2 Bed Flat, Single Let, EC1V 1AD £1,100,000

City Road, Clerkenwell, London, EC1V 1ADV - 5 views - a year ago

Leasehold

BTL

~97 m²

ValuationOvervalued

Sold Prices	£162.5K - £1.3M
Sold Prices/m²	£2.7K/m² - £15.1K/m²

Square Metres	~96.60 m²
Price/m²	£11.4K/m²
Value Estimate	£1,028,040£1,028,040

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£275,000£275,000
Stamp Duty & Legal Fees	£85,450£85,450
Total Cash In	£360,450£360,450

Cash Out
Rent Range	£800 - £5,417£800 - £5,417
Rent Estimate	£3,500
Running Costs/mo	£4,158£4,158
Cashflow/mo	£-657£-657
Cashflow/yr	£-7,890£-7,890
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £162.5K to £1.3M, average is £640K. £2.7K/m² to £15.1K/m², average is £9.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£900K	11/24	0.02 mi	257 Canaletto Tower, Flat 1104, City Road, London EC1V 1AE	£11,538	78	2	Flat
£740K	01/25	0.04 mi	1 Carrara Tower, Apartment 32, Bollinder Place, London EC1V 2AD	£11,212	66	2	Flat
£1.1M	02/25	0.04 mi	Apartment 81, 1 Carrara Tower, Bollinder Place, London EC1V 2AE	£11,526	95	2	Flat
£468K	12/22	0.18 mi	Flat 20, Alford Court, Shepherdess Walk, London, Greater London N1 7JW	-	-	2	Flat
£640K	03/25	0.18 mi	17 21 Cube Building, Flat 11, Wenlock Road, Hackney, London N1 7GT	-	-	2	Flat
£430K	06/21	0.19 mi	Flat 45, Alford Court, Shepherdess Walk, London, Greater London N1 7JW	-	-	2	Flat
£954K	08/23	0.2 mi	3, Paton Street, London EC1V 3PW	£11,494	83	2	Flat
£543K	12/22	0.2 mi	Flat 18, Burnhill House, Norman Street, London, Greater London EC1V 3PQ	-	-	2	Flat
£840K	03/25	0.21 mi	Flat 13, 248 Katial House, Goswell Road, London EC1V 7AS	£11,200	75	2	Flat
£625K	12/24	0.22 mi	31, Flat 9, Seward Street, London EC1V 3PD	£9,921	63	2	Flat
£616K	03/25	0.22 mi	Flat 1, 5 6 Firstoak House, Oakley Crescent, London EC1V 1AB	£8,676	71	2	Flat
£616K	03/25	0.22 mi	Flat 1, 5 6 Firstoak House, Oakley Crescent, London EC1V 1AB	-	-	2	Flat
£670K	12/24	0.23 mi	21, Flat 6, Lever Street, London EC1V 3QY	£11,754	57	2	Flat
£560K	07/23	0.25 mi	Flat 11, Langdon Court, City Road, London, Greater London EC1V 1LH	-	-	2	Flat
£940K	06/21	0.25 mi	190, Dance Square, London, Greater London EC1V 3AN	£11,899	79	2	Flat
£799.2K	03/25	0.27 mi	Flat 5, 20 21 St Lukes View, Bartholomew Square, London EC1V 3QT	-	-	2	Flat
£515K	04/24	0.28 mi	Shaftesbury Court, Flat 84, Shaftesbury Street, Hackney, London N1 7HN	£7,923	65	2	Flat
£1.3M	10/24	0.29 mi	1 Britannia Wharf, Unit 4, Baldwin Terrace, London N1 7RU	£14,719	89	2	Flat
£640K	03/25	0.3 mi	Flat 1, 26, Bastwick Street, London EC1V 3PP	-	-	2	Flat
£702K	11/24	0.3 mi	26, Flat 9, Bastwick Street, London EC1V 3PP	£8,886	79	2	Flat
