2 Bed Flat, Single Let, EC2A 4AN, £600,000

Leonard Street, Old Street, EC2A 4AN - 2 views - 4 months ago

Leasehold

BTL

ROI: 2%

~68 m²

+1 photos

ValuationUndervalued

Sold Prices	£405K - £1.3M
Sold Prices/m²	£7.3K/m² - £11.9K/m²

Square Metres	~68.11 m²
Price/m²	£8.8K/m²
Value Estimate	£669,846£669,846
BMV	12%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£150,000£150,000
Stamp Duty & Legal Fees	£36,700£36,700
Total Cash In	£186,700£186,700

Cash Out
Rent Range	£2,750 - £6,450£2,750 - £6,450
Rent Estimate	£2,817
Running Costs/mo	£2,458£2,458
Cashflow/mo	£359£359
Cashflow/yr	£4,303£4,303
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £405K to £1.3M, average is £555K. £7.3K/m² to £11.9K/m², average is £10.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£427.5K	07/22	0.13 mi	Flat 17, Victoria Chambers, Luke Street, London, Greater London EC2A 4EE	-	-	2	Flat
£415K	05/21	0.17 mi	Flat 40, Braithwaite House, Bunhill Row, London, Greater London EC1Y 8NE	-	-	2	Flat
£432.5K	11/20	0.17 mi	Flat 15, Newland Court, Old Street, London, Greater London EC1V 9NS	-	-	2	Flat
£450K	06/21	0.19 mi	Flat 27, Shoreditch House, Charles Square, London, Greater London N1 6HL	-	-	2	Flat
£460K	04/21	0.19 mi	Flat 37, Shoreditch House, Charles Square, London, Greater London N1 6HL	-	-	2	Flat
£500K	01/23	0.26 mi	32, Pitfield Street, London, Greater London N1 6EU	£8,065	62	2	Flat
£527.5K	05/23	0.27 mi	Flat 6, Shire House, Lambs Passage, London, Greater London EC1Y 8TE	-	-	2	Flat
£506K	10/22	0.27 mi	Flat 10, Shire House, Lambs Passage, London, Greater London EC1Y 8TE	-	-	2	Flat
£490K	06/21	0.29 mi	Flat 25, Farriers House, Errol Street, London, Greater London EC1Y 8TB	-	-	2	Flat
£420K	12/20	0.29 mi	Flat 37, Charles Gardner Court, Haberdasher Street, London, Greater London N1 6DS	-	-	2	Flat
£950K	01/21	0.32 mi	61a, Rivington Street, London, Greater London EC2A 3QQ	£11,728	81	2	Flat
£550K	03/21	0.32 mi	126, Haberdasher Street, London, Greater London N1 6EJ	-	-	2	Flat
£435K	06/23	0.33 mi	Flat 57, Finn House, Bevenden Street, London, Greater London N1 6BL	-	-	2	Flat
£460K	11/23	0.34 mi	Flat 80, Royal Oak Court, Pitfield Street, London, Greater London N1 6EP	-	-	2	Flat
£436K	04/23	0.34 mi	157, Haberdasher Street, London, Greater London N1 6EH	-	-	2	Flat
£405K	10/21	0.35 mi	Flat 63, Royal Oak Court, Pitfield Street, London, Greater London N1 6EN	-	-	2	Flat
£543K	12/22	0.38 mi	Flat 18, Burnhill House, Norman Street, London, Greater London EC1V 3PQ	-	-	2	Flat
£500K	11/20	0.38 mi	Flat 11, Fairchild House, Fanshaw Street, London, Greater London N1 6LH	-	-	2	Flat
£513.5K	06/21	0.38 mi	Flat 15, Stanley Cohen House, Golden Lane Estate, London, Greater London EC1Y 0RL	-	-	2	Flat
£750K	03/21	0.4 mi	Flat 25, Bayer House, Golden Lane Estate, London, Greater London EC1Y 0RN	-	-	2	Flat
£1.3M	04/23	0.4 mi	Flat 519, Ben Jonson House, Barbican, London, Greater London EC2Y 8NH	-	-	2	Flat
