2 Bed Flat, Single Let, EC1N 7TJ, £535,000

Leather Lane, EC1N 7TJN - 6 views - 5 months ago

Leasehold

BTL

ROI: 2%

~68 m²

+15 photos

ValuationUndervalued

Sold Prices	£370K - £5.3M
Sold Prices/m²	£8.7K/m² - £10.9K/m²

Square Metres	~68.11 m²
Price/m²	£7.9K/m²
Value Estimate	£663,400£663,400
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£133,750£133,750
Stamp Duty & Legal Fees	£31,500£31,500
Total Cash In	£165,250£165,250

Cash Out
Rent Range	£1,998 - £5,500£1,998 - £5,500
Rent Estimate	£2,394
Running Costs/mo	£2,171£2,171
Cashflow/mo	£223£223
Cashflow/yr	£2,680£2,680
ROI	2%2%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £370K to £5.3M, average is £795K. £8.7K/m² to £10.9K/m², average is £10.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£420K	02/22	0.06 mi	Flat 3, Cranley Buildings, Brookes Market, London, Greater London EC1N 7SY	-	-	2	Flat
£490K	12/21	0.07 mi	Flat 25, Redman House, Portpool Lane, London, Greater London EC1N 7UA	-	-	2	Flat
£607.5K	09/21	0.25 mi	15, Rosebery Court, London, Greater London EC1R 5HP	-	-	2	Flat
£560K	08/23	0.25 mi	6, Rosebery Court, London, Greater London EC1R 5HP	£10,182	55	2	Flat
£1.0M	05/21	0.3 mi	Flat 9, Three Cups Yard, Sandland Street, London, Greater London WC1R 4PZ	-	-	2	Flat
£960K	03/22	0.31 mi	Apartment 12, The Old School, Princeton Street, London, Greater London WC1R 4AY	-	-	2	Flat
£1.1M	11/22	0.31 mi	Apartment 8, The Old School, Princeton Street, London, Greater London WC1R 4AY	-	-	2	Flat
£750K	08/22	0.31 mi	Flat 8, Three Cups Yard, Sandland Street, London, Greater London WC1R 4PZ	-	-	2	Flat
£1.0M	05/21	0.31 mi	Flat 9, Three Cups Yard, Sandland Street, London, Greater London WC1R 4PZ	-	-	2	Flat
£790K	03/21	0.33 mi	43a, Sekforde Street, London, Greater London EC1R 0HA	-	-	2	Flat
£1.1M	11/22	0.34 mi	9, Kingsway Place, London, Greater London EC1R 0LU	£8,959	117	2	Flat
£1.0M	04/23	0.34 mi	17, Kingsway Place, London, Greater London EC1R 0LU	£10,541	97	2	Flat
£730K	07/23	0.4 mi	21a, Sekforde Street, London, Greater London EC1R 0HL	-	-	2	Flat
£930K	07/23	0.4 mi	Flat 148, Clifford's Inn, Fetter Lane, London, Greater London EC4A 1BY	-	-	2	Flat
£708K	08/22	0.4 mi	11, Attneave Street, London, Greater London WC1X 0DT	£9,195	77	2	Flat
£374K	06/22	0.41 mi	Flat 154, Michael Cliffe House, Skinner Street, London, Greater London EC1R 0LN	-	-	2	Flat
£596K	11/22	0.46 mi	Flat G, 165, Gray's Inn Road, London, Greater London WC1X 8UE	-	-	2	Flat
£540K	10/22	0.46 mi	Flat 77, Patrick Coman House, Skinner Street, London, Greater London EC1V 4NY	-	-	2	Flat
£565K	04/22	0.48 mi	Flat 45, Charles Rowan House, Margery Street, London, Greater London WC1X 0EH	-	-	2	Flat
£5.3M	06/23	0.48 mi	Third Floor, 43, Charterhouse Square, London, Greater London EC1M 6EW	-	-	2	Flat
£515K	11/22	0.48 mi	Flat 52, Tompion House, Percival Street, London, Greater London EC1V 0HX	-	-	2	Flat
