2 Bed Flat, Single Let, London, N1 7NA, £780,000

Wellesley Terrace, N1 7NA - 3 months ago

Leasehold

BTL

~81 m²

+12 photos

ValuationUndervalued

Sold Prices	£370K - £1.3M
Sold Prices/m²	£7.3K/m² - £12K/m²

Square Metres	~81.40 m²
Price/m²	£9.6K/m²
Value Estimate	£858,581£858,581
BMV	10%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£195,000£195,000
Stamp Duty & Legal Fees	£51,100£51,100
Total Cash In	£246,100£246,100

Cash Out
Rent Range	£1,850 - £4,983£1,850 - £4,983
Rent Estimate	£2,494
Running Costs/mo	£2,956£2,956
Cashflow/mo	£-462£-462
Cashflow/yr	£-5,548£-5,548
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £370K to £1.3M, average is £514.3K. £7.3K/m² to £12K/m², average is £10.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£468K	12/22	0.11 mi	Flat 20, Alford Court, Shepherdess Walk, London, Greater London N1 7JW	-	-	2	Flat
£430K	06/21	0.12 mi	Flat 45, Alford Court, Shepherdess Walk, London, Greater London N1 7JW	-	-	2	Flat
£471K	02/21	0.2 mi	Flat 84, Shaftesbury Court, Shaftesbury Street, London, Greater London N1 7HN	-	-	2	Flat
£435K	04/21	0.21 mi	Flat 26, Rahere House, Central Street, London, Greater London EC1V 8DE	-	-	2	Flat
£543K	12/22	0.23 mi	Flat 18, Burnhill House, Norman Street, London, Greater London EC1V 3PQ	-	-	2	Flat
£850K	04/21	0.24 mi	65, Graham Street, London, Greater London N1 8LA	£8,017	106	2	Flat
£406K	04/21	0.28 mi	Flat 63, Sylvia Court, Cavendish Street, London, Greater London N1 7PG	-	-	2	Flat
£432.5K	11/20	0.28 mi	Flat 15, Newland Court, Old Street, London, Greater London EC1V 9NS	-	-	2	Flat
£425K	08/24	0.3 mi	Wenlock Court, Flat 29, New North Road, London, Greater London N1 7QR	£7,328	58	2	Flat
£420K	12/20	0.3 mi	Flat 37, Charles Gardner Court, Haberdasher Street, London, Greater London N1 6DS	-	-	2	Flat
£435K	06/23	0.3 mi	Flat 57, Finn House, Bevenden Street, London, Greater London N1 6BL	-	-	2	Flat
£940K	06/21	0.32 mi	190, Dance Square, London, Greater London EC1V 3AN	£11,899	79	2	Flat
£525K	11/20	0.34 mi	68, Theseus Walk, London, Greater London N1 8DS	-	-	2	Flat
£550K	03/21	0.35 mi	126, Haberdasher Street, London, Greater London N1 6EJ	-	-	2	Flat
£436K	04/23	0.36 mi	157, Haberdasher Street, London, Greater London N1 6EH	-	-	2	Flat
£375K	10/20	0.36 mi	Flat 19, Finn House, Bevenden Street, London, Greater London N1 6BN	-	-	2	Flat
£560K	07/23	0.36 mi	Flat 11, Langdon Court, City Road, London, Greater London EC1V 1LH	-	-	2	Flat
£415K	05/21	0.39 mi	Flat 40, Braithwaite House, Bunhill Row, London, Greater London EC1Y 8NE	-	-	2	Flat
£795K	02/21	0.4 mi	73b, St Peters Street, London, Greater London N1 8JR	£10,743	74	2	Flat
£550K	12/20	0.41 mi	33, Elia Street, London, Greater London N1 8DF	£9,483	58	2	Flat
£650K	03/23	0.42 mi	Flat 35, Moorgreen House, Wynyatt Street, London, Greater London EC1V 7JA	-	-	2	Flat
£500K	01/23	0.43 mi	32, Pitfield Street, London, Greater London N1 6EU	£8,065	62	2	Flat
