2 Bed Flat, Single Let, EC1V 3PP, £640,000

Bastwick Street, Clerkenwell, London, EC1V 3PPV - 4 views - 7 months ago

Leasehold

BTL

~68 m²

+7 photos

ValuationUndervalued

Sold Prices	£370K - £5.3M
Sold Prices/m²	£8K/m² - £12K/m²

Square Metres	~68.11 m²
Price/m²	£9.4K/m²
Value Estimate	£705,093£705,093
BMV	10%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£160,000£160,000
Stamp Duty & Legal Fees	£39,900£39,900
Total Cash In	£199,900£199,900

Cash Out
Rent Range	£1,900 - £100,000£1,900 - £100,000
Rent Estimate	£2,494
Running Costs/mo	£2,519£2,519
Cashflow/mo	£-25£-25
Cashflow/yr	£-298£-298
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £370K to £5.3M, average is £740K. £8K/m² to £12K/m², average is £10.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£940K	06/21	0.05 mi	190, Dance Square, London, Greater London EC1V 3AN	£11,899	79	2	Flat
£543K	12/22	0.13 mi	Flat 18, Burnhill House, Norman Street, London, Greater London EC1V 3PQ	-	-	2	Flat
£735K	05/22	0.14 mi	Flat 47, Hatfield House, Golden Lane Estate, London, Greater London EC1Y 0SU	£10,352	71	2	Flat
£650K	04/23	0.17 mi	Flat 41, Basterfield House, Golden Lane Estate, London, Greater London EC1Y 0TR	-	-	2	Flat
£616K	03/21	0.18 mi	Flat 204, Crescent House, Golden Lane Estate, London, Greater London EC1Y 0SL	-	-	2	Flat
£660K	04/22	0.19 mi	Flat 27, Bayer House, Golden Lane Estate, London, Greater London EC1Y 0RN	-	-	2	Flat
£750K	03/21	0.2 mi	Flat 25, Bayer House, Golden Lane Estate, London, Greater London EC1Y 0RN	-	-	2	Flat
£513.5K	06/21	0.21 mi	Flat 15, Stanley Cohen House, Golden Lane Estate, London, Greater London EC1Y 0RL	-	-	2	Flat
£663K	10/20	0.23 mi	Flat 1, Bowater House, Golden Lane Estate, London, Greater London EC1Y 0RJ	-	-	2	Flat
£435K	04/21	0.24 mi	Flat 26, Rahere House, Central Street, London, Greater London EC1V 8DE	-	-	2	Flat
£515K	11/22	0.26 mi	Flat 52, Tompion House, Percival Street, London, Greater London EC1V 0HX	-	-	2	Flat
£490K	06/21	0.29 mi	Flat 25, Farriers House, Errol Street, London, Greater London EC1Y 8TB	-	-	2	Flat
£432.5K	11/20	0.29 mi	Flat 15, Newland Court, Old Street, London, Greater London EC1V 9NS	-	-	2	Flat
£370K	07/23	0.29 mi	Flat 13, Wyclif Court, Wyclif Street, London, Greater London EC1V 0EL	-	-	2	Flat
£415K	05/21	0.3 mi	Flat 40, Braithwaite House, Bunhill Row, London, Greater London EC1Y 8NE	-	-	2	Flat
£730K	07/23	0.32 mi	21a, Sekforde Street, London, Greater London EC1R 0HL	-	-	2	Flat
£1.3M	04/23	0.32 mi	Flat 519, Ben Jonson House, Barbican, London, Greater London EC2Y 8NH	-	-	2	Flat
£527.5K	05/23	0.32 mi	Flat 6, Shire House, Lambs Passage, London, Greater London EC1Y 8TE	-	-	2	Flat
£506K	10/22	0.32 mi	Flat 10, Shire House, Lambs Passage, London, Greater London EC1Y 8TE	-	-	2	Flat
£790K	03/21	0.32 mi	43a, Sekforde Street, London, Greater London EC1R 0HA	-	-	2	Flat
