2 Bed Flat, Single Let, EC1V 1AJ, £800,000

City Road, London, EC1V 1AJV - 2 views - 6 months ago

Leasehold

BTL

ROI: 1%

~87 m²

+9 photos

ValuationUndervalued

Sold Prices	£370K - £2.0M
Sold Prices/m²	£7.2K/m² - £15.4K/m²

Square Metres	~86.77 m²
Price/m²	£9.2K/m²
Value Estimate	£898,253£898,253
BMV	12%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£200,000£200,000
Stamp Duty & Legal Fees	£68,700£68,700
Total Cash In	£268,700£268,700

Cash Out
Rent Range	£3,300 - £4,600£3,300 - £4,600
Rent Estimate	£3,467
Running Costs/mo	£3,213£3,213
Cashflow/mo	£254£254
Cashflow/yr	£3,043£3,043
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £370K to £2.0M, average is £555K. £7.2K/m² to £15.4K/m², average is £10.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£850K	04/21	0.08 mi	65, Graham Street, London, Greater London N1 8LA	£8,017	106	2	Flat
£435K	04/21	0.09 mi	Flat 26, Rahere House, Central Street, London, Greater London EC1V 8DE	-	-	2	Flat
£525K	11/20	0.18 mi	68, Theseus Walk, London, Greater London N1 8DS	-	-	2	Flat
£560K	07/23	0.19 mi	Flat 11, Langdon Court, City Road, London, Greater London EC1V 1LH	-	-	2	Flat
£468K	12/22	0.2 mi	Flat 20, Alford Court, Shepherdess Walk, London, Greater London N1 7JW	-	-	2	Flat
£430K	06/21	0.21 mi	Flat 45, Alford Court, Shepherdess Walk, London, Greater London N1 7JW	-	-	2	Flat
£550K	12/20	0.24 mi	33, Elia Street, London, Greater London N1 8DF	£9,483	58	2	Flat
£543K	12/22	0.24 mi	Flat 18, Burnhill House, Norman Street, London, Greater London EC1V 3PQ	-	-	2	Flat
£650K	03/23	0.26 mi	Flat 35, Moorgreen House, Wynyatt Street, London, Greater London EC1V 7JA	-	-	2	Flat
£745K	03/21	0.27 mi	Flat B, 22, Paget Street, London, Greater London EC1V 7PA	£12,016	62	2	Flat
£940K	06/21	0.27 mi	190, Dance Square, London, Greater London EC1V 3AN	£11,899	79	2	Flat
£471K	02/21	0.31 mi	Flat 84, Shaftesbury Court, Shaftesbury Street, London, Greater London N1 7HN	-	-	2	Flat
£795K	02/21	0.31 mi	73b, St Peters Street, London, Greater London N1 8JR	£10,743	74	2	Flat
£1.2M	06/21	0.32 mi	20, Gerrard Road, London, Greater London N1 8AY	-	-	2	Flat
£515K	09/22	0.35 mi	Flat 32, Tunbridge House, St John Street, London, Greater London EC1R 4TT	-	-	2	Flat
£370K	07/23	0.36 mi	Flat 13, Wyclif Court, Wyclif Street, London, Greater London EC1V 0EL	-	-	2	Flat
£515K	11/22	0.36 mi	Flat 52, Tompion House, Percival Street, London, Greater London EC1V 0HX	-	-	2	Flat
£635K	06/21	0.38 mi	49c, St Peters Street, London, Greater London N1 8JP	-	-	2	Flat
£825K	08/22	0.39 mi	23a, Arlington Way, London, Greater London EC1R 1UY	-	-	2	Flat
£432.5K	11/20	0.4 mi	Flat 15, Newland Court, Old Street, London, Greater London EC1V 9NS	-	-	2	Flat
£540K	10/22	0.41 mi	Flat 77, Patrick Coman House, Skinner Street, London, Greater London EC1V 4NY	-	-	2	Flat
