3 Bed Terraced House, Single Let, London, EC1M 6DD, £3,500,000

Faulkners Alley, EC1M 6DD - 2 months ago

BTL
~274 m²
+21 photos

ValuationOvervalued

Sold Prices£1.0M - £3.2M
Sold Prices/m²£9.5K/m² - £20.1K/m²

 

 

Square Metres

~273.90 m²
Price/m²£12.8K/m²

Value Estimate

£3,092,154

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£875,000

Stamp Duty & Legal Fees

£507,450

Total Cash In

£1,382,450

 

 

Cash Out

 

Rent Range

£808 - £32,500

Rent Estimate

£2,995

Running Costs/mo

£11,557

Cashflow/mo

£-8,561

Cashflow/yr

£-102,738

Gross Yield

1%

Local Sold Prices

44 sold prices from £1.0M to £3.2M, average is £1.6M. £9.5K/m² to £20.1K/m², average is £11.4K/m².

PriceDateDistanceAddressBeds 
£3.2M08/220.09 mi54, Britton Street, London, Greater London EC1M 5UQ3
£2.2M02/230.31 mi29, Sekforde Street, London, Greater London EC1R 0HH3
£1.9M03/220.39 mi12, Baltic Street East, London, Greater London EC1Y 0UJ3
£1.8M09/210.47 mi7, North Mews, London, Greater London WC1N 2JP3
£1.6M08/220.49 mi14, Tysoe Street, London, Greater London EC1R 4RQ3
£1.9M07/230.51 mi35, Johns Mews, Holborn, London, Greater London WC1N 2NB3
£2.0M12/230.53 mi8a, Brownlow Mews, London, Greater London WC1N 2LD3
£1.9M11/200.53 mi8, Brownlow Mews, London, Greater London WC1N 2LD3
£1.1M06/210.58 mi16, Wynyatt Street, London, Greater London EC1V 7HU3
£1.4M06/220.59 mi20, Rawstorne Street, London, Greater London EC1V 7NH3
£1.4M04/240.6 mi49, Lloyd Baker Street, London, Greater London WC1X 9AA3
£2.0M12/230.61 mi29, Doughty Mews, London, Greater London WC1N 2PF3
£1.3M04/220.62 mi15, Pakenham Street, London, Greater London WC1X 0LG3
£1.0M02/210.62 mi13, Hermit Street, London, Greater London EC1V 7NR3
£1.0M02/210.62 mi13, Hermit Street, London, Greater London EC1V 7NR3
£1.8M02/230.63 mi34, Lloyd Baker Street, London, Greater London WC1X 9AB3
£1.5M11/200.64 mi9, Paget Street, London, Greater London EC1V 7PA3
£1.5M04/220.64 mi11, Paget Street, London, Greater London EC1V 7PA3
£1.7M11/220.69 mi47, Wharton Street, London, Greater London WC1X 9PA3
£1.1M02/220.71 mi7, Sidney Grove, London, Greater London EC1V 7LP3
£1.1M06/210.74 mi3, Remington Street, London, Greater London N1 8DH3
£1.6M06/210.75 mi30, Haverstock Street, London, Greater London N1 8DL3
£1.5M07/230.75 mi12, Haverstock Street, London, Greater London N1 8DL3
£1.1M02/230.76 mi22, Nelson Place, London, Greater London N1 8DQ3
£1.3M06/240.77 mi4, Coombs Street, London, Greater London N1 8DJ3
£1.4M06/210.78 mi7, Nelson Terrace, London, Greater London N1 8DG3
£1.5M05/210.78 mi12, Nelson Terrace, London, Greater London N1 8DG3
£1.6M05/220.78 mi10, Nelson Terrace, London, Greater London N1 8DG3
£2.0M11/220.78 mi11, Nelson Terrace, London, Greater London N1 8DG3
£1.6M02/240.81 mi11, Elia Street, London, Greater London N1 8DE3
£1.3M02/210.82 mi34, Sudeley Street, London, Greater London N1 8HW3
£1.4M02/210.82 mi17, Sudeley Street, London, Greater London N1 8HP3
£1.9M02/240.82 mi8, Quick Street, London, Greater London N1 8HL3
£1.9M04/240.82 mi12, Quick Street, London, Greater London N1 8HL3
£1.3M05/230.86 mi129, Graham Street, London, Greater London N1 8LB3
£1.6M12/200.9 mi7, Danbury Street, London, Greater London N1 8LD3
£1.3M02/210.9 mi17, Danbury Street, London, Greater London N1 8LD3
£1.9M08/210.91 mi61, Noel Road, London, Greater London N1 8HE3
£2.4M05/230.91 mi69, Noel Road, London, Greater London N1 8HE3
£1.7M02/240.91 mi63, Noel Road, London, Greater London N1 8HE3
£2.6M11/220.91 mi55, Noel Road, London, Greater London N1 8HE3
£3.0M06/230.92 mi23, Gerrard Road, London, Greater London N1 8AY3
£2.4M04/240.95 mi27, Burgh Street, London, Greater London N1 8HG3
£1.6M05/240.99 mi9, Charlton Place, London, Greater London N1 8AQ3