£5.3M	06/23	0.33 mi	Third Floor, 43, Charterhouse Square, London, Greater London EC1M 6EW	-	-	2	Flat
£540K	10/22	0.34 mi	Flat 77, Patrick Coman House, Skinner Street, London, Greater London EC1V 4NY	-	-	2	Flat
£650K	03/23	0.34 mi	Flat 35, Moorgreen House, Wynyatt Street, London, Greater London EC1V 7JA	-	-	2	Flat
£1.0M	11/22	0.35 mi	Flat 119, Defoe House, Barbican, London, Greater London EC2Y 8ND	-	-	2	Flat
£900K	11/21	0.36 mi	Flat 115, Defoe House, Barbican, London, Greater London EC2Y 8ND	-	-	2	Flat
£800K	10/21	0.36 mi	Flat 21, Defoe House, Barbican, London, Greater London EC2Y 8DN	-	-	2	Flat
£1.1M	11/22	0.38 mi	9, Kingsway Place, London, Greater London EC1R 0LU	£8,959	117	2	Flat
£1.0M	04/23	0.38 mi	17, Kingsway Place, London, Greater London EC1R 0LU	£10,541	97	2	Flat
£374K	06/22	0.38 mi	Flat 154, Michael Cliffe House, Skinner Street, London, Greater London EC1R 0LN	-	-	2	Flat
£850K	04/21	0.39 mi	65, Graham Street, London, Greater London N1 8LA	£8,017	106	2	Flat
£515K	09/22	0.4 mi	Flat 32, Tunbridge House, St John Street, London, Greater London EC1R 4TT	-	-	2	Flat
£745K	03/21	0.41 mi	Flat B, 22, Paget Street, London, Greater London EC1V 7PA	£12,016	62	2	Flat
£875K	06/23	0.42 mi	Flat 90, Thomas More House, Barbican, London, Greater London EC2Y 8BU	-	-	2	Flat
£1.1M	01/21	0.42 mi	Flat 6, Thomas More House, Barbican, London, Greater London EC2Y 8BT	-	-	2	Flat
£1.1M	10/22	0.42 mi	Flat 4, Thomas More House, Barbican, London, Greater London EC2Y 8BT	-	-	2	Flat
£875K	07/23	0.42 mi	Flat 14, Thomas More House, Barbican, London, Greater London EC2Y 8BT	-	-	2	Flat
£880K	09/22	0.42 mi	Flat 152, Thomas More House, Barbican, London, Greater London EC2Y 8BU	-	-	2	Flat
£560K	07/23	0.43 mi	Flat 11, Langdon Court, City Road, London, Greater London EC1V 1LH	-	-	2	Flat
£1.3M	06/21	0.44 mi	Flat 502, Gilbert House, Barbican, London, Greater London EC2Y 8BD	-	-	2	Flat
£468K	12/22	0.45 mi	Flat 20, Alford Court, Shepherdess Walk, London, Greater London N1 7JW	-	-	2	Flat
£830K	03/21	0.46 mi	Flat 101, Speed House, Barbican, London, Greater London EC2Y 8AU	-	-	2	Flat
£890K	07/23	0.46 mi	Flat 65, Speed House, Barbican, London, Greater London EC2Y 8AU	-	-	2	Flat
£995K	10/22	0.46 mi	Flat 109, Speed House, Barbican, London, Greater London EC2Y 8AU	-	-	2	Flat
£430K	06/21	0.46 mi	Flat 45, Alford Court, Shepherdess Walk, London, Greater London N1 7JW	-	-	2	Flat
£525K	11/20	0.48 mi	68, Theseus Walk, London, Greater London N1 8DS	-	-	2	Flat
£550K	12/20	0.49 mi	33, Elia Street, London, Greater London N1 8DF	£9,483	58	2	Flat
£835K	06/21	0.5 mi	Flat 52, Andrewes House, Barbican, London, Greater London EC2Y 8AX	-	-	2	Flat
£780K	06/21	0.5 mi	Flat 176, Andrewes House, Barbican, London, Greater London EC2Y 8BA	-	-	2	Flat
£925K	10/22	0.5 mi	Flat 126, Andrewes House, Barbican, London, Greater London EC2Y 8AY	-	-	2	Flat
£825K	08/22	0.51 mi	23a, Arlington Way, London, Greater London EC1R 1UY	-	-	2	Flat

