According to the public record, Flat 3, 14-16 , Hermit Street, London is a period leasehold apartment and with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 14-16, Hermit Street, London, EC1.
Hermit Street, London, EC1 is located in the borough of Islington within the EC1 postal district.
Flat 3, 14-16 , Hermit Street, London has a single entry in the Land Registry database from June 2017 and no records in the EPC database.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 3 14-16 Hermit Street London as £585,965 and the rental value as £2,770 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of Flat 3 14-16 Hermit Street London has increased by £1,619 (0.3%) and its rental value has increased by £185 per month (6.7%).
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 3, 14-16 , Hermit Street, London is in very good condition we estimate a sale value of £615,263 and rental value of £2,908 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £544,947 and a rental value of £2,576 per month.
If you were able to purchase this property for the estimated value of £585,965, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,880 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 3, 14-16 , Hermit Street, London was last sold on 30 Jun 2017 for £541,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2017, the market for similar properties has dropped 8.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 14-16 , Hermit Street, London within a radius of 30m over the last 2 years.
The most recent example is Flat 1, 23-24, Hermit Street, London, EC1V 7NR, a Leasehold flat which sold for £568,596 in Apr 2024.
Read more about house prices in EC1.
Our network of Estate Agents report 1 let of a property similar to Flat 3, 14-16 , Hermit Street, London within a radius of 97m over the last 2 years.
Most recently Flat 7, 265, Goswell Road, London, EC1V 7AH, a Leasehold flat let by Fine Living for an undisclosed amount in Jan 2023.
Hermit Street, London, EC1 has a total of 33 addresses. According to our analysis of all the public data, Flat 3, 14-16 , Hermit Street, London is the 13th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £78k less expensive than the average property in EC1.
Flat 3, 14-16 , Hermit Street, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Oct 2016.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 3, 14-16 , Hermit Street, London is Angel 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 3, 14-16 , Hermit Street, London, 41.4% of property is socially rented and 36.3% 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 3, 14-16 , Hermit Street, London, 18.1% of residents are recorded as possessing school level qualifications and 60.6% 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 3, 14-16 , Hermit 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 3, 14-16 , Hermit Street, London, 0.9% 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 3, 14-16 , Hermit 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.