3 Bed Flat, Single Let, EC1Y 8QB, £560,000

Banner Street, Clerkenwell, EC1Y 8QB - 2 views - 2 months ago

Leasehold

BTL

~93 m²

+9 photos

ValuationUndervalued

Sold Prices	£379K - £2.1M
Sold Prices/m²	£5.5K/m² - £13.9K/m²

Square Metres	~93 m²
Price/m²	£6K/m²
Value Estimate	£689,862£689,862
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£140,000£140,000
Stamp Duty & Legal Fees	£33,500£33,500
Total Cash In	£173,500£173,500

Cash Out
Rent Range	£1,550 - £8,500£1,550 - £8,500
Rent Estimate	£2,250
Running Costs/mo	£2,220£2,220
Cashflow/mo	£30£30
Cashflow/yr	£360£360
ROI	0%0%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £379K to £2.1M, average is £680K. £5.5K/m² to £13.9K/m², average is £7.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£585K	06/22	0 mi	Flat 58, Quaker Court, Banner Street, London, Greater London EC1Y 8QB	-	-	3	Flat
£750K	07/22	0.01 mi	Flat 25, Quaker Court, Banner Street, London, Greater London EC1Y 8QA	-	-	3	Flat
£640K	09/21	0.05 mi	Flat 8, Quaker Court, Banner Street, London, Greater London EC1Y 8QA	-	-	3	Flat
£510K	11/22	0.18 mi	Flat 2, Amias House, Central Street, London, Greater London EC1V 8AA	-	-	3	Flat
£700K	11/21	0.2 mi	Flat 18, Basterfield House, Golden Lane Estate, London, Greater London EC1Y 0TN	-	-	3	Flat
£1.2M	10/22	0.25 mi	Flat 91, Cromwell Tower, Barbican, London, Greater London EC2Y 8DD	-	-	3	Flat
£1.6M	06/21	0.25 mi	Flat 342, Cromwell Tower, Barbican, London, Greater London EC2Y 8NB	-	-	3	Flat
£1.8M	05/23	0.25 mi	Flat 312, Cromwell Tower, Barbican, London, Greater London EC2Y 8NB	-	-	3	Flat
£1.6M	11/20	0.27 mi	824, Frobisher Crescent, London, Greater London EC2Y 8HD	£13,889	117	3	Flat
£1.5M	06/21	0.3 mi	Flat 302, Shakespeare Tower, Barbican, London, Greater London EC2Y 8NJ	-	-	3	Flat
£1.6M	10/22	0.3 mi	Flat 11, Shakespeare Tower, Barbican, London, Greater London EC2Y 8DR	-	-	3	Flat
£1.6M	02/23	0.3 mi	Flat 362, Shakespeare Tower, Barbican, London, Greater London EC2Y 8NJ	-	-	3	Flat
£1.6M	11/20	0.3 mi	Flat 141, Shakespeare Tower, Barbican, London, Greater London EC2Y 8DR	-	-	3	Flat
£1.3M	04/21	0.3 mi	Flat 41, Shakespeare Tower, Barbican, London, Greater London EC2Y 8DR	-	-	3	Flat
£1.3M	04/21	0.32 mi	Flat 1, Speed House, Barbican, London, Greater London EC2Y 8AT	-	-	3	Flat
£1.5M	07/23	0.33 mi	Flat 5, Defoe House, Barbican, London, Greater London EC2Y 8DN	-	-	3	Flat
£1.6M	05/21	0.36 mi	Flat 271, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY	-	-	3	Flat
£2.1M	09/21	0.36 mi	Flat 263, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY	-	-	3	Flat
£1.6M	08/22	0.36 mi	Flat 111, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY	-	-	3	Flat
£2.0M	09/21	0.36 mi	Flat 233, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY	-	-	3	Flat
£1.6M	06/23	0.36 mi	Flat 142, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY	-	-	3	Flat