£406K	04/21	0.41 mi	Flat 63, Sylvia Court, Cavendish Street, London, Greater London N1 7PG	-	-	2	Flat
£540K	06/23	0.41 mi	36, Duncan Street, London, Greater London N1 8BW	£7,200	75	2	Flat
£600K	09/21	0.42 mi	Flat C, 43, Colebrooke Row, London, Greater London N1 8AF	£11,765	51	2	Flat
£425K	08/24	0.44 mi	Wenlock Court, Flat 29, New North Road, London, Greater London N1 7QR	£7,328	58	2	Flat
£2.0M	05/21	0.45 mi	12, Cruden Street, London, Greater London N1 8NJ	£15,399	128	2	Flat
£730K	07/23	0.45 mi	21a, Sekforde Street, London, Greater London EC1R 0HL	-	-	2	Flat
£735K	05/22	0.47 mi	Flat 47, Hatfield House, Golden Lane Estate, London, Greater London EC1Y 0SU	£10,352	71	2	Flat
£965K	10/22	0.47 mi	15a, Myddelton Square, London, Greater London EC1R 1YE	£12,697	76	2	Flat
£374K	06/22	0.47 mi	Flat 154, Michael Cliffe House, Skinner Street, London, Greater London EC1R 0LN	-	-	2	Flat
£420K	12/20	0.47 mi	Flat 37, Charles Gardner Court, Haberdasher Street, London, Greater London N1 6DS	-	-	2	Flat
£435K	06/23	0.48 mi	Flat 57, Finn House, Bevenden Street, London, Greater London N1 6BL	-	-	2	Flat
£650K	04/23	0.48 mi	Flat 41, Basterfield House, Golden Lane Estate, London, Greater London EC1Y 0TR	-	-	2	Flat
£415K	05/21	0.48 mi	Flat 40, Braithwaite House, Bunhill Row, London, Greater London EC1Y 8NE	-	-	2	Flat
£1.3M	06/21	0.5 mi	10, Coleman Fields, London, Greater London N1 7AG	£11,176	116	2	Flat
£660K	04/22	0.5 mi	Flat 27, Bayer House, Golden Lane Estate, London, Greater London EC1Y 0RN	-	-	2	Flat
£616K	03/21	0.5 mi	Flat 204, Crescent House, Golden Lane Estate, London, Greater London EC1Y 0SL	-	-	2	Flat
£750K	03/21	0.51 mi	Flat 25, Bayer House, Golden Lane Estate, London, Greater London EC1Y 0RN	-	-	2	Flat
£526K	12/20	0.51 mi	2, Claremont Close, London, Greater London N1 9LT	£9,393	56	2	Flat
£790K	03/21	0.51 mi	43a, Sekforde Street, London, Greater London EC1R 0HA	-	-	2	Flat
£513.5K	06/21	0.51 mi	Flat 15, Stanley Cohen House, Golden Lane Estate, London, Greater London EC1Y 0RL	-	-	2	Flat
£1.1M	11/22	0.52 mi	9, Kingsway Place, London, Greater London EC1R 0LU	£8,959	117	2	Flat
£1.0M	04/23	0.52 mi	17, Kingsway Place, London, Greater London EC1R 0LU	£10,541	97	2	Flat
£550K	03/21	0.52 mi	126, Haberdasher Street, London, Greater London N1 6EJ	-	-	2	Flat
£375K	10/20	0.53 mi	Flat 19, Finn House, Bevenden Street, London, Greater London N1 6BN	-	-	2	Flat
£436K	04/23	0.53 mi	157, Haberdasher Street, London, Greater London N1 6EH	-	-	2	Flat
£663K	10/20	0.54 mi	Flat 1, Bowater House, Golden Lane Estate, London, Greater London EC1Y 0RJ	-	-	2	Flat
£720K	03/23	0.54 mi	235, New North Road, London, Greater London N1 7AT	-	-	2	Flat
£490K	06/21	0.56 mi	Flat 25, Farriers House, Errol Street, London, Greater London EC1Y 8TB	-	-	2	Flat
£1.4M	06/21	0.57 mi	24, Claremont Square, London, Greater London N1 9LX	-	-	2	Flat