£450K	06/21	0.43 mi	Flat 27, Shoreditch House, Charles Square, London, Greater London N1 6HL	-	-	2	Flat
£460K	04/21	0.43 mi	Flat 37, Shoreditch House, Charles Square, London, Greater London N1 6HL	-	-	2	Flat
£405K	10/21	0.44 mi	Flat 63, Royal Oak Court, Pitfield Street, London, Greater London N1 6EN	-	-	2	Flat
£745K	03/21	0.45 mi	Flat B, 22, Paget Street, London, Greater London EC1V 7PA	£12,016	62	2	Flat
£500K	11/20	0.45 mi	Flat 11, Fairchild House, Fanshaw Street, London, Greater London N1 6LH	-	-	2	Flat
£460K	11/23	0.45 mi	Flat 80, Royal Oak Court, Pitfield Street, London, Greater London N1 6EP	-	-	2	Flat
£1.2M	06/21	0.46 mi	20, Gerrard Road, London, Greater London N1 8AY	-	-	2	Flat
£650K	04/23	0.47 mi	Flat 41, Basterfield House, Golden Lane Estate, London, Greater London EC1Y 0TR	-	-	2	Flat
£735K	05/22	0.47 mi	Flat 47, Hatfield House, Golden Lane Estate, London, Greater London EC1Y 0SU	£10,352	71	2	Flat
£635K	06/21	0.48 mi	49c, St Peters Street, London, Greater London N1 8JP	-	-	2	Flat
£513.5K	06/21	0.49 mi	Flat 15, Stanley Cohen House, Golden Lane Estate, London, Greater London EC1Y 0RL	-	-	2	Flat
£660K	04/22	0.49 mi	Flat 27, Bayer House, Golden Lane Estate, London, Greater London EC1Y 0RN	-	-	2	Flat
£515K	11/22	0.49 mi	Flat 52, Tompion House, Percival Street, London, Greater London EC1V 0HX	-	-	2	Flat
£750K	03/21	0.49 mi	Flat 25, Bayer House, Golden Lane Estate, London, Greater London EC1Y 0RN	-	-	2	Flat
£490K	06/21	0.49 mi	Flat 25, Farriers House, Errol Street, London, Greater London EC1Y 8TB	-	-	2	Flat
£370K	07/23	0.5 mi	Flat 13, Wyclif Court, Wyclif Street, London, Greater London EC1V 0EL	-	-	2	Flat
£430K	03/23	0.5 mi	Flat 17, Hathaway House, Myrtle Street, London, Greater London N1 6QE	-	-	2	Flat
£1.3M	06/21	0.5 mi	10, Coleman Fields, London, Greater London N1 7AG	£11,176	116	2	Flat
£720K	03/23	0.51 mi	235, New North Road, London, Greater London N1 7AT	-	-	2	Flat
£527.5K	05/23	0.51 mi	Flat 6, Shire House, Lambs Passage, London, Greater London EC1Y 8TE	-	-	2	Flat
£506K	10/22	0.51 mi	Flat 10, Shire House, Lambs Passage, London, Greater London EC1Y 8TE	-	-	2	Flat
£515K	09/22	0.51 mi	Flat 32, Tunbridge House, St John Street, London, Greater London EC1R 4TT	-	-	2	Flat
£616K	03/21	0.51 mi	Flat 204, Crescent House, Golden Lane Estate, London, Greater London EC1Y 0SL	-	-	2	Flat
£663K	10/20	0.52 mi	Flat 1, Bowater House, Golden Lane Estate, London, Greater London EC1Y 0RJ	-	-	2	Flat
£500K	01/23	0.53 mi	Flat 27, Celia House, Arden Estate, London, Greater London N1 6RB	-	-	2	Flat
£427.5K	07/22	0.54 mi	Flat 17, Victoria Chambers, Luke Street, London, Greater London EC2A 4EE	-	-	2	Flat
£540K	10/22	0.55 mi	Flat 77, Patrick Coman House, Skinner Street, London, Greater London EC1V 4NY	-	-	2	Flat
£600K	09/21	0.55 mi	Flat C, 43, Colebrooke Row, London, Greater London N1 8AF	£11,765	51	2	Flat