Local Rents

50 rents from £808/mo to £32.5K/mo, average is £4.1K/mo.

RentDateDistanceAddressBeds 
£3,96512/240.03 mi-3
£6,50003/240.03 miBritton Street, EC1M3
£4,00004/240.07 miFarringdon Road, Farrington, EC1M3
£6,50003/240.08 miCowcross Street, London, EC1M3
£3,25003/240.09 miFarringdon Road, Farringdon3
£4,00003/240.12 miSaffron Hill, London, EC1N3
£4,50012/240.15 miClerkenwell Road, EC1M3
£3,99905/240.15 mi-3
£5,20003/240.16 miSt. John's Square, London, EC1V3
£3,50103/240.18 miSaffron Hill, EC1N3
£80804/240.18 miSaffron Hill, EC1N3
£4,00004/240.18 miHatton Place, EC1N3
£32,50003/240.18 miLeo Yard, Clerkenwell, EC1V3
£5,20005/240.19 miSt Johns Square, Clerkenwell, EC1V3
£4,00004/250.2 mi-3
£4,20004/250.2 mi-3
£3,80012/240.24 mi-3
£4,55004/250.24 mi-3
£5,50003/240.25 miDickinson Court, 15 Brewhouse Yard, EC1V3
£3,87503/240.28 miGreat Sutton Street, Clerkenwell London EC1V3
£3,87803/240.28 miGreat Sutton Street , Clerkenwell / Farringdon EC1V3
£3,87503/240.28 miGreat Sutton Street, London, EC1V3
£3,87503/240.28 miGreat Sutton Street, London, EC1V3
£3,25003/240.3 mi-3
£4,60004/240.3 miLeeds Court, St. John Street, EC1V3
£4,95001/250.3 mi-3
£4,95002/250.3 mi-3
£6,06704/240.32 miDyers Building, Holborn, EC1N3
£3,25012/240.32 mi-3
£3,00010/230.34 miGrimthorpe House, Percival Street EC1V3
£3,80004/240.35 miPortpool Lane, Farringdon, London, EC1N3
£1,55002/250.35 mi-3
£2,99512/240.38 mi-3
£4,44204/240.39 miPrinters Inn Court, London, EC4A3
£3,50012/240.39 mi-3
£5,00003/240.4 mi43 Golden Lane, Barbican, London3
£2,70003/250.41 mi-3
£3,50004/250.41 mi-3
£3,00012/240.42 mi-3
£5,18010/240.43 miManuscript Court, Paragon Square, WC1X3
£3,35004/240.44 miExmouth Market, London, EC1R3
£5,00010/240.44 miGreenford House, WC1X3
£4,80010/240.44 miParagon Square, London, WC1X3
£4,70010/240.44 miManuscript Court, Paragon Square, WC1X3
£4,99910/240.44 miPhoenix Place, London3
£12,32003/240.44 miLudgate Hill, London, EC4M3
£5,85010/240.44 miWarwick Court, Holborn, WC1R3
£5,50010/240.44 miWarwick Court, London, WC1R3
£4,33304/240.44 miRed Lion Court, London, EC4A3
£5,20002/240.44 mi-3

