2 Bed Flat, Single Let, EC1N 7SP, £550,000

Bourne Estate, Portpool Lane, London, EC1N 7SPN - 1 views - 3 months ago

Leasehold
BTL
ROI: 1%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£370K - £5.3M
Sold Prices/m²£8.7K/m² - £12.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£8.1K/m²

Value Estimate

£671,000
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Total Cash In

£170,200

 

 

Cash Out

 

Rent Range

£1,998 - £5,500

Rent Estimate

£2,392

Running Costs/mo

£2,217

Cashflow/mo

£175

Cashflow/yr

£2,098

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £370K to £5.3M, average is £785K. £8.7K/m² to £12.7K/m², average is £10.4K/m².

PriceDateDistanceAddressBeds 
£490K12/210.04 miFlat 25, Redman House, Portpool Lane, London, Greater London EC1N 7UA2
£420K02/220.08 miFlat 3, Cranley Buildings, Brookes Market, London, Greater London EC1N 7SY2
£607.5K09/210.23 mi15, Rosebery Court, London, Greater London EC1R 5HP2
£560K08/230.23 mi6, Rosebery Court, London, Greater London EC1R 5HP2
£1.0M05/210.27 miFlat 9, Three Cups Yard, Sandland Street, London, Greater London WC1R 4PZ2
£960K03/220.28 miApartment 12, The Old School, Princeton Street, London, Greater London WC1R 4AY2
£1.1M11/220.28 miApartment 8, The Old School, Princeton Street, London, Greater London WC1R 4AY2
£750K08/220.28 miFlat 8, Three Cups Yard, Sandland Street, London, Greater London WC1R 4PZ2
£1.0M05/210.28 miFlat 9, Three Cups Yard, Sandland Street, London, Greater London WC1R 4PZ2
£1.1M11/220.34 mi9, Kingsway Place, London, Greater London EC1R 0LU2
£1.0M04/230.34 mi17, Kingsway Place, London, Greater London EC1R 0LU2
£790K03/210.34 mi43a, Sekforde Street, London, Greater London EC1R 0HA2
£708K08/220.38 mi11, Attneave Street, London, Greater London WC1X 0DT2
£730K07/230.4 mi21a, Sekforde Street, London, Greater London EC1R 0HL2
£374K06/220.41 miFlat 154, Michael Cliffe House, Skinner Street, London, Greater London EC1R 0LN2
£930K07/230.42 miFlat 148, Clifford's Inn, Fetter Lane, London, Greater London EC4A 1BY2
£596K11/220.42 miFlat G, 165, Gray's Inn Road, London, Greater London WC1X 8UE2
£615K07/230.46 miFlat A, Bevan House, Boswell Street, London, Greater London WC1N 3BT2
£565K04/220.46 miFlat 45, Charles Rowan House, Margery Street, London, Greater London WC1X 0EH2
£560K02/210.46 miFlat 16, Spring House, Margery Street, London, Greater London WC1X 0HT2
£680K09/210.46 miFlat 17, Spring House, Margery Street, London, Greater London WC1X 0HT2
