2 Bed Flat, Single Let, EC1Y 8QE, £800,000

Britannia Lofts, 16-26 Banner Street, Finsbury, London, EC1Y 8QEY - 1 views - 3 months ago

Leasehold

BTL

~68 m²

+10 photos

ValuationOvervalued

Sold Prices	£375K - £5.3M
Sold Prices/m²	£8K/m² - £11.9K/m²

Square Metres	~68.11 m²
Price/m²	£11.7K/m²
Value Estimate	£705,093£705,093

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£200,000£200,000
Stamp Duty & Legal Fees	£52,700£52,700
Total Cash In	£252,700£252,700

Cash Out
Rent Range	£2,000 - £4,117£2,000 - £4,117
Rent Estimate	£2,319
Running Costs/mo	£2,984£2,984
Cashflow/mo	£-665£-665
Cashflow/yr	£-7,978£-7,978
Gross Yield	3%3%

Local Sold Prices

50 sold prices from £375K to £5.3M, average is £661.5K. £8K/m² to £11.9K/m², average is £10.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£415K	05/21	0.05 mi	Flat 40, Braithwaite House, Bunhill Row, London, Greater London EC1Y 8NE	-	-	2	Flat
£432.5K	11/20	0.1 mi	Flat 15, Newland Court, Old Street, London, Greater London EC1V 9NS	-	-	2	Flat
£490K	06/21	0.15 mi	Flat 25, Farriers House, Errol Street, London, Greater London EC1Y 8TB	-	-	2	Flat
£527.5K	05/23	0.16 mi	Flat 6, Shire House, Lambs Passage, London, Greater London EC1Y 8TE	-	-	2	Flat
£506K	10/22	0.16 mi	Flat 10, Shire House, Lambs Passage, London, Greater London EC1Y 8TE	-	-	2	Flat
£513.5K	06/21	0.2 mi	Flat 15, Stanley Cohen House, Golden Lane Estate, London, Greater London EC1Y 0RL	-	-	2	Flat
£750K	03/21	0.21 mi	Flat 25, Bayer House, Golden Lane Estate, London, Greater London EC1Y 0RN	-	-	2	Flat
£650K	04/23	0.21 mi	Flat 41, Basterfield House, Golden Lane Estate, London, Greater London EC1Y 0TR	-	-	2	Flat
£543K	12/22	0.21 mi	Flat 18, Burnhill House, Norman Street, London, Greater London EC1V 3PQ	-	-	2	Flat
£660K	04/22	0.22 mi	Flat 27, Bayer House, Golden Lane Estate, London, Greater London EC1Y 0RN	-	-	2	Flat
£663K	10/20	0.23 mi	Flat 1, Bowater House, Golden Lane Estate, London, Greater London EC1Y 0RJ	-	-	2	Flat
£735K	05/22	0.25 mi	Flat 47, Hatfield House, Golden Lane Estate, London, Greater London EC1Y 0SU	£10,352	71	2	Flat
£1.3M	04/23	0.26 mi	Flat 519, Ben Jonson House, Barbican, London, Greater London EC2Y 8NH	-	-	2	Flat
£940K	06/21	0.28 mi	190, Dance Square, London, Greater London EC1V 3AN	£11,899	79	2	Flat
£616K	03/21	0.28 mi	Flat 204, Crescent House, Golden Lane Estate, London, Greater London EC1Y 0SL	-	-	2	Flat
£427.5K	07/22	0.33 mi	Flat 17, Victoria Chambers, Luke Street, London, Greater London EC2A 4EE	-	-	2	Flat
£830K	03/21	0.33 mi	Flat 101, Speed House, Barbican, London, Greater London EC2Y 8AU	-	-	2	Flat
£890K	07/23	0.33 mi	Flat 65, Speed House, Barbican, London, Greater London EC2Y 8AU	-	-	2	Flat
£995K	10/22	0.33 mi	Flat 109, Speed House, Barbican, London, Greater London EC2Y 8AU	-	-	2	Flat
£1.0M	11/22	0.34 mi	Flat 119, Defoe House, Barbican, London, Greater London EC2Y 8ND	-	-	2	Flat
£900K	11/21	0.35 mi	Flat 115, Defoe House, Barbican, London, Greater London EC2Y 8ND	-	-	2	Flat
