2 Bed Flat, Single Let, London, N1 6RR, £375,000

Arden Estate, Hoxton, London, N1 6RR - 6 views - a year ago

Leasehold
BTL
ROI: 4%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£250K - £950K
Sold Prices/m²£6.7K/m² - £11.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.5K/m²

Value Estimate

£453,750
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£112,450

 

 

Cash Out

 

Rent Range

£1,800 - £3,700

Rent Estimate

£2,000

Running Costs/mo

£1,592

Cashflow/mo

£408

Cashflow/yr

£4,898

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £250K to £950K, average is £439.3K. £6.7K/m² to £11.7K/m², average is £7.9K/m².

PriceDateDistanceAddressBeds 
£445.5K02/230.08 miFlat 40, Geffrye Court, Geffrye Estate, London, Greater London N1 6RX2
£500K01/230.11 miFlat 27, Celia House, Arden Estate, London, Greater London N1 6RB2
£430K03/230.15 miFlat 17, Hathaway House, Myrtle Street, London, Greater London N1 6QE2
£500K11/200.22 miFlat 11, Fairchild House, Fanshaw Street, London, Greater London N1 6LH2
£405K10/210.24 miFlat 63, Royal Oak Court, Pitfield Street, London, Greater London N1 6EN2
£415K02/230.25 miFlat 38, Clinger Court, Hobbs Place Estate, London, Greater London N1 5JA2
£460K11/230.26 miFlat 80, Royal Oak Court, Pitfield Street, London, Greater London N1 6EP2
£472.9K06/240.27 miKempton House, Flat 19, Whitmore Estate, London, Greater London N1 5PE2
£375K10/200.28 miFlat 19, Finn House, Bevenden Street, London, Greater London N1 6BN2
£436K04/230.28 mi157, Haberdasher Street, London, Greater London N1 6EH2
£415K06/210.29 miFlat 317, Fellows Court, Weymouth Terrace, London, Greater London E2 8LA2
£550K03/210.31 mi126, Haberdasher Street, London, Greater London N1 6EJ2
£435K06/230.33 miFlat 57, Finn House, Bevenden Street, London, Greater London N1 6BL2
£500K01/230.33 mi32, Pitfield Street, London, Greater London N1 6EU2
£425K08/240.34 miWenlock Court, Flat 29, New North Road, London, Greater London N1 7QR2
£670K01/230.34 mi34, Baltic Place, London, Greater London N1 5AQ2
£420K12/200.36 miFlat 37, Charles Gardner Court, Haberdasher Street, London, Greater London N1 6DS2
£282K06/230.36 miFlat 55, Laburnum Court, Laburnum Street, London, Greater London E2 8BH2
£410K02/230.38 miFlat 58, Sivill House, Columbia Road, London, Greater London E2 7PJ2
£430K06/210.38 miFlat 73, Queensbridge Court, Queensbridge Road, London, Greater London E2 8PQ2
£406K04/210.39 miFlat 63, Sylvia Court, Cavendish Street, London, Greater London N1 7PG2
£950K01/210.39 mi61a, Rivington Street, London, Greater London EC2A 3QQ2
£438K06/210.39 miFlat 16, Kent Court, Kent Street, London, Greater London E2 8NU2
£450K06/210.41 miFlat 27, Shoreditch House, Charles Square, London, Greater London N1 6HL2
£460K04/210.41 miFlat 37, Shoreditch House, Charles Square, London, Greater London N1 6HL2
£790K03/230.42 miFlat 8, Marlow House, Calvert Avenue, London, Greater London E2 7JL2
£400K06/230.43 miFlat 86, Queensbridge Court, Queensbridge Road, London, Greater London E2 8PA2
£436K04/230.46 miFlat 15, Gowan House, Chambord Street, London, Greater London E2 7LR2
£450K09/210.47 miFlat 10, Strickland House, Chambord Street, London, Greater London E2 7LP2
£440K05/230.47 miFlat 7, Strickland House, Chambord Street, London, Greater London E2 7LP2
£550K02/230.49 miFlat 27, Walton House, Montclare Street, London, Greater London E2 7ET2
£471K02/210.5 miFlat 84, Shaftesbury Court, Shaftesbury Street, London, Greater London N1 7HN2
£600K03/230.5 miFlat 35, Abingdon House, Boundary Street, London, Greater London E2 7HJ2
£515K12/220.5 miFlat 89, Regents Court, Pownall Road, London, Greater London E8 4QB2
£595K07/230.51 miFlat 16, Walton House, Montclare Street, London, Greater London E2 7ET2
£560K06/210.51 miFlat 13, Laleham House, Camlet Street, London, Greater London E2 7HE2
£435K11/230.53 mi5, Balmes Road, London, Greater London N1 5EY2
£417.5K04/230.55 miFlat 2, Woolstone House, Whiston Road, London, Greater London E2 8RT2
£675K06/210.56 mi80, De Beauvoir Road, London, Greater London N1 5AT2
£430K06/210.57 miFlat 45, Alford Court, Shepherdess Walk, London, Greater London N1 7JW2
£468K12/220.58 miFlat 20, Alford Court, Shepherdess Walk, London, Greater London N1 7JW2
£427.5K07/220.58 miFlat 17, Victoria Chambers, Luke Street, London, Greater London EC2A 4EE2
£845K11/200.58 mi83a, Wellington Row, London, Greater London E2 7BN2
£720K03/230.59 mi235, New North Road, London, Greater London N1 7AT2
£250K02/210.59 miFlat 128, Regents Court, Pownall Road, London, Greater London E8 4QA2
£399.5K11/210.59 miFlat 119, Regents Court, Pownall Road, London, Greater London E8 4QA2
£390K03/230.61 miFlat 4, Downham Court, Downham Road, London, Greater London N1 3HG2
£458K07/230.63 mi98, Granby Street, London, Greater London E2 6DR2
£420K12/220.63 miFlat 57, Debenham Court, Pownall Road, London, Greater London E8 4PY2
£438.5K09/210.63 miFlat 12, Sebright House, Coate Street, London, Greater London E2 9AD2

