2 Bed Flat, Single Let, EC1V 9FL, £1,000,000

Martha's Buildings, London, EC1V 9FLV - 2 months ago

Leasehold

BTL

~127 m²

+13 photos

ValuationUndervalued

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

Square Metres	~127 m²
Price/m²	£7.9K/m²
Value Estimate	£1,210,000£1,210,000
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£250,000£250,000
Stamp Duty & Legal Fees	£92,450£92,450
Total Cash In	£342,450£342,450

Cash Out
Rent Range	£2,200 - £6,450£2,200 - £6,450
Rent Estimate	£2,363
Running Costs/mo	£3,618£3,618
Cashflow/mo	£-1,255£-1,255
Cashflow/yr	£-15,055£-15,055
Gross Yield	3%3%

Local Sold Prices

50 sold prices from £405K to £1.3M, average is £583K. £7.3K/m² to £11.9K/m², average is £10.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£432.5K	11/20	0.04 mi	Flat 15, Newland Court, Old Street, London, Greater London EC1V 9NS	-	-	2	Flat
£415K	05/21	0.09 mi	Flat 40, Braithwaite House, Bunhill Row, London, Greater London EC1Y 8NE	-	-	2	Flat
£527.5K	05/23	0.23 mi	Flat 6, Shire House, Lambs Passage, London, Greater London EC1Y 8TE	-	-	2	Flat
£506K	10/22	0.23 mi	Flat 10, Shire House, Lambs Passage, London, Greater London EC1Y 8TE	-	-	2	Flat
£490K	06/21	0.23 mi	Flat 25, Farriers House, Errol Street, London, Greater London EC1Y 8TB	-	-	2	Flat
£543K	12/22	0.25 mi	Flat 18, Burnhill House, Norman Street, London, Greater London EC1V 3PQ	-	-	2	Flat
£427.5K	07/22	0.26 mi	Flat 17, Victoria Chambers, Luke Street, London, Greater London EC2A 4EE	-	-	2	Flat
£450K	06/21	0.27 mi	Flat 27, Shoreditch House, Charles Square, London, Greater London N1 6HL	-	-	2	Flat
£460K	04/21	0.27 mi	Flat 37, Shoreditch House, Charles Square, London, Greater London N1 6HL	-	-	2	Flat
£513.5K	06/21	0.29 mi	Flat 15, Stanley Cohen House, Golden Lane Estate, London, Greater London EC1Y 0RL	-	-	2	Flat
£420K	12/20	0.3 mi	Flat 37, Charles Gardner Court, Haberdasher Street, London, Greater London N1 6DS	-	-	2	Flat
£750K	03/21	0.31 mi	Flat 25, Bayer House, Golden Lane Estate, London, Greater London EC1Y 0RN	-	-	2	Flat
£650K	04/23	0.31 mi	Flat 41, Basterfield House, Golden Lane Estate, London, Greater London EC1Y 0TR	-	-	2	Flat
£660K	04/22	0.32 mi	Flat 27, Bayer House, Golden Lane Estate, London, Greater London EC1Y 0RN	-	-	2	Flat
£663K	10/20	0.33 mi	Flat 1, Bowater House, Golden Lane Estate, London, Greater London EC1Y 0RJ	-	-	2	Flat
£500K	01/23	0.33 mi	32, Pitfield Street, London, Greater London N1 6EU	£8,065	62	2	Flat
£435K	06/23	0.34 mi	Flat 57, Finn House, Bevenden Street, London, Greater London N1 6BL	-	-	2	Flat
£940K	06/21	0.34 mi	190, Dance Square, London, Greater London EC1V 3AN	£11,899	79	2	Flat
£550K	03/21	0.34 mi	126, Haberdasher Street, London, Greater London N1 6EJ	-	-	2	Flat
£735K	05/22	0.35 mi	Flat 47, Hatfield House, Golden Lane Estate, London, Greater London EC1Y 0SU	£10,352	71	2	Flat