£800K	10/21	0.35 mi	Flat 21, Defoe House, Barbican, London, Greater London EC2Y 8DN	-	-	2	Flat
£450K	06/21	0.36 mi	Flat 27, Shoreditch House, Charles Square, London, Greater London N1 6HL	-	-	2	Flat
£460K	04/21	0.36 mi	Flat 37, Shoreditch House, Charles Square, London, Greater London N1 6HL	-	-	2	Flat
£1.3M	06/21	0.36 mi	Flat 502, Gilbert House, Barbican, London, Greater London EC2Y 8BD	-	-	2	Flat
£910K	12/20	0.39 mi	Flat 340, Willoughby House, Barbican, London, Greater London EC2Y 8BL	-	-	2	Flat
£975K	02/23	0.39 mi	Flat 518, Willoughby House, Barbican, London, Greater London EC2Y 8BN	-	-	2	Flat
£420K	12/20	0.39 mi	Flat 37, Charles Gardner Court, Haberdasher Street, London, Greater London N1 6DS	-	-	2	Flat
£435K	04/21	0.39 mi	Flat 26, Rahere House, Central Street, London, Greater London EC1V 8DE	-	-	2	Flat
£835K	06/21	0.4 mi	Flat 52, Andrewes House, Barbican, London, Greater London EC2Y 8AX	-	-	2	Flat
£780K	06/21	0.4 mi	Flat 176, Andrewes House, Barbican, London, Greater London EC2Y 8BA	-	-	2	Flat
£925K	10/22	0.4 mi	Flat 126, Andrewes House, Barbican, London, Greater London EC2Y 8AY	-	-	2	Flat
£5.3M	06/23	0.41 mi	Third Floor, 43, Charterhouse Square, London, Greater London EC1M 6EW	-	-	2	Flat
£880K	09/22	0.41 mi	Flat 152, Thomas More House, Barbican, London, Greater London EC2Y 8BU	-	-	2	Flat
£875K	06/23	0.41 mi	Flat 90, Thomas More House, Barbican, London, Greater London EC2Y 8BU	-	-	2	Flat
£1.1M	01/21	0.41 mi	Flat 6, Thomas More House, Barbican, London, Greater London EC2Y 8BT	-	-	2	Flat
£1.1M	10/22	0.41 mi	Flat 4, Thomas More House, Barbican, London, Greater London EC2Y 8BT	-	-	2	Flat
£875K	07/23	0.41 mi	Flat 14, Thomas More House, Barbican, London, Greater London EC2Y 8BT	-	-	2	Flat
£500K	01/23	0.43 mi	32, Pitfield Street, London, Greater London N1 6EU	£8,065	62	2	Flat
£435K	06/23	0.43 mi	Flat 57, Finn House, Bevenden Street, London, Greater London N1 6BL	-	-	2	Flat
£550K	03/21	0.44 mi	126, Haberdasher Street, London, Greater London N1 6EJ	-	-	2	Flat
£468K	12/22	0.46 mi	Flat 20, Alford Court, Shepherdess Walk, London, Greater London N1 7JW	-	-	2	Flat
£436K	04/23	0.46 mi	157, Haberdasher Street, London, Greater London N1 6EH	-	-	2	Flat
£430K	06/21	0.47 mi	Flat 45, Alford Court, Shepherdess Walk, London, Greater London N1 7JW	-	-	2	Flat
£375K	10/20	0.47 mi	Flat 19, Finn House, Bevenden Street, London, Greater London N1 6BN	-	-	2	Flat
£460K	11/23	0.49 mi	Flat 80, Royal Oak Court, Pitfield Street, London, Greater London N1 6EP	-	-	2	Flat
£405K	10/21	0.5 mi	Flat 63, Royal Oak Court, Pitfield Street, London, Greater London N1 6EN	-	-	2	Flat
£515K	11/22	0.51 mi	Flat 52, Tompion House, Percival Street, London, Greater London EC1V 0HX	-	-	2	Flat
£950K	01/21	0.51 mi	61a, Rivington Street, London, Greater London EC2A 3QQ	£11,728	81	2	Flat
£850K	04/21	0.53 mi	65, Graham Street, London, Greater London N1 8LA	£8,017	106	2	Flat