Local Rents

50 rents from £1.8K/mo to £3.7K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,50002/240.02 mi-2
£2,60002/240.02 mi-2
£2,40012/240.02 mi-2
£2,30012/240.03 mi-2
£1,80012/240.03 miHoxton Street, N12
£2,14505/240.04 mi-2
£2,00001/250.04 mi-2
£2,30002/240.06 mi-2
£2,30002/240.06 mi-2
£2,30002/250.06 mi-2
£2,23105/240.07 miArden Estate, Hackney, London, N12
£2,23205/240.07 miArden Estate, Islington, N12
£1,94512/240.08 mi-2
£2,49203/240.09 mi161 - 165 Kingsland Road, E22
£2,35012/240.1 mi-2
£2,25012/240.1 mi-2
£2,16605/240.11 miCrondall Court, N12
£2,15003/240.11 miKingsland Road, Hoxton, London, E22
£2,20001/250.11 mi-2
£3,50004/250.14 mi-2
£2,64305/240.14 miCrondall Street, London, N12
£2,32504/250.15 mi-2
£2,81705/240.15 miCrondall Street, Hoxton, N12
£2,81705/240.15 miCrondall Street, Hoxton, N12
£2,75005/240.15 miCrondall Street, Hoxton, N12
£2,81605/240.15 miCrondall Street, Shoreditch, N12
£2,10012/240.15 mi-2
£2,00001/250.15 mi-2
£2,10002/250.15 mi-2
£2,10003/250.15 mi-2
£2,50004/250.15 mi-2
£2,81705/240.16 miCrondall Street, Hackney, N12
£2,81705/240.16 miThe Residence Hoxton, Islington, London, N12
£2,25003/250.16 mi-2
£3,25003/240.16 miCremer Street, Hoxton, London, E22
£3,50004/240.16 miCremer Street, Hoxton, London, E22
£2,50012/240.17 miHamond Square, N12
£3,50004/240.18 miKingsland Road, London, E22
£3,50004/240.18 miKingsland Road, London, E22
£2,70004/240.18 mi-2
£2,70003/240.18 miUnion Central Building, London, E22
£3,59005/240.18 miPitfield Street, London, N1 6TZ, UK2
£2,95012/240.18 miWalbrook Court, 2 Hemsworth Street, N12
£3,50012/240.18 mi-2
£3,25003/240.18 miKingsland Road, Hoxton, London, E22
£3,27003/240.18 mi-2
£3,27003/240.18 miKingsland Road, London, E22
£3,70004/250.18 mi-2
£2,32503/250.18 mi-2
£2,40002/250.19 mi-2

Local Area Statistics

Population in N1

89,893

Population in London

4,771,921

Town centre distance

1.17 miles away

Nearest school

0.20 miles away

Nearest train station

0.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

-6%

Property History

Listed for £375,000

February 2, 2024

Floor Plans

Description

  • 626 square feet +
  • Two double bedrooms, separate kitchen +
  • First floor with lift access and private balcony +
  • Resident's permit parking +
  • Close to amenities and transport +
  • Leasehold - 92 years +
  • Hoxton overground station 0.3 miles +
  • Old Street underground station 0.8 miles +

SUMMARY
A 626 square foot, first floor apartment in this purpose-built development. Comprising entrance hall, kitchen, living room, two double bedrooms and bathroom. The flat benefits from a private balcony off the sitting room.

DESCRIPTION
The property in the Arden Estate in Shoreditch N1 offers a good amount of living space and would suit all types of buyers.

A stone's throw from Hoxton Street, there are many shops, cafes, restaurants and bars to enjoy nearby. The property is also within easy reach of Old Street and Kingsland Road.

Shoreditch and Kingsland Parks are both close to the flat, as well as the Regent's Canal and De Beauvoir Town.

The flat is really well connected to London's transport network, with good bus routes nearby as well as close to Hoxton overground station (0.3 miles away) and underground services at Old Street (0.8 miles away)

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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