£560K	02/21	0.48 mi	Flat 16, Spring House, Margery Street, London, Greater London WC1X 0HT	-	-	2	Flat
£680K	09/21	0.48 mi	Flat 17, Spring House, Margery Street, London, Greater London WC1X 0HT	-	-	2	Flat
£550K	12/23	0.48 mi	Flat 7, Spring House, Margery Street, London, Greater London WC1X 0HT	£8,730	63	2	Flat
£575K	06/21	0.49 mi	Flat 14, Earlom House, Margery Street, London, Greater London WC1X 0HX	-	-	2	Flat
£615K	07/23	0.49 mi	Flat A, Bevan House, Boswell Street, London, Greater London WC1N 3BT	-	-	2	Flat
£545K	08/23	0.5 mi	Flat 23, Gwynne House, Lloyd Baker Street, London, Greater London WC1X 9BG	-	-	2	Flat
£370K	07/23	0.5 mi	Flat 13, Wyclif Court, Wyclif Street, London, Greater London EC1V 0EL	-	-	2	Flat
£492K	08/23	0.51 mi	Flat 27, Greenaway House, Fernsbury Street, London, Greater London WC1X 0HZ	-	-	2	Flat
£1.1M	08/23	0.52 mi	Flat 17, Bristol House, Southampton Row, London, Greater London WC1B 4BA	-	-	2	Flat
£616K	03/21	0.55 mi	Flat 204, Crescent House, Golden Lane Estate, London, Greater London EC1Y 0SL	-	-	2	Flat
£950K	01/22	0.55 mi	Flat 8, Amen Lodge, Warwick Lane, London, Greater London EC4M 7BY	-	-	2	Flat
£830K	10/21	0.56 mi	39b, Wharton Street, London, Greater London WC1X 9PG	-	-	2	Flat
£838K	03/21	0.56 mi	1c, Heathcote Street, London, Greater London WC1N 2AL	£10,883	77	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
£1.4M	11/22	0.58 mi	Flat 10, Lytton Court, Barter Street, London, Greater London WC1A 2AH	-	-	2	Flat
£890K	12/23	0.59 mi	Flat 5, Lytton Court, Barter Street, London, Greater London WC1A 2AH	-	-	2	Flat
£515K	09/22	0.59 mi	Flat 32, Tunbridge House, St John Street, London, Greater London EC1R 4TT	-	-	2	Flat
£976K	09/22	0.59 mi	Flat 15, Downing Court, Grenville Street, London, Greater London WC1N 1LX	-	-	2	Flat
£1.4M	07/23	0.6 mi	8, Prideaux Place, London, Greater London WC1X 9PP	-	-	2	Flat
£875K	06/23	0.6 mi	Flat 90, Thomas More House, Barbican, London, Greater London EC2Y 8BU	-	-	2	Flat
£1.1M	01/21	0.6 mi	Flat 6, Thomas More House, Barbican, London, Greater London EC2Y 8BT	-	-	2	Flat
£1.1M	10/22	0.6 mi	Flat 4, Thomas More House, Barbican, London, Greater London EC2Y 8BT	-	-	2	Flat
£875K	07/23	0.6 mi	Flat 14, Thomas More House, Barbican, London, Greater London EC2Y 8BT	-	-	2	Flat
£880K	09/22	0.6 mi	Flat 152, Thomas More House, Barbican, London, Greater London EC2Y 8BU	-	-	2	Flat
£1.0M	11/22	0.6 mi	Flat 119, Defoe House, Barbican, London, Greater London EC2Y 8ND	-	-	2	Flat
£1.4M	03/23	0.61 mi	7a, Bloomsbury Square, London, Greater London WC1A 2LP	-	-	2	Flat
£660K	04/22	0.62 mi	Flat 27, Bayer House, Golden Lane Estate, London, Greater London EC1Y 0RN	-	-	2	Flat
£900K	11/21	0.62 mi	Flat 115, Defoe House, Barbican, London, Greater London EC2Y 8ND	-	-	2	Flat
£800K	10/21	0.62 mi	Flat 21, Defoe House, Barbican, London, Greater London EC2Y 8DN	-	-	2	Flat