Local Rents

51 rents from £3.3K/mo to £4.6K/mo, average is £3.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,900	03/24	0 mi	Chronicle Tower, 261b City Road, EC1V	2	Flat
£4,000	03/24	0.01 mi	The Lexicon, London EC1V	2	Flat
£3,800	03/24	0.01 mi	City Road, London, EC1V	2	Flat
£3,683	03/24	0.01 mi	Chronicle Tower, 261B City Road, London, EC1V	2	Flat
£3,300	03/24	0.01 mi	City Road, London, EC1V	2	Flat
£3,683	04/24	0.01 mi	Chronicle Tower, 261b City Road, London, EC1V	2	Flat
£4,225	03/24	0.01 mi	Chronicle Tower, 261b City Road, London, EC1V	2	Flat
£4,225	04/24	0.01 mi	Chronicle Tower, 261b City Road, London, EC1V	2	Flat
£3,896	05/24	0.01 mi	City Road, London, EC1V	2	Flat
£3,950	04/24	0.01 mi	Chronicle Tower, EC1V	2	Flat
£4,000	05/24	0.01 mi	-	2	Flat
£4,008	05/24	0.01 mi	Chronicle Tower, London, EC1V	2	Flat
£4,550	04/24	0.01 mi	Chronicle Tower, 261B City Road, London, EC1V	2	Flat
£3,683	12/24	0.01 mi	-	2	Flat
£3,900	03/24	0.01 mi	Chronicle Tower, City Road, Angel, London EC1V	2	Flat
£3,700	03/24	0.01 mi	Chronicle Tower, 261B City Road, London, EC1V	2	Flat
£3,650	04/24	0.01 mi	Chronicle Tower, City Road, Angel, London, EC1V	2	Flat
£4,550	05/24	0.01 mi	Chronicle Tower, City Road, EC1V	2	Flat
£3,900	05/24	0.01 mi	Chronicle Tower, City Road, Angel, London EC1V	2	Flat
£3,500	04/24	0.01 mi	Chronicle Tower, EC1V	2	Flat
£3,467	05/24	0.02 mi	City Road, London, EC1V	2	Flat
£3,600	04/24	0.02 mi	Valencia Tower, London, EC1V	2	Flat
£3,600	06/24	0.02 mi	-	2	Flat
£4,500	04/25	0.03 mi	-	2	Flat
£4,500	04/25	0.03 mi	-	2	Flat
£4,000	03/24	0.03 mi	City Road, Angel Southside, EC1V	2	Flat
£4,400	04/24	0.03 mi	Valencia Tower, 3 Bollinder Place, London, EC1V	2	Flat
£4,300	04/24	0.03 mi	Siena House, 250 City Road, Islington, London, EC1V	2	Flat
£4,600	04/24	0.03 mi	Bollinder Place, London, EC1V	2	Flat
£4,300	03/24	0.04 mi	Carrara Tower, 1 Bollinder Place, EC1V 2AF, EC1V	2	Flat
£4,200	03/24	0.04 mi	Bollinder Place, London, London	2	Flat
£3,900	03/24	0.04 mi	Siena House, 250 City Road, London, EC1V	2	Flat
£3,800	04/24	0.04 mi	Carrara Tower, 1 Bollinder Place, EC1V	2	Flat
£3,600	03/24	0.04 mi	Bollinder Place, Carrara Tower, EC1V	2	Flat
£3,750	03/24	0.04 mi	Carrara Tower, 1 Bollinder Place, EC1V	2	Flat
£4,333	03/24	0.04 mi	Carrara Tower, 1 Bollinder Place, London EC1V	2	Flat
£4,000	03/24	0.04 mi	Siena House, 250 City Road, EC1V	2	Flat
£4,299	04/24	0.04 mi	Siena House, 250 City Road, EC1V	2	Flat
£4,099	04/24	0.04 mi	Siena House, 250 City Road, EC1V	2	Flat
£3,600	05/24	0.04 mi	Bollinder Place, Carrara Tower, EC1V	2	Flat
£3,850	05/24	0.04 mi	Carrara Tower, Bollinder Place, London EC1V	2	Flat
£3,799	04/24	0.04 mi	Carrara Tower, Bollinder Place, London, EC1V	2	Flat
£4,500	03/24	0.04 mi	Carrara Tower 1 Bollinder Place LONDON EC1V	2	Flat
£4,250	03/24	0.04 mi	Carrara Tower 1 Bollinder Place LONDON EC1V	2	Flat
£3,750	03/24	0.04 mi	Carrara Tower 1 Bollinder Place LONDON EC1V	2	Flat
£3,600	03/24	0.04 mi	Carrara Tower, London, EC1V	2	Flat
£3,598	05/24	0.04 mi	Carrara Tower, London, EC1V	2	Flat
£3,400	06/24	0.04 mi	-	2	Flat
£4,500	04/24	0.04 mi	-	2	Flat
£4,500	12/24	0.04 mi	-	2	Flat
£3,890	12/24	0.04 mi	-	2	Flat

Local Area Statistics

Population in EC1	27,08227,082
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.43 miles away0.43 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

Price changed to £800,000

March 24, 2025

Listed for £845,000

October 9, 2024

Floor Plans

Description

Modern apartment available with no upper chain +
13th Floor apartment set in an impressive development +
Bright reception with room to dine and panoramic city views +
2 Lovely double bedrooms with built-in wardrobes +
Residents' spa, pool, gym, steam and sauna rooms available +
Modern open-plan kitchen with integrated appliances +
Walking distance to Northern Line at Angel or Old Street +
Alternatively 0.9 mile walk to Farringdon for Elizabeth Line and Thameslink +

Set within the impressive Chronicle Tower moments from Old Street roundabout and Angel Station, is this state of the art two double bedroom apartment located on the 13th floor with outstanding views of North London. The apartment is extremely bright with multiple floor to ceiling windows and is finished to the highest of standards comprising.

Large hallway leading to the high specification luxury kitchen with granite worktops and integrated appliances leading onto the impressive living space with exceptional views across London. The master bedroom is spacious with floor to ceiling windows, copious storage space and an en-suite luxury shower room.

The second bedroom is equally spacious, comfortably fitting a double bed and additionally has built-in wardrobes. The master bathroom is chic and modern and includes a bath with overhead rain shower.

Additional benefits include: comfort cooling, underfloor heating, electric blinds, video entry, hyperoptic broadband and Siemens appliances. Residents have access to communal amenities including: 24 hour concierge, residents gym, swimming pool, jacuzzi, sauna and steam room and secure bike storage.

The property is a leasehold with 127 years remaining.
EPC Rating: B
Service Charge: £7000 Annually
Ground rent: £500 Annually
EWS1 Form Available

Bedroom One (4.1m x 3.3m)

Bedroom Two (3.9m x 3.8m)

Reception / Kitchen (6.2m x 4.8m)

Parking -Underground Parking Space with Separate Negotiation

Agent Details

iad, Nationwide

03330 382150

Next Steps?

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

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