£670K	07/25	0.3 mi	Flat 7, 26, Bastwick Street, London EC1V 3PP	-	-	2	Flat
£640K	03/25	0.3 mi	Flat 1, 26, Bastwick Street, London EC1V 3PP	£10,159	63	2	Flat
£650K	03/23	0.3 mi	Flat 35, Moorgreen House, Wynyatt Street, London, Greater London EC1V 7JA	-	-	2	Flat
£162.5K	05/25	0.31 mi	Flat 1, 164 Angel Wharf, Shepherdess Walk, Hackney, London N1 7JL	£2,708	60	2	Flat
£485K	07/25	0.31 mi	Flat 10, Nile House, Provost Estate, Hackney, London N1 7NJ	-	-	2	Flat
£495K	03/25	0.32 mi	82, The Triangle, Compton Street, London EC1V 0AG	-	-	2	Flat
£495K	03/25	0.32 mi	82, The Triangle, Compton Street, London EC1V 0AG	£6,972	71	2	Flat
£860K	08/25	0.33 mi	Flat 8, 93 99 Strategy House, Goswell Road, London EC1V 7EY	-	-	2	Flat
£638K	03/25	0.33 mi	Flat 1, 17 19, Paget Street, London EC1V 7PA	£11,193	57	2	Flat
£390K	05/25	0.34 mi	Flat 75, Evelyn Court, Evelyn Walk, Hackney, London N1 7PS	£7,500	52	2	Flat
£420K	03/25	0.34 mi	11, Newland Court, Old Street, London EC1V 9NS	£5,753	73	2	Flat
£520K	02/25	0.34 mi	Newland Court, 44, Old Street, London EC1V 9NS	£7,324	71	2	Flat
£905K	01/25	0.35 mi	15 27, Flat 11, Gee Street, London EC1V 3RD	£9,837	92	2	Flat
£950K	06/25	0.35 mi	Flat 108, 145, City Road, Hackney, London EC1V 1AA	£11,875	80	2	Flat
£950K	06/25	0.35 mi	Flat 108, 145, City Road, Hackney, London EC1V 1AA	-	-	2	Flat
£850K	07/25	0.37 mi	Flat 20, 74, Arlington Avenue, London N1 7AY	-	-	2	Flat
£515K	11/22	0.38 mi	Flat 52, Tompion House, Percival Street, London, Greater London EC1V 0HX	-	-	2	Flat
£370K	07/23	0.38 mi	Flat 13, Wyclif Court, Wyclif Street, London, Greater London EC1V 0EL	-	-	2	Flat
£1.2M	06/21	0.38 mi	20, Gerrard Road, London, Greater London N1 8AY	-	-	2	Flat
£485K	08/24	0.39 mi	Bracklyn Court, Flat 115, Wimbourne Street, Hackney, London N1 7ES	£6,467	75	2	Flat
£515K	09/22	0.39 mi	Flat 32, Tunbridge House, St John Street, London, Greater London EC1R 4TT	-	-	2	Flat
£862.5K	03/25	0.39 mi	Flat 17, Imperial Hall, City Road, London EC1V 2NR	£8,456	102	2	Flat
£650K	07/24	0.4 mi	Flat 2, 94, Banner Street, London EC1Y 8JU	£7,831	83	2	Flat
£650K	07/24	0.4 mi	94, Flat 2, Banner Street, London EC1Y 8JU	£7,831	83	2	Flat
£530K	01/25	0.4 mi	333 Tunbridge House, 26, St John Street, London EC1R 4TT	£15,143	35	2	Flat
£530K	01/25	0.4 mi	26, 333 Tunbridge House, St John Street, London EC1R 4TT	-	-	2	Flat
£762.5K	05/25	0.41 mi	Flat 11, 1, Owen Street, London EC1V 7JW	-	-	2	Flat
£762.5K	05/25	0.41 mi	Flat 11, 1, Owen Street, London EC1V 7JW	£9,187	83	2	Flat
£425K	08/24	0.41 mi	Wenlock Court, Flat 29, New North Road, London, Greater London N1 7QR	£7,328	58	2	Flat
£744K	11/24	0.43 mi	231, Flat 4, St John Street, London EC1V 4NG	£9,073	82	2	Flat

