According to the public record, Flat 4, Farriers House, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 658 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Farriers House, Errol Street, London, EC1.
Errol Street, London, EC1 is located in the borough of Islington within the EC1 postal district.
Flat 4, Farriers House, London has a single entry in the Land Registry database from April 2009 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 4 Farriers House London as £529,227 and the rental value as £2,654 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of Flat 4 Farriers House London has decreased by £5,624 (1.1%) and its rental value has increased by £120 per month (4.5%).
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 4, Farriers House, London is in very good condition we estimate a sale value of £555,689 and rental value of £2,786 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £492,181 and a rental value of £2,468 per month.
If you were able to purchase this property for the estimated value of £529,227, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,601 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 4, Farriers House, London was last sold on 24 Apr 2009 for £284,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2009, the market for similar properties has risen 72.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, Farriers House, London within a radius of 39m over the last 2 years.
The most recent example is Flat 6, Cooper House 90, Whitecross Street, London, EC1Y 8TD, a Leasehold flat which sold for £496,450 in Jul 2023.
Read more about house prices in EC1.
Our network of Estate Agents report 1 let within a 197m radius of Flat 4, Farriers House, London over the last 2 years.
Most recently 24, Clarendon Court 43, Golden Lane, London, EC1Y 0AD, a Leasehold flat let by London Property Management for an undisclosed amount in Jun 2021.
Errol Street, London, EC1 has a total of 133 addresses. According to our analysis of all the public data, Flat 4, Farriers House, London is the 42nd largest and the 81st most expensive property on the street.
When compared to the postcode district it is £134k less expensive than the average property in EC1.
The closest station to Flat 4, Farriers House, London is Moorgate station which is 300 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 4, Farriers House, London, 57.9% of property is socially rented and 26.3% 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 4, Farriers House, London, 18.8% of residents are recorded as possessing school level qualifications and 45.0% 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 4, Farriers House, London, the average age was 34.5 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 4, Farriers House, London, 2.7% 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 4, Farriers House, 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.