2 Bed Flat, Single Let, EC1R 5HH, £625,000

Topham Street, London, EC1R 5HHR - 2 views - a year ago

Leasehold

BTL

ROI: 1%

~68 m²

+6 photos

ValuationUndervalued

Sold Prices	£370K - £5.3M
Sold Prices/m²	£8.7K/m² - £12.7K/m²

Square Metres	~68.11 m²
Price/m²	£9.2K/m²
Value Estimate	£689,129£689,129
BMV	10%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£156,250£156,250
Stamp Duty & Legal Fees	£51,200£51,200
Total Cash In	£207,450£207,450

Cash Out
Rent Range	£2,700 - £7,500£2,700 - £7,500
Rent Estimate	£2,706
Running Costs/mo	£2,514£2,514
Cashflow/mo	£192£192
Cashflow/yr	£2,300£2,300
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £370K to £5.3M, average is £706.5K. £8.7K/m² to £12.7K/m², average is £10.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£607.5K	09/21	0.04 mi	15, Rosebery Court, London, Greater London EC1R 5HP	-	-	2	Flat
£560K	08/23	0.04 mi	6, Rosebery Court, London, Greater London EC1R 5HP	£10,182	55	2	Flat
£708K	08/22	0.14 mi	11, Attneave Street, London, Greater London WC1X 0DT	£9,195	77	2	Flat
£1.1M	11/22	0.18 mi	9, Kingsway Place, London, Greater London EC1R 0LU	£8,959	117	2	Flat
£1.0M	04/23	0.18 mi	17, Kingsway Place, London, Greater London EC1R 0LU	£10,541	97	2	Flat
£374K	06/22	0.2 mi	Flat 154, Michael Cliffe House, Skinner Street, London, Greater London EC1R 0LN	-	-	2	Flat
£565K	04/22	0.21 mi	Flat 45, Charles Rowan House, Margery Street, London, Greater London WC1X 0EH	-	-	2	Flat
£490K	12/21	0.22 mi	Flat 25, Redman House, Portpool Lane, London, Greater London EC1N 7UA	-	-	2	Flat
£575K	06/21	0.22 mi	Flat 14, Earlom House, Margery Street, London, Greater London WC1X 0HX	-	-	2	Flat
£560K	02/21	0.22 mi	Flat 16, Spring House, Margery Street, London, Greater London WC1X 0HT	-	-	2	Flat
£680K	09/21	0.22 mi	Flat 17, Spring House, Margery Street, London, Greater London WC1X 0HT	-	-	2	Flat
£550K	12/23	0.22 mi	Flat 7, Spring House, Margery Street, London, Greater London WC1X 0HT	£8,730	63	2	Flat
£545K	08/23	0.24 mi	Flat 23, Gwynne House, Lloyd Baker Street, London, Greater London WC1X 9BG	-	-	2	Flat
£790K	03/21	0.24 mi	43a, Sekforde Street, London, Greater London EC1R 0HA	-	-	2	Flat
£730K	07/23	0.24 mi	21a, Sekforde Street, London, Greater London EC1R 0HL	-	-	2	Flat
£492K	08/23	0.24 mi	Flat 27, Greenaway House, Fernsbury Street, London, Greater London WC1X 0HZ	-	-	2	Flat
£540K	10/22	0.27 mi	Flat 77, Patrick Coman House, Skinner Street, London, Greater London EC1V 4NY	-	-	2	Flat
£830K	10/21	0.3 mi	39b, Wharton Street, London, Greater London WC1X 9PG	-	-	2	Flat
£596K	11/22	0.31 mi	Flat G, 165, Gray's Inn Road, London, Greater London WC1X 8UE	-	-	2	Flat
£370K	07/23	0.32 mi	Flat 13, Wyclif Court, Wyclif Street, London, Greater London EC1V 0EL	-	-	2	Flat
£515K	11/22	0.33 mi	Flat 52, Tompion House, Percival Street, London, Greater London EC1V 0HX	-	-	2	Flat