£650K	04/23	0.4 mi	Flat 41, Basterfield House, Golden Lane Estate, London, Greater London EC1Y 0TR	-	-	2	Flat
£663K	10/20	0.41 mi	Flat 1, Bowater House, Golden Lane Estate, London, Greater London EC1Y 0RJ	-	-	2	Flat
£830K	03/21	0.41 mi	Flat 101, Speed House, Barbican, London, Greater London EC2Y 8AU	-	-	2	Flat
£890K	07/23	0.41 mi	Flat 65, Speed House, Barbican, London, Greater London EC2Y 8AU	-	-	2	Flat
£995K	10/22	0.41 mi	Flat 109, Speed House, Barbican, London, Greater London EC2Y 8AU	-	-	2	Flat
£660K	04/22	0.41 mi	Flat 27, Bayer House, Golden Lane Estate, London, Greater London EC1Y 0RN	-	-	2	Flat
£430K	03/23	0.44 mi	Flat 17, Hathaway House, Myrtle Street, London, Greater London N1 6QE	-	-	2	Flat
£910K	12/20	0.45 mi	Flat 340, Willoughby House, Barbican, London, Greater London EC2Y 8BL	-	-	2	Flat
£975K	02/23	0.45 mi	Flat 518, Willoughby House, Barbican, London, Greater London EC2Y 8BN	-	-	2	Flat
£735K	05/22	0.45 mi	Flat 47, Hatfield House, Golden Lane Estate, London, Greater London EC1Y 0SU	£10,352	71	2	Flat
£600K	03/23	0.45 mi	Flat 35, Abingdon House, Boundary Street, London, Greater London E2 7HJ	-	-	2	Flat
£1.3M	06/21	0.46 mi	Flat 502, Gilbert House, Barbican, London, Greater London EC2Y 8BD	-	-	2	Flat
£940K	06/21	0.47 mi	190, Dance Square, London, Greater London EC1V 3AN	£11,899	79	2	Flat
£835K	06/21	0.47 mi	Flat 52, Andrewes House, Barbican, London, Greater London EC2Y 8AX	-	-	2	Flat
£780K	06/21	0.47 mi	Flat 176, Andrewes House, Barbican, London, Greater London EC2Y 8BA	-	-	2	Flat
£925K	10/22	0.47 mi	Flat 126, Andrewes House, Barbican, London, Greater London EC2Y 8AY	-	-	2	Flat
£616K	03/21	0.48 mi	Flat 204, Crescent House, Golden Lane Estate, London, Greater London EC1Y 0SL	-	-	2	Flat
£425K	08/24	0.48 mi	Wenlock Court, Flat 29, New North Road, London, Greater London N1 7QR	£7,328	58	2	Flat
£790K	03/23	0.49 mi	Flat 8, Marlow House, Calvert Avenue, London, Greater London E2 7JL	-	-	2	Flat
£900K	11/21	0.49 mi	Flat 115, Defoe House, Barbican, London, Greater London EC2Y 8ND	-	-	2	Flat
£800K	10/21	0.49 mi	Flat 21, Defoe House, Barbican, London, Greater London EC2Y 8DN	-	-	2	Flat
£1.0M	11/22	0.49 mi	Flat 119, Defoe House, Barbican, London, Greater London EC2Y 8ND	-	-	2	Flat
£560K	06/21	0.49 mi	Flat 13, Laleham House, Camlet Street, London, Greater London E2 7HE	-	-	2	Flat
£468K	12/22	0.5 mi	Flat 20, Alford Court, Shepherdess Walk, London, Greater London N1 7JW	-	-	2	Flat
£430K	06/21	0.51 mi	Flat 45, Alford Court, Shepherdess Walk, London, Greater London N1 7JW	-	-	2	Flat
£406K	04/21	0.52 mi	Flat 63, Sylvia Court, Cavendish Street, London, Greater London N1 7PG	-	-	2	Flat
£471K	02/21	0.53 mi	Flat 84, Shaftesbury Court, Shaftesbury Street, London, Greater London N1 7HN	-	-	2	Flat
£435K	04/21	0.54 mi	Flat 26, Rahere House, Central Street, London, Greater London EC1V 8DE	-	-	2	Flat
£880K	09/22	0.55 mi	Flat 152, Thomas More House, Barbican, London, Greater London EC2Y 8BU	-	-	2	Flat