Local Rents

50 rents from £800/mo to £5.4K/mo, average is £4K/mo.

Rent	Date	Distance	Address	Beds	Type
£4,200	06/25	0 mi	City Road, City, London, EC1V	2	Flat
£4,250	09/25	0 mi	Siena House, Bollinder Place, EC1V	2	Flat
£4,300	03/24	0.01 mi	Siena House, Bollinder Place, EC1V	2	Flat
£3,900	03/24	0.01 mi	Siena House, Bollinder Place, EC1V	2	Flat
£4,200	03/24	0.01 mi	Siena House, Bollinder Place, EC1V	2	Flat
£4,000	03/24	0.01 mi	Vermont House, Dingley Road, EC1V	2	Flat
£4,400	09/25	0.01 mi	Siena House, Bollinder Place, EC1V	2	Flat
£3,950	03/24	0.01 mi	Siena House, London, EC1V	2	Flat
£3,799	06/24	0.01 mi	-	2	Flat
£3,700	03/24	0.01 mi	Valencia Tower, 250 City Road, 3 Bollinder Place, London, EC1V	2	Flat
£4,992	05/25	0.01 mi	-	2	Flat
£4,200	03/24	0.01 mi	Valencia Tower, 250 City Road, 3 Bollinder Place, London, EC1V	2	Flat
£3,800	07/25	0.01 mi	Valencia Tower, 3 Bollinder Place, London, EC1V	2	Flat
£3,800	07/25	0.01 mi	250 City Road, Valencia Tower, London, EC1V	2	Flat
£3,500	09/25	0.01 mi	250 City Road, Valencia Tower, London, EC1V	2	Flat
£3,500	09/25	0.01 mi	Valencia Tower, 3 Bollinder Place, London, EC1V	2	Flat
£3,500	07/25	0.01 mi	Aurora Apartments, 250 City Road, EC1V	2	Flat
£4,008	05/24	0.01 mi	-	2	Flat
£5,000	10/25	0.01 mi	Carrara Tower, 1 Bollinder Place, London, EC1V	2	Flat
£5,000	03/24	0.01 mi	Carrara Tower, 250 City Road, London, EC1V	2	Flat
£3,750	04/24	0.01 mi	Carrara Tower 1 Bollinder Place LONDON EC1V	2	Flat
£4,215	03/24	0.01 mi	Valencia Tower, 250 City Road, EC1V	2	Flat
£4,350	04/24	0.01 mi	Valencia Tower, London, EC1V	2	Flat
£4,200	06/25	0.01 mi	Valencia Tower, London, EC1V	2	Flat
£3,467	06/25	0.01 mi	London , EC1V	2	Flat
£800	07/25	0.01 mi	London , EC1V	2	Flat
£4,250	06/25	0.01 mi	Canaletto Tower, 257 City Road, London, Islington, EC1V	2	Flat
£3,600	03/24	0.01 mi	Canaletto, City Road, London, EC1V	2	Flat
£4,550	08/25	0.01 mi	City Road London EC1V	2	Flat
£5,417	10/25	0.01 mi	City Road London EC1V	2	Flat
£4,500	09/25	0.02 mi	City Road, London, EC1V	2	Flat
£3,870	10/25	0.02 mi	Carrara Tower, EC1V	2	Flat
£3,800	09/25	0.02 mi	-	2	Flat
£3,850	08/25	0.02 mi	Carrara Tower, 250 City Road, London, EC1V	2	Flat
£4,500	04/24	0.02 mi	Valencia Tower, EC1V	2	Flat
£4,500	02/24	0.02 mi	-	2	Flat
£3,870	11/25	0.02 mi	Carrara Tower, 1 Bollinder Place, London, EC1V	2	Flat
£4,000	09/25	0.02 mi	Canaletto Tower, City Road, Angel, Islington, London, EC1V	2	Flat
£4,500	10/25	0.02 mi	Canaletto Tower, 257 City Road, London, EC1V	2	Flat
£4,498	04/24	0.02 mi	Bollinder Place, City Road	2	Flat
£4,498	04/24	0.02 mi	Bollinder Place, City Road	2	Flat
£3,553	08/25	0.02 mi	Carrara Tower, 1 Bollinder Place, London, Greater London, EC1V	2	Flat
£3,791	08/25	0.02 mi	Carrara Tower, 3 Bollinder Place, London	2	Flat
£3,350	09/25	0.02 mi	Valencia Tower, Islington, London, EC1V	2	Flat
£3,796	09/25	0.02 mi	Siena House,City Road, London, EC1V	2	Flat
£3,999	03/24	0.02 mi	Canaletto Tower, 257 City Road, EC1V	2	Flat
£3,792	12/24	0.02 mi	-	2	Flat
£3,800	02/25	0.02 mi	-	2	Flat
£4,000	07/25	0.02 mi	-	2	Flat
£3,700	02/24	0.02 mi	-	2	Flat

Local Area Statistics

Population in EC1	27,08227,082
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.44 miles away0.44 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-6%-6%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-10%-10%

Property History

Listed for £1,100,000

November 12, 2024

Floor Plans

Description

Modern development in sought-after location +
Open-plan reception/kitchen +
2 generous bedrooms +
Stylish bathroom and shower room +
Private balcony +
Close to Angel and Old Street stations +
24 hour concierge and spa treatment area +
Pool, gym, sauna and steam room +

Set within a highly sought after development on City Road featuring a Concierge, Health Spa, Cinema and residents' lounge, this 2 bedroom apartment boasts modern open-plan interiors with neutral décor throughout.

Enviably located close to Angel and Old Street stations, Canaletto Tower is well served by the many shops, bars and restaurants in Clerkenwell, Shoreditch and Islington while enjoying easy access into the centre of London.

Please use the reference CHPK4334819 when contacting Foxtons.

Agent Details

Foxtons, Clerkenwell

020 3834 7972

Next Steps?

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

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