£1.3M	04/23	0.35 mi	Flat 519, Ben Jonson House, Barbican, London, Greater London EC2Y 8NH	-	-	2	Flat
£436K	04/23	0.37 mi	157, Haberdasher Street, London, Greater London N1 6EH	-	-	2	Flat
£616K	03/21	0.38 mi	Flat 204, Crescent House, Golden Lane Estate, London, Greater London EC1Y 0SL	-	-	2	Flat
£460K	11/23	0.4 mi	Flat 80, Royal Oak Court, Pitfield Street, London, Greater London N1 6EP	-	-	2	Flat
£830K	03/21	0.4 mi	Flat 101, Speed House, Barbican, London, Greater London EC2Y 8AU	-	-	2	Flat
£890K	07/23	0.4 mi	Flat 65, Speed House, Barbican, London, Greater London EC2Y 8AU	-	-	2	Flat
£995K	10/22	0.4 mi	Flat 109, Speed House, Barbican, London, Greater London EC2Y 8AU	-	-	2	Flat
£405K	10/21	0.4 mi	Flat 63, Royal Oak Court, Pitfield Street, London, Greater London N1 6EN	-	-	2	Flat
£435K	04/21	0.41 mi	Flat 26, Rahere House, Central Street, London, Greater London EC1V 8DE	-	-	2	Flat
£468K	12/22	0.42 mi	Flat 20, Alford Court, Shepherdess Walk, London, Greater London N1 7JW	-	-	2	Flat
£950K	01/21	0.43 mi	61a, Rivington Street, London, Greater London EC2A 3QQ	£11,728	81	2	Flat
£430K	06/21	0.43 mi	Flat 45, Alford Court, Shepherdess Walk, London, Greater London N1 7JW	-	-	2	Flat
£500K	11/20	0.43 mi	Flat 11, Fairchild House, Fanshaw Street, London, Greater London N1 6LH	-	-	2	Flat
£1.0M	11/22	0.43 mi	Flat 119, Defoe House, Barbican, London, Greater London EC2Y 8ND	-	-	2	Flat
£900K	11/21	0.44 mi	Flat 115, Defoe House, Barbican, London, Greater London EC2Y 8ND	-	-	2	Flat
£800K	10/21	0.44 mi	Flat 21, Defoe House, Barbican, London, Greater London EC2Y 8DN	-	-	2	Flat
£1.3M	06/21	0.44 mi	Flat 502, Gilbert House, Barbican, London, Greater London EC2Y 8BD	-	-	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
£425K	08/24	0.46 mi	Wenlock Court, Flat 29, New North Road, London, Greater London N1 7QR	£7,328	58	2	Flat
£835K	06/21	0.46 mi	Flat 52, Andrewes House, Barbican, London, Greater London EC2Y 8AX	-	-	2	Flat
£780K	06/21	0.46 mi	Flat 176, Andrewes House, Barbican, London, Greater London EC2Y 8BA	-	-	2	Flat
£925K	10/22	0.46 mi	Flat 126, Andrewes House, Barbican, London, Greater London EC2Y 8AY	-	-	2	Flat
£471K	02/21	0.47 mi	Flat 84, Shaftesbury Court, Shaftesbury Street, London, Greater London N1 7HN	-	-	2	Flat
£406K	04/21	0.49 mi	Flat 63, Sylvia Court, Cavendish Street, London, Greater London N1 7PG	-	-	2	Flat
£430K	03/23	0.49 mi	Flat 17, Hathaway House, Myrtle Street, London, Greater London N1 6QE	-	-	2	Flat
£880K	09/22	0.5 mi	Flat 152, Thomas More House, Barbican, London, Greater London EC2Y 8BU	-	-	2	Flat
£1.1M	01/21	0.5 mi	Flat 6, Thomas More House, Barbican, London, Greater London EC2Y 8BT	-	-	2	Flat
£1.1M	10/22	0.5 mi	Flat 4, Thomas More House, Barbican, London, Greater London EC2Y 8BT	-	-	2	Flat
£875K	07/23	0.5 mi	Flat 14, Thomas More House, Barbican, London, Greater London EC2Y 8BT	-	-	2	Flat