Local Rents

52 rents from £1.9K/mo to £100K/mo, average is £3K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,150	04/24	0.01 mi	Bastwick Street London EC1V	2	Flat
£2,817	03/24	0.01 mi	Paton Street, EC1V	2	Flat
£4,500	03/24	0.01 mi	Pear Tree Street, EC1V	2	Flat
£100,000	03/24	0.02 mi	60 Pear Tree Street, London	2	Flat
£4,199	04/24	0.02 mi	Pear Tree Street, EC1V	2	Flat
£3,950	03/24	0.02 mi	Gee Street, Islington, EC1V	2	Flat
£3,950	03/24	0.02 mi	Gee Street, Clerkenwell	2	Flat
£2,950	03/24	0.02 mi	Pear Tree Street, Clerkenwell, EC1V	2	Flat
£4,198	05/24	0.02 mi	Pear Tree Street, Clerkenwell	2	Flat
£3,575	03/24	0.03 mi	Gee Street, Clerkenwell, London, EC1V	2	Flat
£2,947	03/24	0.05 mi	Orchard Building, Pear Street, Clerkenwell, London, EC1V	2	Flat
£2,947	03/24	0.05 mi	Orchard Building, Pear Street, Clerkenwell, London, EC1V	2	Flat
£2,100	03/24	0.05 mi	Cotswold Court, Gee Street, Clerkenwell, EC1V	2	Flat
£3,500	03/24	0.05 mi	Pear Tree Street London EC1V	2	Flat
£3,990	03/24	0.05 mi	Pear Tree Street, London, EC1V 3AG, UK	2	Flat
£2,700	02/25	0.05 mi	-	2	Flat
£3,500	12/24	0.05 mi	-	2	Flat
£3,000	04/24	0.06 mi	Dance Square, London, EC1V	2	Flat
£3,293	05/24	0.06 mi	Dance Square, Clerkenwell	2	Flat
£3,293	04/24	0.06 mi	Dance Square, London, EC1V	2	Flat
£3,300	03/24	0.06 mi	Dance Square, London, EC1V	2	Flat
£3,270	04/24	0.06 mi	Dance Square, London, EC1V	2	Flat
£3,270	05/24	0.06 mi	-	2	Flat
£2,250	04/25	0.06 mi	-	2	Flat
£2,300	03/25	0.07 mi	-	2	Flat
£3,575	03/24	0.07 mi	Gee Street, Clerkenwell	2	Flat
£3,575	04/24	0.08 mi	The Rooftops, Clerkenwell, London, EC1V	2	Flat
£3,000	03/24	0.09 mi	-	2	Flat
£2,800	04/24	0.09 mi	Old Street, Clerkenwell	2	Flat
£2,500	03/24	0.09 mi	Goswell Road, London, EC1V	2	Flat
£2,492	05/24	0.09 mi	Goswell Road, London, EC1V	2	Flat
£2,492	06/24	0.09 mi	-	2	Flat
£2,492	06/24	0.09 mi	-	2	Flat
£2,492	06/24	0.09 mi	-	2	Flat
£3,500	05/24	0.09 mi	Seward Street, Clerkenwell, London	2	Flat
£1,900	04/24	0.09 mi	Old Street, Clerkenwell	2	Flat
£4,200	12/24	0.1 mi	-	2	Flat
£2,750	03/24	0.1 mi	Seward Street, Clerkenwell, London, EC1V	2	Flat
£2,700	02/24	0.1 mi	-	2	Flat
£2,700	04/24	0.1 mi	Seward Street, Clerkenwell	2	Flat
£4,460	03/24	0.1 mi	Seward Street, London, EC1V 3PA, UK	2	Flat
£2,600	03/24	0.1 mi	Clerkenwell, EC1V	2	Flat
£2,600	12/24	0.1 mi	Goswell Road, Finsbury, London, EC1V	2	Flat
£3,000	03/25	0.1 mi	-	2	Flat
£3,100	04/24	0.1 mi	77 Goswell Road, Clerkenwell, London, EC1V	2	Flat
£2,851	03/24	0.1 mi	Seward Street, EC1V	2	Flat
£2,800	05/24	0.1 mi	-	2	Flat
£2,750	03/24	0.1 mi	-	2	Flat
£2,700	04/24	0.1 mi	-	2	Flat
£3,000	03/24	0.11 mi	The Courtyard, 154 Goswell Road, EC1V	2	Flat
£3,500	03/24	0.11 mi	Old Street, London, EC1V 9AN, UK	2	Flat
£4,000	04/24	0.11 mi	Old Street, Hoxton, EC1V	2	Flat

Local Area Statistics

Population in EC1	27,08227,082
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.34 miles away0.34 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 £640,000

August 27, 2024

Floor Plans

Description

Two bedrooms +
Two bathrooms +
Open plan living +
Private balcony +
Prime Clerkenwell location +
Chain free +
First floor with lift access +
Bicycle storage +

Recently named as the best place to live in London, this spacious two-bedroom apartment in cutting-edge Clerkenwell boasts distinct industrial flair on a quiet street renowned for its enterprising young professionals.

The open-plan kitchen and reception is joyously spacious, deploying fresh white walls and gleaming wood floors to magnify the vast natural light let in by floor-to-ceiling industrial windows. The kitchen cabinetry is playfully asymmetrical, offering a light-hearted nod to the ingenuity and creativity of the surrounding area. There is further access here to a private balcony. Each of the double bedrooms benefit from the same magnificent industrial windows. The principal bedroom is bright, clean, and spacious with en-suite shower room. The second bedroom comes replete with masses of storage.

Tenure: Leasehold (104yrs remaining)
Service Charge: £1,451.18 pa
Ground Rent: £250.00 pa

Agent Details

CORE Residential, London

020 3840 3556

Next Steps?

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