3 Bed Flat, Single Let, London, N1 7LX, £2,050,000

The Factory, Old Street, N1 7LX - 3 views - 2 months ago

BTL
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£379K - £2.1M
Sold Prices/m²£4.6K/m² - £13.9K/m²

 

 

Square Metres

~93 m²
Price/m²£22K/m²

Value Estimate

£678,032

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£512,500

Stamp Duty & Legal Fees

£219,950

Total Cash In

£732,450

 

 

Cash Out

 

Rent Range

£2,500 - £7,345

Rent Estimate

£2,719

Running Costs/mo

£6,970

Cashflow/mo

£-4,251

Cashflow/yr

£-51,013

Gross Yield

2%

Local Sold Prices

50 sold prices from £379K to £2.1M, average is £650K. £4.6K/m² to £13.9K/m², average is £7K/m².

PriceDateDistanceAddressBeds 
£1.0M02/230.1 miFlat 30, Spenlow Apartments, Wenlock Road, London, Greater London N1 7GH3
£475K09/210.12 miFlat 19, Linale House, Murray Grove, London, Greater London N1 7QH3
£379K02/230.16 miFlat 83, Bletchley Court, Wenlock Street, London, Greater London N1 7NY3
£482K03/230.23 miFlat 2, Evelyn Court, Evelyn Walk, London, Greater London N1 7PJ3
£410K03/210.32 miFlat 31, Finn House, Bevenden Street, London, Greater London N1 6BN3
£640K09/210.35 miFlat 8, Quaker Court, Banner Street, London, Greater London EC1Y 8QA3
£510K11/220.36 miFlat 2, Amias House, Central Street, London, Greater London EC1V 8AA3
£750K07/220.36 miFlat 25, Quaker Court, Banner Street, London, Greater London EC1Y 8QA3
£585K06/220.36 miFlat 58, Quaker Court, Banner Street, London, Greater London EC1Y 8QB3
£457.5K11/200.37 miFlat 81, Turnpike House, Goswell Road, London, Greater London EC1V 7PD3
£630K06/210.43 miFlat 23, Midway House, Manningford Close, London, Greater London EC1V 7HP3
£581K11/220.43 miFlat 27, Midway House, Manningford Close, London, Greater London EC1V 7HP3
£585K11/200.46 miFlat 4, Tompion House, Percival Street, London, Greater London EC1V 0HU3
£500K06/210.48 mi21, Myrtle Walk, London, Greater London N1 6QF3
£700K11/210.48 miFlat 18, Basterfield House, Golden Lane Estate, London, Greater London EC1Y 0TN3
£526.5K11/200.5 mi14, Purcell Street, London, Greater London N1 6RD3
£560K12/220.53 miFlat 5, Partridge Court, Malta Street, London, Greater London EC1V 0AD3
£660K04/230.55 miFlat 32, Grimthorpe House, Percival Street, London, Greater London EC1V 0BS3
£450K03/210.57 miFlat 48, Hemsworth Court, Hobbs Place Estate, London, Greater London N1 5LD3
£1.8M10/230.58 miUpper Maisonette, 46, Duncan Terrace, London, Greater London N1 8AL3
£1.2M10/220.61 miFlat 91, Cromwell Tower, Barbican, London, Greater London EC2Y 8DD3
£1.6M06/210.61 miFlat 342, Cromwell Tower, Barbican, London, Greater London EC2Y 8NB3
£1.8M05/230.61 miFlat 312, Cromwell Tower, Barbican, London, Greater London EC2Y 8NB3
£1.6M11/200.62 mi824, Frobisher Crescent, London, Greater London EC2Y 8HD3
£495K11/230.64 miFlat 8, John Parry Court, Hare Walk, London, Greater London N1 6RN3
£970K10/220.64 mi45b, Skinner Street, London, Greater London EC1R 0HR3
£1.5M06/210.65 miFlat 302, Shakespeare Tower, Barbican, London, Greater London EC2Y 8NJ3
£1.6M10/220.65 miFlat 11, Shakespeare Tower, Barbican, London, Greater London EC2Y 8DR3
£1.6M02/230.65 miFlat 362, Shakespeare Tower, Barbican, London, Greater London EC2Y 8NJ3
£1.6M11/200.65 miFlat 141, Shakespeare Tower, Barbican, London, Greater London EC2Y 8DR3
£1.3M04/210.65 miFlat 41, Shakespeare Tower, Barbican, London, Greater London EC2Y 8DR3
£1.5M07/230.67 miFlat 5, Defoe House, Barbican, London, Greater London EC2Y 8DN3
£980K06/220.68 miBasement And Ground Floor Flat, 16, Myddelton Square, London, Greater London EC1R 1YE3
£1.3M04/210.68 miFlat 1, Speed House, Barbican, London, Greater London EC2Y 8AT3
£1.6M05/210.69 miFlat 271, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY3
£2.1M09/210.69 miFlat 263, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY3
£1.6M08/220.69 miFlat 111, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY3
£2.0M09/210.69 miFlat 233, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY3
£1.6M06/230.69 miFlat 142, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY3
£770K10/230.72 mi34, Queensbury Street, London, Greater London N1 3AD3
£475K11/230.72 mi24b, Bromfield Street, London, Greater London N1 0PZ3
£569.3K03/230.73 mi15, Claremont Close, London, Greater London N1 9LT3
£390K02/210.73 miFlat 50, St Brelades Court, De Beauvoir Estate, London, Greater London N1 5TW3
£560K01/210.74 mi19, Pelter Street, London, Greater London E2 7PE3
£490K03/210.76 miFlat 549, Fellows Court, Weymouth Terrace, London, Greater London E2 8LF3
£605K05/210.76 miFlat 9, Datchet House, Virginia Road, London, Greater London E2 7ND3
£562.5K02/210.77 miFlat 4, Wingfield House, Virginia Road, London, Greater London E2 7LZ3
£745K06/210.77 mi69a, Chapel Market, London, Greater London N1 9ER3
£485K06/210.8 mi55, Old Market Square, London, Greater London E2 7PQ3
£540K03/210.81 miFlat 11, Hume Court, Hawes Street, London, Greater London N1 2EQ3