Local Area Statistics

Population in ec1m

2,129

Population in London

4,771,921

Town centre distance

0.53 miles away

Nearest school

0.20 miles away

Nearest train station

0.05 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-16%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £3,500,000

March 3, 2025

Floor Plans

Description

  • 2948 Sq. ft - 273 Sq. m +
  • Freehold +
  • Loft House +
  • Unique Home +

Dating to the 1870’s, this Splendid freehold Victorian Loft House is located in the Charterhouse Square conservation area believed to originally be part of the Orlando Vidler warehouse development in Cowcross Street and later the home of the Tinfoil Decorative painting company.

Faulkner’s Alley’s routes can be traced as far back as the late 1600’s when it appeared on Ogilby’s maps with its name deriving from the Falcon bird, a pair which still inhabits the local area.

Over the years the house has been transformed into a wonderful home with numerous prominent features highlighted, such as exposed brick work, arches, original flooring and sash windows.

The house offers flexible yet versatile accommodation with some rooms offering exceptional ceiling height of 20ft (6 meters). The current layout offers a home gym area, utility room and shower room in the basement, a formal reception room on the ground floor and the most comfortable kitchen/dining/living space on the first floor.

There are two double bedrooms and guest bathroom on the second floor whilst on the top floor a magnificent principal bedroom suite with soaring ceiling heights, apex window, walk in closet, Corian fronted wardrobes and drawers and ensuite shower room.

A glass reinforced staircase leads to a private and secluded roof terrace designed by the RIBA architects Jake Ireland. This incredible roof extension and terrace have featured in “Don’t Move Improve,” Architects Journal building library as well as being the finalist in Structural Timber Awards 2023.

The space created is an innovative, sustainable and sculptural design which fits so seamlessly with its surroundings, with the remodelled area using Siberian larch glulam structural frame, plywood, Corten steel and glass panel enclosure and an eco-friendly “Ecodec” flooring. The perforations over the door that lead onto the terrace are based on the “Penrose aperiodic tiling” named after the mathematician Roger Penrose.

Faulkner’s Alley is one of the few hidden treasures remaining in Clerkenwell, blink and you will miss it. With a security gate fronting onto Cowcross street which is closed in the evening and a refined office developed which meets a BREEAM excellent rating fronting onto Benjamin Street, where a further gate is closed in the evening.

Yet for all its privacy, it is moments from Farringdon Underground and Mainline Station with access to the Circle, Metropolitan and Hammersmith and City lines, National rail and the Elizabeth Line. In fact, it is one of the only stations in London that offers north-south as well as east – west connections, making the city, Canary Wharf and London's west end easily accessible, not to mention easy access to Kings Cross St Pancras with its Eurostar terminus.

Clerkenwell first became a fashionable place to live in the 17th century as a destination where Londoners enjoyed tea gardens, theatres and spas: you are still able to still see part of Clerks’ Well after which Clerkenwell was named. The area later became famous as a centre for clock and watchmaking alongside the jewellers and goldsmiths of Hatton Garden. It remains one of the best-preserved village centres in central London – a vibrant modern community with a fascinatingly rich history.

Clerkenwell has been described as the London equivalent of New York’s East Village, but with more notable and diverse architecture and a rich history. With great shopping and tremendous diversity of acclaimed restaurants, bars, galleries and wine bars it remains one of London’s best kept secrets.

This is truly an exceptional and incredibly special Clerkenwell home.

Agent Details

Hurford Salvi Carr, City

020 3907 3659

Next Steps?

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