Local Rents

50 rents from £2.2K/mo to £6.5K/mo, average is £3.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,500	03/24	0 mi	Martha's Buildings, London, EC1V	2	Flat
£4,117	03/24	0.03 mi	Galileo Apartments, EC1Y	2	Flat
£3,500	04/24	0.04 mi	Mallow Street, EC1Y	2	Flat
£3,683	06/24	0.04 mi	-	2	Flat
£2,600	03/24	0.05 mi	Newland Court, Old Street, EC1V	2	Flat
£3,400	02/24	0.06 mi	-	2	Flat
£2,350	04/24	0.07 mi	Bath Court, Bath Street, Old Street, London, EC1V	2	Flat
£3,250	05/24	0.07 mi	Old Street, Old Street, London, EC1V	2	Flat
£2,350	02/25	0.08 mi	-	2	Flat
£2,400	12/24	0.08 mi	-	2	Flat
£2,200	03/25	0.08 mi	-	2	Flat
£3,250	04/24	0.09 mi	Bezier Apartments, City Road, London, EC1Y	2	Flat
£2,300	02/24	0.1 mi	-	2	Flat
£3,575	03/24	0.1 mi	Bezier Apartments, City Road, Old Street, Shoreditch, London, EC1	2	Flat
£3,200	04/24	0.1 mi	Bezier Apartments, City Road, Old Street, Shoreditch, London, EC1	2	Flat
£3,250	05/24	0.1 mi	Bezier Apartments, 91 City Road, Old Street, Shoreditch, London, EC1Y	2	Flat
£3,012	03/24	0.1 mi	City Road London EC1V	2	Flat
£3,500	03/24	0.1 mi	Bezier Apartments, 91 City Road, Old Street, EC1Y	2	Flat
£6,450	03/24	0.11 mi	-	2	Flat
£3,100	12/24	0.11 mi	-	2	Flat
£3,200	05/24	0.11 mi	City Road, Shoreditch, EC1V	2	Flat
£3,100	03/24	0.11 mi	Tilney Court London EC1V	2	Flat
£3,553	04/24	0.11 mi	-	2	Flat
£3,553	04/24	0.11 mi	Imperial Hall, London, EC1V	2	Flat
£3,467	12/24	0.11 mi	-	2	Flat
£2,750	04/24	0.11 mi	City Road, London, EC1Y	2	Flat
£3,995	03/24	0.11 mi	City Road, Shoreditch	2	Flat
£3,500	03/24	0.11 mi	Bezier Apartment, EC1Y	2	Flat
£2,816	03/24	0.11 mi	Bezier Apartments, City Road, Old Street, London, EC1Y	2	Flat
£3,250	04/24	0.11 mi	Leonard Street, City Road, Old Street, London, EC2A	2	Flat
£3,850	03/24	0.12 mi	Old Street, London, EC1Y	2	Flat
£3,250	04/24	0.12 mi	Bezier Apartments, 91 City Road, Old Street, London, EC1Y	2	Flat
£3,250	04/24	0.12 mi	Bezier Apartments, 91 City Road, Old Street, London, EC1Y	2	Flat
£3,500	03/24	0.12 mi	City Road, London, EC1Y	2	Flat
£3,990	04/24	0.12 mi	Leonard Street, London, EC2A 4AN, UK	2	Flat
£3,683	04/24	0.12 mi	City Road, London, EC1Y	2	Flat
£2,817	04/24	0.12 mi	The Lexington, City Road, EC1Y	2	Flat
£2,752	05/24	0.12 mi	City Road, London, EC1Y	2	Flat
£2,860	04/25	0.12 mi	-	2	Flat
£3,250	04/24	0.12 mi	Lexington Apartments, City Road, Old Street, London, EC1Y	2	Flat
£3,150	04/24	0.12 mi	Lexington Apartments, City Road, Old Street, London, EC1Y	2	Flat
£3,700	05/24	0.12 mi	Bezier Apartments, City Road, Old Street, London, EC1Y	2	Flat
£3,000	03/24	0.12 mi	Leonard Street, London, EC2A	2	Flat
£3,500	03/24	0.13 mi	Bezier Apartments, City Road, Islington, London, EC1Y	2	Flat
£3,000	04/24	0.13 mi	-	2	Flat
£2,800	06/24	0.13 mi	-	2	Flat
£2,750	02/25	0.13 mi	-	2	Flat
£2,750	12/24	0.14 mi	-	2	Flat
£2,817	05/24	0.14 mi	Leonard Street, London, EC2A	2	Flat
£3,250	04/24	0.14 mi	Bartholomew Square, Old Street, London, EC1V	2	Flat

Local Area Statistics

Population in EC1	27,08227,082
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.09 miles away0.09 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 £1,000,000

February 14, 2025

Floor Plans

Description

Chain free +
Stylish and spacious two bedroom flat +
Private and south facing balcony +
Abundance of natural light +
Stunning en-suite bathroom +
Lift access +
Bespoke joinery to create ample storage and home office space +
0.1 miles from Old Street Station +

A beautifully presented and recently renovated two bedroom, two bathroom apartment with private outside space, moments from Old Street.

Totalling approximately 1,363 square feet, this bright and spacious property comprises a stunning open-plan lounge with wooden floors and a south facing terrace looking onto a green living wall. At the back of the lounge is a sleek kitchen boasting a range cooker and ample space for a dining table and chairs.
The entrance hallway has recently undergone a transformation with the installation of bespoke storage closets, shelving, and a home office built into the joinery. There is a shower room for the second bedroom located off the hallway too. The guest bedroom easily accommodates a king bed and has space for another desk for couples who both work from home. It also benefits from built in wardrobes as does the primary bedroom, which is of extremely generous proportions. The primary bedroom also boasts an absolutely stunning en-suite bathroom, with Italian marble and a centre piece of a free-standing elliptical bathtub and a chic walk-in waterfall shower.

Old Street is a short walk from Shoreditch and the City of London for those who love the ‘work hard play hard’ mantra. Old Street Station is all of 0.1 miles away making access to the Northern Line and Overground services a breeze.

Offered chain free this is a must-see for anyone looking to upsize or claim a trophy home in the Old Street, Barbican, Angel, Clerkenwell area.

Agent Details

Stirling Ackroyd Sales, Clerkenwell

020 3873 0908

Next Steps?

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

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