£550K12/230.46 miFlat 7, Spring House, Margery Street, London, Greater London WC1X 0HT2
£540K10/220.47 miFlat 77, Patrick Coman House, Skinner Street, London, Greater London EC1V 4NY2
£575K06/210.47 miFlat 14, Earlom House, Margery Street, London, Greater London WC1X 0HX2
£545K08/230.47 miFlat 23, Gwynne House, Lloyd Baker Street, London, Greater London WC1X 9BG2
£1.1M08/230.48 miFlat 17, Bristol House, Southampton Row, London, Greater London WC1B 4BA2
£515K11/220.49 miFlat 52, Tompion House, Percival Street, London, Greater London EC1V 0HX2
£492K08/230.49 miFlat 27, Greenaway House, Fernsbury Street, London, Greater London WC1X 0HZ2
£370K07/230.51 miFlat 13, Wyclif Court, Wyclif Street, London, Greater London EC1V 0EL2
£5.3M06/230.52 miThird Floor, 43, Charterhouse Square, London, Greater London EC1M 6EW2
£838K03/210.53 mi1c, Heathcote Street, London, Greater London WC1N 2AL2
£830K10/210.53 mi39b, Wharton Street, London, Greater London WC1X 9PG2
£976K09/220.55 miFlat 15, Downing Court, Grenville Street, London, Greater London WC1N 1LX2
£1.4M11/220.55 miFlat 10, Lytton Court, Barter Street, London, Greater London WC1A 2AH2
£890K12/230.56 miFlat 5, Lytton Court, Barter Street, London, Greater London WC1A 2AH2
£1.4M07/230.57 mi8, Prideaux Place, London, Greater London WC1X 9PP2
£616K03/210.58 miFlat 204, Crescent House, Golden Lane Estate, London, Greater London EC1Y 0SL2
£1.4M03/230.58 mi7a, Bloomsbury Square, London, Greater London WC1A 2LP2
£515K09/220.59 miFlat 32, Tunbridge House, St John Street, London, Greater London EC1R 4TT2
£950K01/220.59 miFlat 8, Amen Lodge, Warwick Lane, London, Greater London EC4M 7BY2
£800K09/230.6 mi16a, Great Percy Street, London, Greater London WC1X 9QW2
£1.4M05/210.6 miFlat 16, Pied Bull Court, Galen Place, London, Greater London WC1A 2JR2
£850K06/210.6 miFlat 3, Pied Bull Court, Galen Place, London, Greater London WC1A 2JR2
£735K05/220.6 miFlat 47, Hatfield House, Golden Lane Estate, London, Greater London EC1Y 0SU2
£850K06/210.61 miFlat 3, Pied Bull Court, Galen Place, London, Greater London WC1A 2JR2
£1.7M10/230.62 mi35, Great Percy Street, London, Greater London WC1X 9RD2
£925K11/220.62 miFlat 122, O'donnell Court, Brunswick Centre, London, Greater London WC1N 1AQ2
£780K02/230.62 miFlat 209, Foundling Court, Brunswick Centre, London, Greater London WC1N 1QG2
£680K05/210.62 miFlat 90, Foundling Court, Brunswick Centre, London, Greater London WC1N 1QG2
£965K10/220.63 mi15a, Myddelton Square, London, Greater London EC1R 1YE2