Local Rents

50 rents from £2K/mo to £4.1K/mo, average is £3K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,100	03/24	0.04 mi	Tilney Court London EC1V	2	Flat
£2,300	02/24	0.05 mi	-	2	Flat
£3,400	02/24	0.06 mi	-	2	Flat
£4,117	03/24	0.08 mi	Galileo Apartments, EC1Y	2	Flat
£3,500	03/24	0.1 mi	Martha's Buildings, London, EC1V	2	Flat
£2,500	12/24	0.1 mi	-	2	Flat
£2,600	03/24	0.1 mi	Newland Court, Old Street, EC1V	2	Flat
£3,250	04/24	0.11 mi	Bartholomew Square, Old Street, London, EC1V	2	Flat
£2,750	02/25	0.12 mi	-	2	Flat
£2,750	12/24	0.12 mi	-	2	Flat
£4,070	03/24	0.12 mi	Bartholomew Square, London, EC1V 3QH, UK	2	Flat
£2,350	04/24	0.12 mi	Bath Court, Bath Street, Old Street, London, EC1V	2	Flat
£3,000	02/24	0.12 mi	-	2	Flat
£3,500	04/24	0.12 mi	Mallow Street, EC1Y	2	Flat
£2,817	03/24	0.13 mi	Banner Street, Clerkenwell, EC1Y	2	Flat
£3,683	06/24	0.13 mi	-	2	Flat
£3,250	05/24	0.14 mi	Old Street, Old Street, London, EC1V	2	Flat
£2,500	03/25	0.15 mi	-	2	Flat
£3,100	12/24	0.16 mi	-	2	Flat
£3,250	04/24	0.16 mi	City Rise, Old Street, EC1V	2	Flat
£2,650	06/24	0.16 mi	-	2	Flat
£2,850	12/24	0.16 mi	-	2	Flat
£2,650	05/24	0.16 mi	Old Street, London, EC1V	2	Flat
£4,000	04/24	0.16 mi	Old Street, Hoxton, EC1V	2	Flat
£3,467	12/24	0.16 mi	-	2	Flat
£2,600	04/24	0.16 mi	-	2	Flat
£2,650	04/24	0.16 mi	-	2	Flat
£2,750	02/25	0.16 mi	-	2	Flat
£2,750	03/24	0.16 mi	Ii Floor, London, EC1Y	2	Flat
£2,650	04/24	0.16 mi	Ii Floor, London, EC1Y	2	Flat
£3,683	04/24	0.16 mi	City Road, London, EC1Y	2	Flat
£2,817	04/24	0.16 mi	The Lexington, City Road, EC1Y	2	Flat
£2,752	05/24	0.16 mi	City Road, London, EC1Y	2	Flat
£3,500	03/24	0.16 mi	Old Street, London, EC1V 9AN, UK	2	Flat
£3,000	03/24	0.16 mi	-	2	Flat
£2,050	03/25	0.16 mi	-	2	Flat
£2,350	02/25	0.16 mi	-	2	Flat
£2,400	12/24	0.16 mi	-	2	Flat
£2,200	03/25	0.16 mi	-	2	Flat
£3,250	04/24	0.17 mi	Lexington Apartments, City Road, Old Street, London, EC1Y	2	Flat
£3,150	04/24	0.17 mi	Lexington Apartments, City Road, Old Street, London, EC1Y	2	Flat
£2,750	04/24	0.17 mi	City Road, London, EC1Y	2	Flat
£4,000	12/24	0.18 mi	-	2	Flat
£2,000	04/24	0.18 mi	-	2	Flat
£2,925	03/24	0.18 mi	1 Lamb's Passage, London, EC1Y	2	Flat
£3,500	03/24	0.18 mi	Bezier Apartments, 91 City Road, Old Street, EC1Y	2	Flat
£3,250	04/24	0.18 mi	Bezier Apartments, City Road, London, EC1Y	2	Flat
£3,575	03/24	0.18 mi	Bezier Apartments, City Road, Old Street, Shoreditch, London, EC1	2	Flat
£3,200	04/24	0.18 mi	Bezier Apartments, City Road, Old Street, Shoreditch, London, EC1	2	Flat
£3,250	05/24	0.18 mi	Bezier Apartments, 91 City Road, Old Street, Shoreditch, London, EC1Y	2	Flat

Local Area Statistics

Population in EC1	27,08227,082
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.19 miles away0.19 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 £800,000

January 29, 2025

Floor Plans

Description

Two bedrooms +
Loft style +
Central location +
Third Floor +
Open plan kitchen reception +
Chain free +
EPC Rating = D +

Two bedroom loft style apartment.

Description

Spacious two bedroom apartment offered for sale in Britannia Lofts.

Located on the third floor of the building, the property is approximately 921 square feet with a generous open plan reception room/kitchen, two bedrooms and two bathrooms (one en suite). The living space has double doors opening out to a Juliet balcony facing the rear of the building.

The block contains eighteen residential apartments and the landlord is committed to a schedule of improvements which will include replacing of windows and upgrading communal areas.

The property is offered to the market chain free. Please note, the photographs used for marketing purposes were taken in May 2024.

Location

Banner Street is a one-way street, located between Old Street (0.2 miles) and Clerkenwell (1.0 mile).

Slightly south is Moorgate (0.7 miles) and to the north is Angel (0.2 miles), Islington (1.3 miles) and Upper Street (1.4 miles).

Banner Street is at adjacent to Whitecross Street (475 feet), renowned for its fantastic lunchtime food market. There is also a large Waitrose nearby (0.2 miles) and an array of pubs and cafés in the area.

The nearest stations are Old Street (520 yards), Moorgate (610 yards), London Liverpool Street (0.6 miles), Farringdon (0.6 miles) and Shoreditch High Street (0.6 miles) which offer access to the London underground (Northern, Metropolitan, Hammersmith & City, Circle and Elizabeth Lines), National Rai, Thameslink, and the London Overground (Windrush Line).

Please note, all distances are approximate. Source: google.co.uk & streetcheck.co.uk.

Square Footage: 886 sq ft
Leasehold with approximately 999 years remaining.

Additional Info

Holding Deposit : £530.77 ( 1 week )
Deposit Payable : £2,653.85 ( 5 weeks )
Minimum Term : 12 months

Rent must be paid monthly in advance

Agent Details

Savills, Clerkenwell

020 3910 6023

Next Steps?

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

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