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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, Flat 2, 56, Old Street is a modern leasehold apartment with 548 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 2, 56, Old Street is £493,040 and the estimated rental value is £2,702 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.
Flat 2, 56, Old Street has 2 entries in the Land Registry , most recently in December 2022 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.
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 2, 56, Old Street is in very good condition we estimate a sale value of £517,692 and a rental value of £2,838 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £458,527 and a rental value of £2,513 per month.
Over the last 12 months the sale value of Flat 2 56 Old Street has decreased by an estimated £7,134 (1.4%) and its rental value has increased by an estimated £150 per month (5.5%), giving an expected gross yield of 6.6%.
Flat 2, 56, Old Street has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 20 Sep 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Air source heat pump, underfloor, electric.
According to HM Land Registry, Flat 2, 56, Old Street was last sold on 21st December 2022 for £532,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since December 2022, the market for similar properties has dropped 12.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 56, Old Street within a radius of 200 metres over the last 2 years.
The most recent example is 134, Dance Square, London, EC1V 3AL, a leasehold flat which sold for £500,000 on the 23rd February 2024.
Read more about house prices in EC1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Old Street, London, EC1 has a total of 601 addresses. According to our analysis of all the public data, Flat 2, 56, Old Street is the 519th largest and the 444th most expensive property on the street.
When compared to the postcode district it is £151k less expensive than the average property in EC1.
The closest station to Flat 2, 56, Old Street is Barbican station which is 400 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, 56, Old Street, 61.2% of property is socially rented and 26.5% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 2, 56, Old Street, 19.8% of residents are recorded as possessing school level qualifications and 46.2% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 2, 56, Old Street, the average age was 34.7 and the most common age was 27.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 2, 56, Old Street, 0.6% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 2, 56, Old Street, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
