Flat 1, 56
Flat 1, 56
Description & Estimates
According to the public record, Flat 1, 56, Old Street is a modern leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 1, 56, Old Street is £532,691 and the estimated rental value is £2,892 per month.
The apartment is within 56, Old Street, London, EC1.
Old Street, London, EC1 is located in the borough of Islington within the EC1 postal district.
Our Data Sources
Flat 1, 56, Old Street has a single entry in the Land Registry from January 2015 and a single entry in the EPC database dated September 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 1, 56, Old Street is in very good condition we estimate a sale value of £559,326 and a rental value of £3,036 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £495,403 and a rental value of £2,689 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 1, 56, Old Street has dropped by £7,708 (1.4%), while its estimated rental value has risen by £160 per month (5.5%). Based on current estimates, the property offers a gross rental yield of 6.5%.
Energy Efficiency
Flat 1, 56, Old Street has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 05 Sep 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Air source heat pump, underfloor, electric.
Sold Prices
According to HM Land Registry, Flat 1, 56, Old Street was last sold on 9th January 2015 for £510,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since January 2015, the market for similar properties has dropped by 18.2%.
- Sold Jan 2015£510,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 56, Old Street within a radius of 200 metres over the last 2 years.
The most recent example is Flat 1, Aperture House 6, Honduras Street, London, EC1Y 0TH, a leasehold flat which sold for £594,195 on the 20th September 2024.
Read more about house prices in EC1.
- Sold Sep 2024£594,195 | 2 Bed FlatFlat 1, Aperture House 6, Honduras Street, London, EC1Y 0THFlat 1, Aperture House 6, Honduras Street, London, EC1Y 0TH
- Sold Feb 2024£500,000 | 2 Bed Flat134, Dance Square, London, EC1V 3AL134, Dance Square, London, EC1V 3AL
- Sold Apr 2022£510,000 | 2 Bed FlatFlat 9, Aperture House 6, Honduras Street, London, EC1Y 0THFlat 9, Aperture House 6, Honduras Street, London, EC1Y 0TH
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Old Street, London, EC1 has a total of 601 addresses. According to our analysis of all the public data, Flat 1, 56, Old Street is the 502nd largest and the 412th most expensive property on the street.
When compared to the postcode district it is £111k less expensive than the average property in EC1.
More reading links
Schools Nearby
- 100mCity of London Primary Academy, Islington
- 300mPrior Weston Primary School and Children's Centre
- 400mSt Peter and St Paul Catholic Primary School
- 700mCentral Foundation Boys' School
- 1.4kmCity of London Academy Islington
- 1.5kmElizabeth Garrett Anderson School
More reading links
Public Transport Nearby
The closest station to Flat 1, 56, Old Street is Barbican station, which is 400 metres away.
- 400mBarbican
- 500mOld Street
- 600mMoorgate
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