£457.5K	11/20	0.42 mi	Flat 81, Turnpike House, Goswell Road, London, Greater London EC1V 7PD	-	-	3	Flat
£585K	11/20	0.43 mi	Flat 4, Tompion House, Percival Street, London, Greater London EC1V 0HU	-	-	3	Flat
£1.0M	02/23	0.44 mi	Flat 30, Spenlow Apartments, Wenlock Road, London, Greater London N1 7GH	-	-	3	Flat
£560K	12/22	0.47 mi	Flat 5, Partridge Court, Malta Street, London, Greater London EC1V 0AD	-	-	3	Flat
£475K	09/21	0.47 mi	Flat 19, Linale House, Murray Grove, London, Greater London N1 7QH	-	-	3	Flat
£660K	04/23	0.49 mi	Flat 32, Grimthorpe House, Percival Street, London, Greater London EC1V 0BS	-	-	3	Flat
£410K	03/21	0.49 mi	Flat 31, Finn House, Bevenden Street, London, Greater London N1 6BN	-	-	3	Flat
£379K	02/23	0.51 mi	Flat 83, Bletchley Court, Wenlock Street, London, Greater London N1 7NY	-	-	3	Flat
£630K	06/21	0.54 mi	Flat 23, Midway House, Manningford Close, London, Greater London EC1V 7HP	£7,418	85	3	Flat
£482K	03/23	0.55 mi	Flat 2, Evelyn Court, Evelyn Walk, London, Greater London N1 7PJ	-	-	3	Flat
£581K	11/22	0.57 mi	Flat 27, Midway House, Manningford Close, London, Greater London EC1V 7HP	-	-	3	Flat
£970K	10/22	0.59 mi	45b, Skinner Street, London, Greater London EC1R 0HR	-	-	3	Flat
£500K	06/21	0.64 mi	21, Myrtle Walk, London, Greater London N1 6QF	-	-	3	Flat
£526.5K	11/20	0.74 mi	14, Purcell Street, London, Greater London N1 6RD	£5,542	95	3	Flat
£605K	05/21	0.76 mi	Flat 9, Datchet House, Virginia Road, London, Greater London E2 7ND	-	-	3	Flat
£562.5K	02/21	0.78 mi	Flat 4, Wingfield House, Virginia Road, London, Greater London E2 7LZ	-	-	3	Flat
£980K	06/22	0.79 mi	Basement And Ground Floor Flat, 16, Myddelton Square, London, Greater London EC1R 1YE	-	-	3	Flat
£560K	01/21	0.81 mi	19, Pelter Street, London, Greater London E2 7PE	£6,512	86	3	Flat
£1.3M	11/21	0.81 mi	11a, Whites Row, London, Greater London E1 7NF	£13,432	93	3	Flat
£495K	11/23	0.83 mi	Flat 8, John Parry Court, Hare Walk, London, Greater London N1 6RN	-	-	3	Flat
£450K	03/21	0.84 mi	Flat 48, Hemsworth Court, Hobbs Place Estate, London, Greater London N1 5LD	-	-	3	Flat
£485K	06/21	0.84 mi	55, Old Market Square, London, Greater London E2 7PQ	£6,775	72	3	Flat
£1.8M	10/23	0.85 mi	Upper Maisonette, 46, Duncan Terrace, London, Greater London N1 8AL	-	-	3	Flat
£569.3K	03/23	0.88 mi	15, Claremont Close, London, Greater London N1 9LT	-	-	3	Flat
£472.5K	04/21	0.88 mi	7, Tomlinson Close, London, Greater London E2 7LJ	£6,217	76	3	Flat
£490K	03/21	0.89 mi	Flat 549, Fellows Court, Weymouth Terrace, London, Greater London E2 8LF	-	-	3	Flat
£810K	12/22	0.89 mi	Flat 18, Redman House, Portpool Lane, London, Greater London EC1N 7UA	-	-	3	Flat
£1.0M	09/23	0.97 mi	20, Cruikshank Street, London, Greater London WC1X 9HF	£11,038	91	3	Flat
£475K	11/23	0.97 mi	24b, Bromfield Street, London, Greater London N1 0PZ	-	-	3	Flat

