5 miFlat 19, Linale House, Murray Grove, London, Greater London N1 7QH3
£970K10/220.52 mi45b, Skinner Street, London, Greater London EC1R 0HR3
£581K11/220.52 miFlat 27, Midway House, Manningford Close, London, Greater London EC1V 7HP3
£379K02/230.54 miFlat 83, Bletchley Court, Wenlock Street, London, Greater London N1 7NY3
£410K03/210.55 miFlat 31, Finn House, Bevenden Street, London, Greater London N1 6BN3
£482K03/230.59 miFlat 2, Evelyn Court, Evelyn Walk, London, Greater London N1 7PJ3
£500K06/210.7 mi21, Myrtle Walk, London, Greater London N1 6QF3
£980K06/220.74 miBasement And Ground Floor Flat, 16, Myddelton Square, London, Greater London EC1R 1YE3
£526.5K11/200.8 mi14, Purcell Street, London, Greater London N1 6RD3
£810K12/220.81 miFlat 18, Redman House, Portpool Lane, London, Greater London EC1N 7UA3
£1.8M10/230.82 miUpper Maisonette, 46, Duncan Terrace, London, Greater London N1 8AL3
£569.3K03/230.83 mi15, Claremont Close, London, Greater London N1 9LT3
£605K05/210.84 miFlat 9, Datchet House, Virginia Road, London, Greater London E2 7ND3
£562.5K02/210.85 miFlat 4, Wingfield House, Virginia Road, London, Greater London E2 7LZ3
£1.3M11/210.87 mi11a, Whites Row, London, Greater London E1 7NF3
£560K01/210.88 mi19, Pelter Street, London, Greater London E2 7PE3
£450K03/210.89 miFlat 48, Hemsworth Court, Hobbs Place Estate, London, Greater London N1 5LD3
£495K11/230.89 miFlat 8, John Parry Court, Hare Walk, London, Greater London N1 6RN3
£1.0M09/230.91 mi20, Cruikshank Street, London, Greater London WC1X 9HF3
£485K06/210.92 mi55, Old Market Square, London, Greater London E2 7PQ3
£745K06/210.93 mi69a, Chapel Market, London, Greater London N1 9ER3
£475K11/230.93 mi24b, Bromfield Street, London, Greater London N1 0PZ3
£472.5K04/210.96 mi7, Tomlinson Close, London, Greater London E2 7LJ3

Local Rents

50 rents from £1.6K/mo to £8.3K/mo, average is £4.3K/mo.

RentDateDistanceAddressBeds 
£4,50004/240.04 miGarrett Street, London, EC1Y3
£2,25003/240.08 miBanner Street, London3
£2,25004/240.08 miBanner Street, London3
£4,25002/250.08 mi-3
£3,20002/250.08 mi-3
£3,00002/240.11 mi-3
£5,00003/240.12 mi43 Golden Lane, Barbican, London3
£5,10003/240.16 miCentral Street, Clerkenwell, EC1V3
£1,55002/250.16 mi-3
£3,74805/240.18 miLamb's Passage, Moorgate3
£5,00012/240.22 miMallow Street, London, EC1Y3
£4,11703/240.22 miMallow Street, London, EC1Y3
£5,00003/240.23 miMallow Street, EC1Y3
£3,30003/240.23 mi-3
£3,85012/240.23 mi-3
£4,50003/240.25 miCentral Street, Islington3
£3,00005/240.25 miPaterson Court, Peerless Street, Clerkenwell, London, EC1V3
£4,30012/240.25 mi-3
£4,20002/250.25 mi-3
£4,50003/240.26 miCentral Street Londom EC1V3
£7,79004/240.26 miCity Road, London, EC1Y 2AN, UK3
£4,76703/240.26 miOld Street, Old Street, London, EC1V3
£5,50005/240.26 miChronicle Tower,City Road, London3
£3,87503/240.29 miGreat Sutton Street, London, EC1V3
£3,87503/240.29 miGreat Sutton Street, Clerkenwell London EC1V3
£3,87803/240.29 miGreat Sutton Street , Clerkenwell / Farringdon EC1V3
£3,87503/240.29 miGreat Sutton Street, London, EC1V3
£4,10004/250.29 mi-3
£3,30005/240.3 mi-3
£8,33304/250.31 mi-3
£5,99503/240.31 miMoor Lane, London, EC2Y3
£6,06705/240.31 miThe Heron, 5 Moor Lane, EC2Y3
£5,99503/240.31 miMoor Lane, London, EC2Y3
£4,67602/240.31 mi-3
£4,49803/240.31 miBarbican, Cromwell Tower3
£5,99703/240.31 miMoor Lane, City of London3
£5,75005/240.32 mi5 Moor Lane, London, EC2Y3
£5,20010/230.33 miValencia Tower, 250 City Road, London, EC1V3
£5,00003/240.33 miValencia Tower, Bollinder Place, EC1V3
£7,34504/240.33 miCity Road London EC1V3
£3,00003/240.33 miHarold Laski House, Percival Street, London3
£5,50003/240.35 miDickinson Court, 15 Brewhouse Yard, EC1V3
£5,85004/240.35 miThe Heron, 5 Moor Lane, EC2Y3
£5,20012/240.35 mi-3
£2,70003/250.36 mi-3
£3,50004/250.36 mi-3
£2,60004/240.36 miGoswell Road, London, EC1V3
£3,50012/240.36 mi-3
£3,50003/240.36 miZeus House,Provost Street,London,N1 7NG3
£3,46204/240.37 miRahere House, Central Street, London, EC1V3

Local Area Statistics

Population in EC1

27,082

Nearest school

0.10 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Buyer's market

Capital growth (5yrs)

-2%

Property History

Listed for £2,300,000

August 1, 2023

Floor Plans

Description

  • Former motorcycle factory +
  • Share of freehold +
  • Vast entertaining space +
  • Private outside space +
  • Three double bedrooms +
  • Outstanding transport links +
  • Service Charge: £3800 per year +
  • Council Tax Band - G +

A rare opportunity to purchase over 2300 sq/ft of lateral living space in The Banner Building, a former motorcycle and bicycle factory and now one of East London’s most iconic industrial conversions.

Entering this split-level apartment, you are immediately wowed by the vast 50 ft living room and kitchen area. There is a huge amount of bespoke storage, generous ceiling heights, wooden floors and exposed brickwork that you would expect to find in this type of period building.

The stylish kitchen is set at the back of the apartment and benefits from a separate utility room with WC. An added bonus is the conservatory office room that leads onto a private courtyard area. The upper floor is connected via an industrial style spiral staircase in an open atrium section that extends approx 30 feet high. The upper level disposes of three large double bedrooms, two of which benefit from en-suite bathrooms.

The apartment is ideally situated between Old Street and Clerkenwell on a quiet one-way street. Nearby Whitecross Street is home to an excellent street food market and there is the added convenience of a Waitrose supermarket a few minutes’ walk away at the Barbican. The Barbican is also home to a world-class cultural programme of cinema, music, theatre and exhibitions.

Clerkenwell is renowned for the quality and variety of its bars and restaurants, including St. John, Luca and Brotto. Exmouth Market is a short walk away, and St Paul’s, Smithfield’s and the City are within easy reach to the south.

The public transport links are outstanding, with serval underground tube stations nearby, most notably Farringdon Station which is now one of London’s most important transport hubs with the recent opening of the Elizabeth Line.

Agent Details

Urban Spaces, Loft Living & Unique Properties

020 3910 0873

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