Local Rents

51 rents from £2K/mo to £5.5K/mo, average is £3.1K/mo.

RentDateDistanceAddressBeds 
£2,85004/240.03 mi-2
£3,00002/250.03 mi-2
£3,01205/240.04 miFrewell House, Clerkenwell, London, EC1N2
£4,50012/240.04 mi-2
£4,50005/240.04 miEquiano Court, London, EC1N2
£3,25004/240.06 miHatton Wall, Clerkenwell, London, EC1N2
£2,99012/240.06 mi-2
£2,75012/240.07 mi-2
£2,75012/240.07 mi-2
£4,00003/240.07 miHatton Wall, EC1N2
£4,50003/240.07 miHatton Wall London EC1N2
£4,00004/240.07 miHatton Wall London EC1N2
£4,00004/240.08 miHatton Wall, London, EC1N2
£2,99510/240.08 mi-2
£2,99910/240.08 mi-2
£2,75011/240.08 mi-2
£3,00003/240.09 miHatton Garden, Farringdon2
£3,00005/240.09 miHatton Garden, Farringdon2
£3,00005/240.09 miHatton Garden, London, EC1N2
£3,75004/240.09 mi-2
£3,75003/240.09 miKinetic House, London, EC1N2
£2,38403/240.1 miClerkenwell Road, Farringdon, London, EC1R2
£2,57905/240.1 miClerkenwell Road, Farringdon, London, EC1R2
£3,46705/240.1 miHatton Garden, London, EC1N2
£1,99804/240.1 miClerkenwell Road, Clerkenwell2
£5,50004/240.11 miSummers Street, Clerkenwell, London, EC1R2
£4,95005/240.11 miSummers Street, Clerkenwell, London, EC1R2
£3,57510/240.12 miGrays Inn Road, Bloomsbury, London, WC1X2
£2,75005/240.12 miVine Hill, London, EC1R2
£3,00004/240.12 mi18-20 Laystall Street, Farringdon, London, EC1R2
£4,95012/240.13 miSummers Street, Farringdon2
£5,00003/240.14 mi60 66 Saffron Hill Clerkenwell EC1N2
£5,00004/240.14 mi60 66 Saffron Hill Clerkenwell EC1N2
£4,20003/240.14 miZiggurat Building, 60-66 Saffron Hill, London, EC1N2
£4,50004/240.14 miSaffron Hill, Clerkenwell, London, EC1N2
£2,88004/240.14 mi-2
£3,60004/240.14 miVesage Court, 8a Leather Lane, London, EC1N2
£2,81710/240.14 mi-2
£2,81710/240.14 mi-2
£3,01204/250.14 mi-2
£5,00005/240.15 miHerbal Hill Gardens, London, EC1R2
£5,00004/240.15 mi-2
£3,12004/240.16 miHerbal Hill, London, EC1R2
£4,00005/240.16 miHerbal Hill London EC1R2
£3,25002/250.16 mi-2
£3,22810/240.17 miHigh Holborn, Holborn, London, WC1V2
£2,40005/240.17 miThe Montgomery Building, Farringdon2
£3,66210/240.17 mi-2
£2,70003/240.18 miWarner Street, Clerkenwell2
£2,99003/240.18 miCity View Apartments, 29A Saffron Hill, London, EC1N2
£2,80010/240.19 miGray's Inn Road, London, WC1X2

Local Area Statistics

Population in EC1

27,082

Nearest school

0.40 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Buyer's market

Capital growth (5yrs)

-2%

Property History

Listed for £550,000

January 29, 2025

Floor Plans

Description

  • Ideal for buy-to-let investors +
  • Estimated rent of £2,500 or 5.5% yield +
  • Two bedrooms +
  • Low-rise 'Red Brick' ex-local authority +
  • Walking distance to 'The City'

Fantastic transport links +

  • No onward chain +

Located in the Bourne Estate moments from Hatton Garden is this compact two bedroom, two bathroom apartment.

The property comprises a gally kitchen, tiled shower/bathroom, separate lounge/dining space, two double bedrooms, one of which has access to an en-suite shower room. The flat also benefits from sole access to an external storage unit, which whilst not demised to the flat has been used for years without issue.

The Bourne Estate is a well looked after low-rise red-brick ex local authority block and the flat would make an ideal step onto the ladder for a young professional. It should additionally appeal to buy–to–let investors with an expected rent of £2,500, the asking price would produce a 5.5% yield.

Clerkenwell and Farringdon are renowned for Michelin starred restaurants, gastropubs, delicious street markets, and fantastic transport links.

St Paul’s, Smithfield’s, ‘The City’ and its financial district are all within walking distance whilst the West End is only a short bus ride or leisurely stroll away. Farringdon is also going to benefit from dramatic investment into the nearby Smithfield Meat Market where there are plans to develop this beautiful and historic structure into a new ‘Covent Garden styled piazza’ with a mixed-use site which will include the new Museum of London, events space and a series of shops and restaurants.

The nearest transport link is, Farringdon Station, makes getting around London easy. Farringdon offers access to the Elizabeth, Hammersmith and City, and Metropolitan Line, in addition to overground services which provide easy access to Gatwick and Luton Airports.

Agent Details

Stirling Ackroyd Sales, Clerkenwell

020 3873 0908

Next Steps?

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