2 Bed Flat, Single Let, EC1V 1AG, £625,000

City Road, Clerkenwell, London, EC1V 1AGV - 5 views - 5 months ago

Leasehold

BTL

ROI: 4%

~68 m²

+6 photos

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£9.2K/m²
Value Estimate	£746,481£746,481
BMV	19%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£156,250£156,250
Stamp Duty & Legal Fees	£38,700£38,700
Total Cash In	£194,950£194,950

Cash Out
Rent Range	£3,100 - £5,000£3,100 - £5,000
Rent Estimate	£3,263
Running Costs/mo	£2,626£2,626
Cashflow/mo	£637£637
Cashflow/yr	£7,647£7,647
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £370K to £2.0M, average is £540K. £7.2K/m² to £15.4K/m², average is £10.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£850K	04/21	0.13 mi	65, Graham Street, London, Greater London N1 8LA	£8,017	106	2	Flat
£468K	12/22	0.14 mi	Flat 20, Alford Court, Shepherdess Walk, London, Greater London N1 7JW	-	-	2	Flat
£435K	04/21	0.14 mi	Flat 26, Rahere House, Central Street, London, Greater London EC1V 8DE	-	-	2	Flat
£430K	06/21	0.15 mi	Flat 45, Alford Court, Shepherdess Walk, London, Greater London N1 7JW	-	-	2	Flat
£525K	11/20	0.23 mi	68, Theseus Walk, London, Greater London N1 8DS	-	-	2	Flat
£471K	02/21	0.24 mi	Flat 84, Shaftesbury Court, Shaftesbury Street, London, Greater London N1 7HN	-	-	2	Flat
£543K	12/22	0.24 mi	Flat 18, Burnhill House, Norman Street, London, Greater London EC1V 3PQ	-	-	2	Flat
£560K	07/23	0.25 mi	Flat 11, Langdon Court, City Road, London, Greater London EC1V 1LH	-	-	2	Flat
£550K	12/20	0.3 mi	33, Elia Street, London, Greater London N1 8DF	£9,483	58	2	Flat
£940K	06/21	0.3 mi	190, Dance Square, London, Greater London EC1V 3AN	£11,899	79	2	Flat
£795K	02/21	0.32 mi	73b, St Peters Street, London, Greater London N1 8JR	£10,743	74	2	Flat
£650K	03/23	0.33 mi	Flat 35, Moorgreen House, Wynyatt Street, London, Greater London EC1V 7JA	-	-	2	Flat
£406K	04/21	0.34 mi	Flat 63, Sylvia Court, Cavendish Street, London, Greater London N1 7PG	-	-	2	Flat
£745K	03/21	0.34 mi	Flat B, 22, Paget Street, London, Greater London EC1V 7PA	£12,016	62	2	Flat
£1.2M	06/21	0.36 mi	20, Gerrard Road, London, Greater London N1 8AY	-	-	2	Flat
£432.5K	11/20	0.36 mi	Flat 15, Newland Court, Old Street, London, Greater London EC1V 9NS	-	-	2	Flat
£425K	08/24	0.38 mi	Wenlock Court, Flat 29, New North Road, London, Greater London N1 7QR	£7,328	58	2	Flat
£635K	06/21	0.39 mi	49c, St Peters Street, London, Greater London N1 8JP	-	-	2	Flat
£420K	12/20	0.41 mi	Flat 37, Charles Gardner Court, Haberdasher Street, London, Greater London N1 6DS	-	-	2	Flat
£435K	06/23	0.41 mi	Flat 57, Finn House, Bevenden Street, London, Greater London N1 6BL	-	-	2	Flat
£515K	09/22	0.42 mi	Flat 32, Tunbridge House, St John Street, London, Greater London EC1R 4TT	-	-	2	Flat
£370K	07/23	0.42 mi	Flat 13, Wyclif Court, Wyclif Street, London, Greater London EC1V 0EL	-	-	2	Flat