Local Rents

50 rents from £1.6K/mo to £8.5K/mo, average is £4.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,250	03/24	0 mi	Banner Street, London	3	Flat
£2,250	04/24	0 mi	Banner Street, London	3	Flat
£3,000	02/24	0.09 mi	-	3	Flat
£4,500	04/24	0.12 mi	Garrett Street, London, EC1Y	3	Terraced House
£5,000	12/24	0.14 mi	Mallow Street, London, EC1Y	3	Flat
£4,117	03/24	0.15 mi	Mallow Street, London, EC1Y	3	Flat
£4,250	02/25	0.15 mi	-	3	Flat
£3,200	02/25	0.15 mi	-	3	Flat
£5,000	03/24	0.15 mi	Mallow Street, EC1Y	3	Flat
£3,748	05/24	0.16 mi	Lamb's Passage, Moorgate	3	Flat
£3,300	03/24	0.18 mi	-	3	Flat
£7,790	04/24	0.18 mi	City Road, London, EC1Y 2AN, UK	3	Flat
£3,850	12/24	0.18 mi	-	3	Flat
£5,500	05/24	0.19 mi	Chronicle Tower,City Road, London	3	Flat
£5,000	03/24	0.19 mi	43 Golden Lane, Barbican, London	3	Flat
£4,767	03/24	0.19 mi	Old Street, Old Street, London, EC1V	3	Flat
£3,000	05/24	0.2 mi	Paterson Court, Peerless Street, Clerkenwell, London, EC1V	3	Flat
£5,100	03/24	0.21 mi	Central Street, Clerkenwell, EC1V	3	Terraced House
£1,550	02/25	0.24 mi	-	3	Flat
£7,345	04/24	0.28 mi	City Road London EC1V	3	Flat
£4,500	03/24	0.29 mi	Central Street, Islington	3	Flat
£5,997	03/24	0.29 mi	Moor Lane, City of London	3	Flat
£8,333	04/25	0.3 mi	-	3	Flat
£5,995	03/24	0.3 mi	Moor Lane, London, EC2Y	3	Flat
£6,067	05/24	0.3 mi	The Heron, 5 Moor Lane, EC2Y	3	Flat
£5,995	03/24	0.3 mi	Moor Lane, London, EC2Y	3	Flat
£4,300	12/24	0.3 mi	-	3	Flat
£4,200	02/25	0.3 mi	-	3	Flat
£5,750	05/24	0.3 mi	5 Moor Lane, London, EC2Y	3	Flat
£4,500	03/24	0.3 mi	Central Street Londom EC1V	3	Flat
£4,100	04/25	0.31 mi	-	3	Flat
£4,676	02/24	0.31 mi	-	3	Flat
£4,498	03/24	0.31 mi	Barbican, Cromwell Tower	3	Flat
£3,500	03/24	0.31 mi	Zeus House,Provost Street,London,N1 7NG	3	Flat
£3,300	05/24	0.34 mi	-	3	Flat
£5,200	10/23	0.34 mi	Valencia Tower, 250 City Road, London, EC1V	3	Flat
£5,000	03/24	0.34 mi	Valencia Tower, Bollinder Place, EC1V	3	Flat
£5,850	04/24	0.36 mi	The Heron, 5 Moor Lane, EC2Y	3	Flat
£3,875	03/24	0.36 mi	Great Sutton Street, London, EC1V	3	Flat
£3,875	03/24	0.36 mi	Great Sutton Street, Clerkenwell London EC1V	3	Flat
£3,878	03/24	0.36 mi	Great Sutton Street , Clerkenwell / Farringdon EC1V	3	Flat
£3,875	03/24	0.36 mi	Great Sutton Street, London, EC1V	3	Flat
£5,200	12/24	0.36 mi	-	3	Flat
£7,500	03/24	0.38 mi	Hewett Street, Shoreditch, London, EC2A	3	Flat
£8,500	05/24	0.39 mi	One Crown Place, Sun Street, EC2A	3	Flat
£3,000	03/24	0.39 mi	Harold Laski House, Percival Street, London	3	Flat
£2,900	12/24	0.4 mi	-	3	Flat
£5,000	03/24	0.4 mi	Valencia Tower, Bollinder Place, EC1V	3	Flat
£4,500	04/24	0.4 mi	Siena House, Bollinder Place, EC1V	3	Flat
£5,000	03/24	0.4 mi	Siena House, Bollinder Place, EC1V	3	Flat

Local Area Statistics

Population in EC1	27,08227,082
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.20 miles away0.20 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 £560,000

February 21, 2025

Floor Plans

Description

Three double bedrooms +
Spacious reception +
Top two floors +
Large kitchen +
Private balcony +
Chain-free and vacant +
Old Street Tube 350m +
EPC rating: D +

A bright and welcoming three bedroom, split-level flat located on a quiet street moments from three tube stations with central Shoreditch and Whitecross Street nearby. Presented chain-free.
This desirable home is ideal for families with three bedrooms, a spacious reception and a private balcony with west-facing views.

Ideally set over the top two floors and corner plot of the building. Exceptional value with great amenities nearby.

Agent Details

Kinleigh Folkard & Hayward - Sales, Clerkenwell - Sales

020 3910 6357

Next Steps?

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

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