Local Rents

50 rents from £2.8K/mo to £6.5K/mo, average is £3.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,000	03/24	0 mi	Leonard Street, London, EC2A	2	Flat
£2,860	04/25	0.01 mi	-	2	Flat
£2,817	05/24	0.01 mi	Leonard Street, London, EC2A	2	Flat
£3,250	04/24	0.02 mi	Leonard Street, City Road, Old Street, London, EC2A	2	Flat
£3,700	05/24	0.02 mi	Bezier Apartments, City Road, Old Street, London, EC1Y	2	Flat
£3,850	03/24	0.02 mi	Old Street, London, EC1Y	2	Flat
£3,250	04/24	0.02 mi	Bezier Apartments, 91 City Road, Old Street, London, EC1Y	2	Flat
£3,250	04/24	0.02 mi	Bezier Apartments, 91 City Road, Old Street, London, EC1Y	2	Flat
£3,990	04/24	0.02 mi	Leonard Street, London, EC2A 4AN, UK	2	Flat
£3,500	03/24	0.02 mi	Bezier Apartments, 91 City Road, Old Street, EC1Y	2	Flat
£2,816	03/24	0.03 mi	Bezier Apartments, City Road, Old Street, London, EC1Y	2	Flat
£3,995	03/24	0.03 mi	City Road, Shoreditch	2	Flat
£3,500	03/24	0.03 mi	Bezier Apartment, EC1Y	2	Flat
£3,250	03/24	0.03 mi	Leonard Street, Shoreditch, London, EC2A	2	Flat
£4,500	03/24	0.03 mi	Leonard Street, Shoreditch, London, EC2A	2	Flat
£4,116	04/24	0.03 mi	Leonard Street, Shoreditch, London, EC2A	2	Flat
£3,575	03/24	0.04 mi	Bezier Apartments, City Road, Old Street, Shoreditch, London, EC1	2	Flat
£3,200	04/24	0.04 mi	Bezier Apartments, City Road, Old Street, Shoreditch, London, EC1	2	Flat
£3,250	05/24	0.04 mi	Bezier Apartments, 91 City Road, Old Street, Shoreditch, London, EC1Y	2	Flat
£2,750	04/24	0.04 mi	City Road, London, EC1Y	2	Flat
£3,500	03/24	0.04 mi	City Road, London, EC1Y	2	Flat
£3,250	04/24	0.05 mi	Bezier Apartments, City Road, London, EC1Y	2	Flat
£3,100	04/25	0.05 mi	-	2	Flat
£5,000	05/24	0.05 mi	Tabernacle Street, Shoreditch, EC2A	2	House
£5,000	05/24	0.05 mi	Tabernacle Street, Shoreditch, EC2A	2	Flat
£5,250	03/24	0.06 mi	Tabernacle Street, Shoreditch, EC2A	2	Flat
£5,000	03/24	0.06 mi	Tabernacle Street, Shoreditch, EC2A	2	Flat
£3,100	12/24	0.06 mi	-	2	Flat
£3,250	04/24	0.06 mi	Lexington Apartments, City Road, Old Street, London, EC1Y	2	Flat
£3,150	04/24	0.06 mi	Lexington Apartments, City Road, Old Street, London, EC1Y	2	Flat
£3,467	12/24	0.06 mi	-	2	Flat
£3,500	03/24	0.06 mi	Bezier Apartments, City Road, Islington, London, EC1Y	2	Flat
£3,683	04/24	0.07 mi	City Road, London, EC1Y	2	Flat
£2,817	04/24	0.07 mi	The Lexington, City Road, EC1Y	2	Flat
£2,752	05/24	0.07 mi	City Road, London, EC1Y	2	Flat
£3,683	06/24	0.09 mi	-	2	Flat
£3,500	04/24	0.09 mi	Mallow Street, EC1Y	2	Flat
£5,000	04/24	0.1 mi	Tabernacle Street, Shoreditch, EC2A	2	Flat
£2,950	03/24	0.11 mi	Clere Street, Shoreditch, London, EC2A	2	Flat
£3,142	05/24	0.12 mi	Clere Street, London, EC2A	2	Flat
£4,117	03/24	0.12 mi	Galileo Apartments, EC1Y	2	Flat
£3,185	03/24	0.12 mi	Tabernacle Street, London, EC2A	2	Flat
£3,012	03/24	0.12 mi	City Road London EC1V	2	Flat
£6,450	03/24	0.12 mi	-	2	Flat
£3,553	04/24	0.12 mi	Imperial Hall, London, EC1V	2	Flat
£3,553	04/24	0.12 mi	-	2	Flat
£3,185	03/24	0.12 mi	Tabernacle Street, Old Street London EC2A	2	Flat
£3,185	03/24	0.12 mi	Tabernacle Street, Old Street EC2A	2	Flat
£3,525	04/24	0.12 mi	Tabernacle Street, Old Street London EC2A	2	Flat
£3,200	05/24	0.13 mi	City Road, Shoreditch, EC1V	2	Flat

Local Area Statistics

Population in EC1	27,08227,082
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.07 miles away0.07 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 £600,000

December 11, 2024

Floor Plans

Description

Two Double Bedrooms +
Open Plan +
Juliet Balcony +
Central Shoreditch Location +
Modern +
Chain Free +

This two double bedroom flat in Shoreditch is located on the third floor with lift access and comprises two generously sized double bedrooms, one family bathroom, a hallway with large storage cupboard and an open plan kitchen and living area with Juliet balcony, providing plenty of natural light.

Leonard Street is just over 400 feet away from Old Street Station (Northern Line). The area also offers a wide range of shops, restaurants and boutiques.

Tenure: Leasehold Lease Years Remaining: 110
Service Charge: £2,808
Council Tax Band: E

Information contained within this listing is for guidance only and should be checked and confirmed (prior to proceeding).

Agent Details

Dexters, Shoreditch

020 7483 6371

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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