£420K	02/22	0.33 mi	Flat 3, Cranley Buildings, Brookes Market, London, Greater London EC1N 7SY	-	-	2	Flat
£1.4M	07/23	0.33 mi	8, Prideaux Place, London, Greater London WC1X 9PP	-	-	2	Flat
£515K	09/22	0.36 mi	Flat 32, Tunbridge House, St John Street, London, Greater London EC1R 4TT	-	-	2	Flat
£965K	10/22	0.37 mi	15a, Myddelton Square, London, Greater London EC1R 1YE	£12,697	76	2	Flat
£800K	09/23	0.38 mi	16a, Great Percy Street, London, Greater London WC1X 9QW	£10,811	74	2	Flat
£1.7M	10/23	0.38 mi	35, Great Percy Street, London, Greater London WC1X 9RD	-	-	2	Flat
£838K	03/21	0.39 mi	1c, Heathcote Street, London, Greater London WC1N 2AL	£10,883	77	2	Flat
£705K	08/23	0.41 mi	Flat 12, Holford House, Great Percy Street, London, Greater London WC1X 9EZ	-	-	2	Flat
£712.5K	05/21	0.41 mi	14, Cruikshank Street, London, Greater London WC1X 9HG	£9,628	74	2	Flat
£825K	08/22	0.43 mi	23a, Arlington Way, London, Greater London EC1R 1UY	-	-	2	Flat
£650K	03/23	0.43 mi	Flat 35, Moorgreen House, Wynyatt Street, London, Greater London EC1V 7JA	-	-	2	Flat
£960K	03/22	0.43 mi	Apartment 12, The Old School, Princeton Street, London, Greater London WC1R 4AY	-	-	2	Flat
£1.1M	11/22	0.43 mi	Apartment 8, The Old School, Princeton Street, London, Greater London WC1R 4AY	-	-	2	Flat
£580K	07/23	0.43 mi	Flat 45, Bevin Court, Cruikshank Street, London, Greater London WC1X 9HA	-	-	2	Flat
£1.4M	06/21	0.44 mi	24, Claremont Square, London, Greater London N1 9LX	-	-	2	Flat
£750K	08/22	0.44 mi	Flat 8, Three Cups Yard, Sandland Street, London, Greater London WC1R 4PZ	-	-	2	Flat
£1.0M	05/21	0.45 mi	Flat 9, Three Cups Yard, Sandland Street, London, Greater London WC1R 4PZ	-	-	2	Flat
£1.0M	05/21	0.46 mi	Flat 9, Three Cups Yard, Sandland Street, London, Greater London WC1R 4PZ	-	-	2	Flat
£745K	03/21	0.47 mi	Flat B, 22, Paget Street, London, Greater London EC1V 7PA	£12,016	62	2	Flat
£526K	12/20	0.48 mi	2, Claremont Close, London, Greater London N1 9LT	£9,393	56	2	Flat
£550K	09/22	0.5 mi	Flat 11, Derby Lodge, Britannia Street, London, Greater London WC1X 9BP	£10,118	54	2	Flat
£976K	09/22	0.54 mi	Flat 15, Downing Court, Grenville Street, London, Greater London WC1N 1LX	-	-	2	Flat
£940K	06/21	0.55 mi	190, Dance Square, London, Greater London EC1V 3AN	£11,899	79	2	Flat
£615K	07/23	0.55 mi	Flat A, Bevan House, Boswell Street, London, Greater London WC1N 3BT	-	-	2	Flat
£616K	03/21	0.56 mi	Flat 204, Crescent House, Golden Lane Estate, London, Greater London EC1Y 0SL	-	-	2	Flat
£5.3M	06/23	0.57 mi	Third Floor, 43, Charterhouse Square, London, Greater London EC1M 6EW	-	-	2	Flat
£735K	05/22	0.57 mi	Flat 47, Hatfield House, Golden Lane Estate, London, Greater London EC1Y 0SU	£10,352	71	2	Flat
£750K	03/23	0.58 mi	Flat 31, O'donnell Court, Brunswick Centre, London, Greater London WC1N 1AQ	-	-	2	Flat
£498K	06/23	0.58 mi	Flat 23, Northiam, Cromer Street, London, Greater London WC1H 8LB	-	-	2	Flat

