Flat 3, 56
Flat 3, 56
Description & Estimates
Public records show Flat 3, 56, Old Street to be a modern leasehold apartment with 538 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 3, 56, Old Street has an estimated sale value of £486,298 and an estimated rental value of £2,670 per month, assuming reasonable condition and based on the information available.
The apartment sits within 56, Old Street, London, EC1.
Old Street, London, EC1 lies in the borough of Islington, within the EC1 postal district.
Our Data Sources
Flat 3, 56, Old Street has 2 entries in the Land Registry , most recently in November 2013 and a single entry in the EPC database dated March 2023.
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
In very good condition, we estimate Flat 3, 56, Old Street would be worth £510,613, with a potential rental value of £2,803 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £452,257, with a rental value of £2,483 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 3, 56, Old Street has declined by £7,036 (1.4%) over the last year. During the same period, its estimated monthly rental value has climbed by £148 (5.5%). The property's estimated gross yield is currently 6.6%.
Energy Efficiency
Flat 3, 56, Old Street has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 30 Mar 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Air source heat pump, underfloor, electric.
Sold Prices
Flat 3, 56, Old Street last changed hands on 7th November 2013, selling for £530,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has dropped by 6.4% since November 2013.
- Sold Nov 2013£530,000
- Sold Apr 2013£452,240
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 200 metres of Flat 3, 56, Old Street across the last 2 years.
Most recently, Flat 2, 56, Old Street, London, EC1V 9AJ, a leasehold flat, sold at £532,500 on the 21st December 2022.
Read more about house prices in EC1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks Flat 3, 56, Old Street as the 521st largest and the 464th most expensive of the 601 addresses on Old Street, London, EC1.
Against the EC1 postcode district average, it is £157k less expensive than the typical property.
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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
Barbican station is the nearest stop to Flat 3, 56, Old Street at 400 metres away.
- 400mBarbican
- 500mOld Street
- 600mMoorgate
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