£515K	11/22	0.42 mi	Flat 52, Tompion House, Percival Street, London, Greater London EC1V 0HX	-	-	2	Flat
£600K	09/21	0.45 mi	Flat C, 43, Colebrooke Row, London, Greater London N1 8AF	£11,765	51	2	Flat
£550K	03/21	0.45 mi	126, Haberdasher Street, London, Greater London N1 6EJ	-	-	2	Flat
£825K	08/22	0.46 mi	23a, Arlington Way, London, Greater London EC1R 1UY	-	-	2	Flat
£415K	05/21	0.46 mi	Flat 40, Braithwaite House, Bunhill Row, London, Greater London EC1Y 8NE	-	-	2	Flat
£540K	06/23	0.46 mi	36, Duncan Street, London, Greater London N1 8BW	£7,200	75	2	Flat
£2.0M	05/21	0.46 mi	12, Cruden Street, London, Greater London N1 8NJ	£15,399	128	2	Flat
£436K	04/23	0.46 mi	157, Haberdasher Street, London, Greater London N1 6EH	-	-	2	Flat
£540K	10/22	0.47 mi	Flat 77, Patrick Coman House, Skinner Street, London, Greater London EC1V 4NY	-	-	2	Flat
£1.3M	06/21	0.47 mi	10, Coleman Fields, London, Greater London N1 7AG	£11,176	116	2	Flat
£735K	05/22	0.48 mi	Flat 47, Hatfield House, Golden Lane Estate, London, Greater London EC1Y 0SU	£10,352	71	2	Flat
£650K	04/23	0.49 mi	Flat 41, Basterfield House, Golden Lane Estate, London, Greater London EC1Y 0TR	-	-	2	Flat
£720K	03/23	0.5 mi	235, New North Road, London, Greater London N1 7AT	-	-	2	Flat
£660K	04/22	0.51 mi	Flat 27, Bayer House, Golden Lane Estate, London, Greater London EC1Y 0RN	-	-	2	Flat
£730K	07/23	0.51 mi	21a, Sekforde Street, London, Greater London EC1R 0HL	-	-	2	Flat
£750K	03/21	0.52 mi	Flat 25, Bayer House, Golden Lane Estate, London, Greater London EC1Y 0RN	-	-	2	Flat
£513.5K	06/21	0.52 mi	Flat 15, Stanley Cohen House, Golden Lane Estate, London, Greater London EC1Y 0RL	-	-	2	Flat
£616K	03/21	0.52 mi	Flat 204, Crescent House, Golden Lane Estate, London, Greater London EC1Y 0SL	-	-	2	Flat
£374K	06/22	0.53 mi	Flat 154, Michael Cliffe House, Skinner Street, London, Greater London EC1R 0LN	-	-	2	Flat
£500K	01/23	0.54 mi	32, Pitfield Street, London, Greater London N1 6EU	£8,065	62	2	Flat
£965K	10/22	0.54 mi	15a, Myddelton Square, London, Greater London EC1R 1YE	£12,697	76	2	Flat
£450K	06/21	0.54 mi	Flat 27, Shoreditch House, Charles Square, London, Greater London N1 6HL	-	-	2	Flat
£460K	04/21	0.54 mi	Flat 37, Shoreditch House, Charles Square, London, Greater London N1 6HL	-	-	2	Flat
£405K	10/21	0.55 mi	Flat 63, Royal Oak Court, Pitfield Street, London, Greater London N1 6EN	-	-	2	Flat
£490K	06/21	0.55 mi	Flat 25, Farriers House, Errol Street, London, Greater London EC1Y 8TB	-	-	2	Flat
£663K	10/20	0.55 mi	Flat 1, Bowater House, Golden Lane Estate, London, Greater London EC1Y 0RJ	-	-	2	Flat
£500K	11/20	0.56 mi	Flat 11, Fairchild House, Fanshaw Street, London, Greater London N1 6LH	-	-	2	Flat
£460K	11/23	0.56 mi	Flat 80, Royal Oak Court, Pitfield Street, London, Greater London N1 6EP	-	-	2	Flat