Local Rents

51 rents from £2K/mo to £5.5K/mo, average is £3.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,850	04/24	0.03 mi	-	2	Flat
£3,000	02/25	0.03 mi	-	2	Flat
£4,500	05/24	0.03 mi	Equiano Court, London, EC1N	2	Flat
£4,500	12/24	0.03 mi	-	2	Flat
£3,250	04/24	0.06 mi	Hatton Wall, Clerkenwell, London, EC1N	2	Flat
£2,990	12/24	0.06 mi	-	2	Flat
£3,750	04/24	0.06 mi	-	2	Flat
£3,750	03/24	0.06 mi	Kinetic House, London, EC1N	2	Flat
£3,000	03/24	0.06 mi	Hatton Garden, Farringdon	2	Flat
£3,000	05/24	0.07 mi	Hatton Garden, Farringdon	2	Flat
£3,000	05/24	0.07 mi	Hatton Garden, London, EC1N	2	Flat
£3,467	05/24	0.07 mi	Hatton Garden, London, EC1N	2	Flat
£4,000	03/24	0.07 mi	Hatton Wall, EC1N	2	Flat
£4,500	03/24	0.07 mi	Hatton Wall London EC1N	2	Flat
£4,000	04/24	0.07 mi	Hatton Wall London EC1N	2	Flat
£3,012	05/24	0.08 mi	Frewell House, Clerkenwell, London, EC1N	2	Flat
£4,000	04/24	0.08 mi	Hatton Wall, London, EC1N	2	Flat
£2,995	10/24	0.11 mi	-	2	Flat
£2,999	10/24	0.11 mi	-	2	Flat
£2,750	11/24	0.11 mi	-	2	Flat
£2,750	12/24	0.11 mi	-	2	Flat
£2,750	12/24	0.11 mi	-	2	Flat
£3,600	04/24	0.11 mi	Vesage Court, 8a Leather Lane, London, EC1N	2	Flat
£5,000	03/24	0.12 mi	60 66 Saffron Hill Clerkenwell EC1N	2	Flat
£5,000	04/24	0.12 mi	60 66 Saffron Hill Clerkenwell EC1N	2	Flat
£4,200	03/24	0.12 mi	Ziggurat Building, 60-66 Saffron Hill, London, EC1N	2	Flat
£4,500	04/24	0.12 mi	Saffron Hill, Clerkenwell, London, EC1N	2	Flat
£3,575	10/24	0.12 mi	Grays Inn Road, Bloomsbury, London, WC1X	2	Flat
£5,500	04/24	0.13 mi	Summers Street, Clerkenwell, London, EC1R	2	Flat
£4,950	05/24	0.13 mi	Summers Street, Clerkenwell, London, EC1R	2	Flat
£3,250	02/25	0.13 mi	-	2	Flat
£1,998	04/24	0.13 mi	Clerkenwell Road, Clerkenwell	2	Flat
£2,384	03/24	0.14 mi	Clerkenwell Road, Farringdon, London, EC1R	2	Flat
£2,579	05/24	0.14 mi	Clerkenwell Road, Farringdon, London, EC1R	2	Flat
£2,880	04/24	0.14 mi	-	2	Flat
£2,990	03/24	0.14 mi	City View Apartments, 29A Saffron Hill, London, EC1N	2	Flat
£2,750	05/24	0.14 mi	Vine Hill, London, EC1R	2	Flat
£5,000	05/24	0.14 mi	Herbal Hill Gardens, London, EC1R	2	Flat
£5,000	04/24	0.14 mi	-	2	Flat
£4,950	12/24	0.14 mi	Summers Street, Farringdon	2	Flat
£2,400	05/24	0.15 mi	The Montgomery Building, Farringdon	2	Flat
£3,120	04/24	0.15 mi	Herbal Hill, London, EC1R	2	Flat
£4,000	05/24	0.15 mi	Herbal Hill London EC1R	2	Flat
£3,000	04/24	0.15 mi	18-20 Laystall Street, Farringdon, London, EC1R	2	Flat
£2,817	03/24	0.16 mi	Saffron Hill, Farringdon, London, EC1N	2	Flat
£3,228	10/24	0.17 mi	High Holborn, Holborn, London, WC1V	2	Flat
£3,662	10/24	0.17 mi	-	2	Flat
£3,400	04/25	0.18 mi	-	2	Flat
£2,950	05/24	0.18 mi	Farringdon Road London EC1M	2	Flat
£2,817	10/24	0.19 mi	-	2	Flat
£2,817	10/24	0.19 mi	-	2	Flat

Local Area Statistics

Population in EC1	27,08227,082
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.18 miles away0.18 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 £535,000

November 21, 2024

Floor Plans

Description

575 Sq. ft - 53 Sq.m +
Two Bedrooms +
Top Floor +
Beautifully Refurbished +

Such a great price for this beautifully presented, top floor apartment.

With a dual aspect and great views, the accommodation comprises two double bedrooms, separate kitchen, shower room and spacious reception room with dining area.

Located in the Hatton Garden conservation, the area derives its name from the garden of the Bishop of Ely which was given to Sir Christopher Wren by Queen Elizabeth I. It became and still is the centre of London's jewellery trade with its origins dating back to the medieval times, with one of the largest companies; De Beers still retaining one of its headquarters in the area.

Leather Lane hosts a colourful market during the week and is also home to some eclectic galleries, design shops and architect practices. It is super convenient with Farringdon Underground and Mainline Stations and Chancery Lane Underground moments away.

I am expecting tremendous interest for this wonderful home.

Agent Details

Hurford Salvi Carr, City

020 3907 3659

Next Steps?

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

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