Flat 2, 56, Old Street, London has 2 entries in the Land Registry database, most recently in December 2022 and no records in the EPC database.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
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, London is in very good condition we estimate a sale value of £543,071 and rental value of £2,706 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £481,006 and a rental value of £2,397 per month.
If you were able to purchase this property for the estimated value of £517,211, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,542 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Flat 2, 56, Old Street, London was last sold on 21 Dec 2022 for £532,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2022, the market for similar properties has dropped 2.9%
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, London within a radius of 190m over the last 2 years.
The most recent example is 134, Dance Square, London, EC1V 3AL, a Leasehold flat which sold for £500,000 in Feb 2024.
Read more about house prices in EC1.
Old Street, London, EC1 has a total of 596 addresses. According to our analysis of all the public data, Flat 2, 56, Old Street, London is the 506th largest and the 448th most expensive property on the street.
When compared to the postcode district it is £146k less expensive than the average property in EC1.
Flat 2, 56, Old Street, London 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 an electric air source heat pump and underfloor heating.
According to the public record, Flat 2, 56, Old Street, London is a modern leasehold apartment and with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 56, Old Street, London, EC1.
Old Street, London, EC1 is located in the borough of Islington within the EC1 postal district.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 2 56 Old Street London as £517,211 and the rental value as £2,577 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of Flat 2 56 Old Street London has decreased by £3,815 (0.7%) and its rental value has increased by £142 per month (5.5%).
The closest station to Flat 2, 56, Old Street, London is Barbican station which is 400 m 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, London, 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, London, 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, London, 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, London, 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, London, 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.