Local Rents

50 rents from £3.1K/mo to £5K/mo, average is £4K/mo.

Rent	Date	Distance	Address	Beds	Type
£4,500	04/24	0.02 mi	Canaletto Tower, City Road, Islington, London, EC1V	2	Flat
£4,000	02/24	0.03 mi	-	2	Flat
£4,150	12/24	0.03 mi	-	2	Flat
£4,000	05/24	0.03 mi	Canaletto, City Road, Islington, London, EC1V	2	Flat
£4,000	03/24	0.03 mi	Canaletto Tower EC1V	2	Flat
£4,500	02/24	0.03 mi	-	2	Flat
£3,600	03/24	0.03 mi	Canaletto, City Road, London, EC1V	2	Flat
£3,999	03/24	0.04 mi	Canaletto Tower, 257 City Road, EC1V	2	Flat
£3,200	03/24	0.05 mi	Micawber Street, Old Street, London, N1	2	Flat
£4,000	03/24	0.05 mi	Sienna House, London EC1V	2	Flat
£4,000	03/24	0.05 mi	Vermont House, Dingley Road, EC1V	2	Flat
£3,750	05/24	0.05 mi	Carrara Tower, City Road, EC1V	2	Flat
£4,300	03/24	0.05 mi	Siena House, Bollinder Place, EC1V	2	Flat
£3,900	03/24	0.05 mi	Siena House, Bollinder Place, EC1V	2	Flat
£4,200	03/24	0.05 mi	Siena House, Bollinder Place, EC1V	2	Flat
£3,950	03/24	0.06 mi	Siena House, London, EC1V	2	Flat
£3,799	06/24	0.06 mi	-	2	Flat
£3,700	03/24	0.06 mi	Valencia Tower, 250 City Road, 3 Bollinder Place, London, EC1V	2	Flat
£3,500	04/24	0.06 mi	Chronicle Tower, EC1V	2	Flat
£3,800	04/24	0.06 mi	Vermont House, 250 City Road, London, EC1V	2	Flat
£4,992	04/25	0.06 mi	-	2	Flat
£4,200	03/24	0.06 mi	Valencia Tower, 250 City Road, 3 Bollinder Place, London, EC1V	2	Flat
£5,000	03/24	0.06 mi	Carrara Tower, 250 City Road, London, EC1V	2	Flat
£4,498	04/24	0.06 mi	Bollinder Place, City Road	2	Flat
£4,498	04/24	0.06 mi	Bollinder Place, City Road	2	Flat
£3,750	04/24	0.06 mi	Carrara Tower 1 Bollinder Place LONDON EC1V	2	Flat
£4,099	03/24	0.06 mi	Bollinger Place, Old Street, EC1V 2AR – 2 Bedrooms Flat	2	Flat
£4,008	05/24	0.06 mi	-	2	Flat
£4,550	04/24	0.06 mi	Chronicle Tower, 261B City Road, London, EC1V	2	Flat
£3,900	03/24	0.06 mi	Chronicle Tower, City Road, Angel, London EC1V	2	Flat
£3,700	03/24	0.06 mi	Chronicle Tower, 261B City Road, London, EC1V	2	Flat
£3,650	04/24	0.06 mi	Chronicle Tower, City Road, Angel, London, EC1V	2	Flat
£4,550	05/24	0.06 mi	Chronicle Tower, City Road, EC1V	2	Flat
£3,900	05/24	0.06 mi	Chronicle Tower, City Road, Angel, London EC1V	2	Flat
£3,683	12/24	0.06 mi	-	2	Flat
£4,215	03/24	0.06 mi	Valencia Tower, 250 City Road, EC1V	2	Flat
£4,350	04/24	0.06 mi	Valencia Tower, London, EC1V	2	Flat
£4,008	05/24	0.06 mi	Chronicle Tower, London, EC1V	2	Flat
£4,000	05/24	0.06 mi	-	2	Flat
£3,683	03/24	0.06 mi	Chronicle Tower, 261B City Road, London, EC1V	2	Flat
£4,000	03/24	0.06 mi	The Lexicon, London EC1V	2	Flat
£3,800	03/24	0.06 mi	City Road, London, EC1V	2	Flat
£4,225	03/24	0.06 mi	Chronicle Tower, 261b City Road, London, EC1V	2	Flat
£3,683	04/24	0.06 mi	Chronicle Tower, 261b City Road, London, EC1V	2	Flat
£4,225	04/24	0.06 mi	Chronicle Tower, 261b City Road, London, EC1V	2	Flat
£3,896	05/24	0.06 mi	City Road, London, EC1V	2	Flat
£3,300	03/24	0.06 mi	City Road, London, EC1V	2	Flat
£3,950	04/24	0.06 mi	Chronicle Tower, EC1V	2	Flat
£3,700	05/24	0.06 mi	250 City Road, London, EC1V	2	Flat
£3,100	03/24	0.07 mi	Spenlow Apartments, London, N1	2	Flat

Local Area Statistics

Population in EC1	27,08227,082
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.45 miles away0.45 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 £625,000

January 15, 2025

Listed for £675,000

November 26, 2024

Floor Plans

Description

Stylish and modern 2 bedroom flat +
Spacious open-plan reception/kitchen +
Premium wood-effect flooring +
2 spacious double bedrooms +
Smart kitchen area with integrated appliances +
Set in a secure and desirable building +
Excellent central location +
Views over the City Road Basin +

A stunning 2 bedroom flat on the eleventh floor, enviably located just off City Road. Boasting bright and modern accommodation throughout and lovely views of the City Road Basin.

This property is centrally located on City Road, within easy reach of the shops, amenities and transport links that can be found on Old Street and nearby Angel.

Please use the reference CHPK3664687 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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