Local Rents

50 rents from £2.5K/mo to £7.3K/mo, average is £3.8K/mo.

RentDateDistanceAddressBeds 
£2,90012/240.06 mi-3
£3,15004/250.08 mi-3
£3,15003/250.08 mi-3
£4,50004/240.1 miWenlock Road, London, N13
£4,67602/240.11 mi-3
£4,50004/240.11 miSpenlow Apartments, Wenlock Road, Angel, London, N13
£3,10012/240.12 miLinale House, Murray Grove,N13
£2,75005/240.13 mi-3
£2,70012/240.13 miBletchley Court, Bletchley Street, Old Street N13
£5,20010/230.13 miValencia Tower, 250 City Road, London, EC1V3
£5,00003/240.13 miValencia Tower, Bollinder Place, EC1V3
£5,20012/240.14 mi-3
£4,10004/250.15 mi-3
£3,10012/240.16 mi-3
£7,00003/240.16 miCanaletto Tower, 257 City Road, London, EC1V3
£3,10012/240.16 miMarie Lloyd House, Murray Grove, London, N13
£3,50003/240.17 miZeus House,Provost Street,London,N1 7NG3
£3,09012/240.17 mi-3
£2,50005/240.17 miMoneyer House, Provost Estate, London, N13
£4,50004/240.17 miSiena House, Bollinder Place, EC1V3
£7,00003/240.17 miCanaletto Tower, 257 City Road, London, EC1V3
£5,00003/240.17 miSiena House, Bollinder Place, EC1V3
£2,95012/240.2 mi-3
£5,50003/240.2 miCarrara Tower, 1 Bollinder Place, EC1V3
£4,85003/240.2 miSiena House, 250 City Road, London, EC1V3
£4,85005/240.2 miSiena House, 250 City Road, London, EC1V3
£5,00003/240.2 miValencia Tower, Bollinder Place, EC1V3
£3,40002/250.2 mi-3
£5,40005/240.2 mi-3
£5,75004/240.2 miBollinder Place, Islington, London, EC1V3
£5,75005/240.2 miBollinder Place, London, EC1V3
£4,00012/240.21 miCube Building, 17-22 Wenlock Road, London, N13
£7,34504/240.21 miCity Road London EC1V3
£3,00005/240.21 miPaterson Court, Peerless Street, Clerkenwell, London, EC1V3
£3,20004/250.21 mi-3
£5,00003/240.21 miChronicle Tower, City Road, EC1V3
£6,00003/240.21 miChronicle Tower, 261B City Road, EC1V3
£6,00012/240.21 miChronicle Tower, City Road, EC1V3
£3,31505/240.21 mi-3
£3,31512/240.21 mi-3
£3,85012/240.22 mi-3
£3,30003/240.22 mi-3
£3,14205/240.23 miShaftesbury Street, Hoxton3
£3,30012/240.23 mi-3
£3,77003/240.23 miBook House, City Road, EC1V3
£3,10004/250.23 mi-3
£3,00012/240.23 mi-3
£3,50012/240.23 mi-3
£3,31512/240.23 miEast Road, Old Street, N13
£3,80004/250.23 mi-3