Local Rents

51 rents from £2.7K/mo to £7.5K/mo, average is £4.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,900	03/24	0.01 mi	Topham Street, London, EC1R	2	Flat
£2,900	03/24	0.01 mi	Topham Street, London, EC1R	2	Flat
£2,817	04/24	0.03 mi	Farringdon Road, London, EC1R	2	Flat
£2,817	03/24	0.04 mi	Rosebery Court, Rosebery Avenue, EC1R	2	Flat
£2,700	12/24	0.04 mi	-	2	Flat
£3,450	03/24	0.04 mi	Farringdon Road, Clerkenwell	2	Flat
£4,700	10/24	0.08 mi	Flat , Dispatch House, Paragon Square, London	2	Flat
£2,700	03/24	0.08 mi	Warner Street, Clerkenwell	2	Flat
£3,500	10/24	0.09 mi	-	2	Flat
£4,400	10/24	0.11 mi	Opus House, London, WC1X	2	Flat
£4,800	10/24	0.11 mi	Mount Pleasant, London, WC1X	2	Flat
£4,550	10/24	0.11 mi	-	2	Flat
£3,800	02/24	0.12 mi	-	2	Flat
£5,000	10/24	0.13 mi	-	2	Flat
£4,950	12/24	0.13 mi	Summers Street, Farringdon	2	Flat
£2,817	03/24	0.13 mi	Exmouth Market, London, EC1R	2	Flat
£4,600	10/24	0.13 mi	Dorset House, Postmark, WC1X	2	Flat
£4,850	10/24	0.14 mi	-	2	Flat
£4,330	10/24	0.14 mi	-	2	Flat
£3,900	10/24	0.14 mi	Jubilee Walk, Postmark	2	Flat
£4,200	02/25	0.14 mi	-	2	Flat
£3,800	10/24	0.14 mi	Opus House, Postmark, 3 SALUTATION GARDENS, London, WC1X	2	Flat
£4,500	10/24	0.14 mi	-	2	Flat
£5,390	10/24	0.14 mi	Jubilee Walk, London, WC1X 0BF, UK	2	Flat
£2,750	05/24	0.14 mi	Vine Hill, London, EC1R	2	Flat
£4,333	10/24	0.14 mi	Dispatch House, Paragon Square, Clerkenwell, WC1X	2	Flat
£4,117	10/24	0.14 mi	Salutation Gardens, London, WC1X	2	Flat
£4,200	10/24	0.14 mi	Dispatch House, Paragon Square	2	Flat
£4,400	10/24	0.14 mi	Opus House, Salutation Gardens	2	Flat
£4,117	10/24	0.14 mi	Salutation Gardens, London, WC1X	2	Flat
£4,700	10/24	0.14 mi	Opus House, Postmark, London, WC1X	2	Flat
£4,333	10/24	0.14 mi	Postmark, Clerkenwell, WC1X	2	Flat
£4,333	10/24	0.14 mi	Postmark, Clerkenwell, WC1X	2	Flat
£4,200	10/24	0.14 mi	Dispatch, Farringdon, Paragon Square, London, WC1X	2	Flat
£5,500	04/24	0.14 mi	Summers Street, Clerkenwell, London, EC1R	2	Flat
£4,950	05/24	0.14 mi	Summers Street, Clerkenwell, London, EC1R	2	Flat
£3,000	04/24	0.15 mi	18-20 Laystall Street, Farringdon, London, EC1R	2	Flat
£4,333	10/24	0.15 mi	Opus House, Salutation Gardens, WC1X	2	Flat
£4,750	12/24	0.15 mi	-	2	Flat
£4,000	10/24	0.15 mi	-	2	Flat
£5,200	10/24	0.15 mi	-	2	Flat
£3,501	10/24	0.16 mi	Paragon Square, Farringdon, WC1X 0DN – 2 Bedrooms Flat	2	Flat
£4,500	04/25	0.16 mi	-	2	Flat
£3,000	12/24	0.16 mi	-	2	Flat
£7,500	02/24	0.16 mi	-	2	Flat
£7,500	02/24	0.16 mi	-	2	Flat
£4,750	10/24	0.16 mi	-	2	Flat
£3,800	10/24	0.16 mi	Paragon Square, London, WC1X	2	Flat
£5,000	05/24	0.16 mi	Herbal Hill Gardens, London, EC1R	2	Flat
£5,000	04/24	0.16 mi	-	2	Flat
£4,550	10/24	0.16 mi	-	2	Flat

Local Area Statistics

Population in EC1	27,08227,082
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.35 miles away0.35 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+16%+16%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-2%-2%

Property History

Listed for £625,000

February 28, 2024

Floor Plans

Description

Two bedrooms +
Two bathrooms +
Open plan living/kitchen +
Third floor +

An exceptionally well-presented two-bedroom apartment situated in the centre of Clerkenwell.

This third floor apartment comprises of a large lounge with open plan kitchen, a family bathroom and two good sized bedrooms.

Topham Street is located on a quiet street in the heart of Clerkenwell, close to Exmouth Market. Due to its strategic location it is within easy, reach of the City, Islington, the West End and St Pancras international. Farringdon mainline and underground station is a short walk away.

Agent Details

John D Wood & Co. Sales, Docklands & City

020 3856 4659

Next Steps?

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

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