Local Rents

52 rents from £1.9K/mo to £5K/mo, average is £3.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,999	05/24	0.02 mi	The Arc, 225 City Road, EC1V	2	Flat
£4,500	12/24	0.03 mi	-	2	Flat
£4,345	12/24	0.03 mi	-	2	Flat
£4,345	03/25	0.03 mi	-	2	Flat
£4,345	12/24	0.03 mi	-	2	Flat
£4,345	03/25	0.03 mi	-	2	Flat
£3,500	01/25	0.03 mi	-	2	Flat
£2,900	05/24	0.04 mi	-	2	Flat
£2,650	05/24	0.04 mi	-	2	Flat
£2,400	12/24	0.04 mi	-	2	Flat
£2,750	03/25	0.04 mi	-	2	Flat
£2,950	05/24	0.04 mi	Wellesley Terrace, London, N1	2	Flat
£4,000	05/24	0.04 mi	The Arc, City Road, EC1V	2	Flat
£4,700	05/24	0.05 mi	Nile Street, London, N1	2	Flat
£4,150	12/24	0.05 mi	The Factory, 1 Nile Street, N1	2	Flat
£3,791	12/24	0.05 mi	Nile Street, London, N1	2	Flat
£4,000	05/24	0.06 mi	The Arc, 225 City Road, EC1V	2	Flat
£3,995	12/24	0.06 mi	-	2	Flat
£4,300	12/24	0.06 mi	-	2	Flat
£4,550	12/24	0.06 mi	-	2	Flat
£4,550	12/24	0.06 mi	-	2	Flat
£4,000	05/24	0.06 mi	The Arc, EC1V	2	Flat
£3,750	05/24	0.06 mi	Lawrence, City Road, Clerkenwell, London, EC1V	2	Flat
£4,766	05/24	0.06 mi	The Arc, 225 City Road, London, EC1V	2	Flat
£3,200	03/24	0.07 mi	City Road, London	2	Flat
£3,400	04/24	0.07 mi	City Road, City Road	2	Flat
£3,500	04/24	0.07 mi	City Road, Islington	2	Flat
£3,250	05/24	0.07 mi	Micawber Wharf, Micawber Street, London, N1	2	Flat
£2,950	05/24	0.07 mi	Underwood Street, London, N1	2	Flat
£4,983	05/24	0.07 mi	Underwood Street London N1	2	Flat
£3,600	04/24	0.07 mi	Lawrence House, City Road, Clerkenwell, London, EC1V	2	Flat
£4,117	03/24	0.07 mi	Canaletto Tower, 257 City Road, Islington, London EC1V	2	Flat
£1,850	03/24	0.07 mi	Shepherdess Walk, London, N1	2	Flat
£3,200	03/24	0.07 mi	Lawrence House, City Road, Old Street, London, EC1V	2	Flat
£3,400	03/24	0.07 mi	City Road, Islington, London, EC1V	2	Flat
£3,200	03/24	0.07 mi	City Road, Old Street, London, EC1V	2	Flat
£3,600	03/24	0.07 mi	Lawrence House, City Road, Clerkenwell, London, EC1V	2	Flat
£3,400	03/24	0.07 mi	City Road, Islington, London, EC1V	2	Flat
£3,500	03/24	0.07 mi	City Road, Old Street, London, EC1V	2	Flat
£3,500	04/24	0.07 mi	Lawrence House, City Road, Clerkenwell, London, EC1V	2	Flat
£3,500	04/24	0.07 mi	238, City Road, London, EC1V	2	Flat
£3,575	05/24	0.08 mi	Spenlow Apartments, Wenlock Road, N1	2	Flat
£3,200	04/24	0.08 mi	238 City Road, London, EC1V	2	Flat
£3,500	03/24	0.08 mi	CITY ROAD, 2385 City Road London, EC1V	2	Flat
£3,500	03/24	0.08 mi	City Road, Old Street, London, EC1V	2	Flat
£3,100	03/24	0.08 mi	Spenlow Apartments, London, N1	2	Flat
£3,575	05/24	0.08 mi	Wenlock Road London N1	2	Flat
£3,450	04/24	0.08 mi	Spenlow Apartments, N1	2	Flat
£3,920	03/24	0.08 mi	Sienna House, London EC1V	2	Flat
£4,983	12/24	0.08 mi	Underwood Street, Islington, N1 7LY	2	Flat
£3,800	04/24	0.08 mi	Vermont House, 250 City Road, London, EC1V	2	Flat
£3,900	03/24	0.08 mi	Sienna House, London EC1V	2	Flat

Local Area Statistics

Population in N1	89,89389,893
Population in London	4,771,9214,771,921
Town centre distance	0.56 miles away0.56 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.35 miles away0.35 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-6%-6%

Property History

Listed for £780,000

January 29, 2025

Floor Plans

Description

Two Bedrooms - Two Bathrooms +
876 Sq ft - 81.4 Sq m +
4th Floor +
EWS1 Available +

A very bright, two-bedroom apartment located on the 4th floor of this boutique-style development on City Road, between Old Street and Angel stations.

This corner aspect flat comprises an entrance/corridor with storage and utility room, a large kitchen/living area with floor-to-ceiling windows leading into a long south-facing balcony, a large “main” bedroom with ensuite bathroom, large built-in wardrobe, and direct access to the balcony, a second bedroom with a built-in wardrobe, and spacious family bathroom. The flat is provided with underfloor heating.

The building is ideally located on City Road, close to the Regent's Canal footpath, which leads towards Angel in one direction, Victoria Park in the other and "The City" on the doorstep.

Shepherdess Walk Park is just a few steps from the building’s entrance. The fashionable shops, bars, and restaurants of Islington, Clerkenwell, Shoreditch and Hoxton are a short walk distance.

The nearest underground station is on Old Street (Northern Line). City Road provides excellent bus links to the City, the West End and north to St Pancras International, with high-speed rail connections to continental Europe.

Agent Details

Hurford Salvi Carr, Islington & Shoreditch

020 3907 3465

Next Steps?

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

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