Local Area Statistics

Population in N1

89,893

Population in London

4,771,921

Town centre distance

0.60 miles away

Nearest school

0.20 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

-6%

Property History

Listed for £2,050,000

February 11, 2025

Floor Plans

Description

  • Three bedroom loft apartment +
  • 1788 sq/ft of lateral living space +
  • Balcony +
  • Share of freehold +
  • Sold with no onward chain +
  • Concierge and allocated parking space +
  • Service Charge: £8542 per year +
  • Ground Rent: £150 +
  • Council Tax Band - G +

Nestled in the heart of Tech City, The Factory is a celebrated warehouse conversion by the renowned Manhattan Loft Corporation. This iconic development masterfully combines industrial heritage with modern luxury, offering a distinctive living experience in one of London’s most dynamic districts.

This expansive three-bedroom loft apartment spans an impressive 1,788 square feet, boasting soaring ceilings that amplify the sense of space. Located on the 2nd floor, the property benefits from lift access and features a vast reception room with a sleek, open-plan Poliform kitchen fitted with state-of-the-art Gaggenau appliances, perfectly suited for both entertaining and everyday living. The apartment includes two generously sized bedrooms, a contemporary Antonio Frattini-designed bathroom, and a versatile storage or dressing room, all thoughtfully appointed to the highest standards.

Paying homage to its industrial roots, the apartment is adorned with original warehouse features such as exposed brickwork, crittall windows, and traditional loading doors that open onto a charming Juliette balcony. Complementing these timeless elements are luxury finishes, including Mooi feature wallpaper, which adds a touch of refined elegance to the space. Residents also enjoy a share of the Freehold, an allocated parking space, a tranquil internal communal courtyard, and the convenience of a dedicated porter service.

Situated on Nile Street, The Factory offers exceptional connectivity, with Old Street station (Northern Line and National Rail) just a short stroll away, providing seamless access across London. Multiple bus routes further enhance the property’s transport links, ensuring convenience for both work and leisure.

The Factory’s enviable location near Wenlock Basin places it at the crossroads of Shoreditch, Hoxton, and Clerkenwell, offering a wealth of trendy bars, acclaimed restaurants, and boutique shops. Residents can also take advantage of nearby cultural landmarks, recreational spaces, and everyday amenities, making this the perfect base for an active and vibrant lifestyle.

Agent Details

Urban Spaces, Loft Living & Unique Properties

020 3910 0873

Next Steps?

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