According to the public record, Flat 4, The Red House 49-53, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 877 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Red House, Clerkenwell Road, London, EC1.
Clerkenwell Road, London, EC1 is located in the borough of Islington within the EC1 postal district.
Flat 4, The Red House 49-53, London has 31 entries in the Land Registry database, most recently in September 2007 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 The Red House 49-53 London as £754,784 and the rental value as £3,482 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat 4 The Red House 49-53 London has decreased by £7,702 (1.0%) and its rental value has increased by £179 per month (5.2%).
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, The Red House 49-53, London is in very good condition we estimate a sale value of £792,523 and rental value of £3,656 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £701,949 and a rental value of £3,238 per month.
If you were able to purchase this property for the estimated value of £754,784, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,710 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, The Red House 49-53, London was last sold on 28 Sep 2007 for £552,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2007, the market for similar properties has risen 39.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, The Red House 49-53, London within a radius of 0m over the last 2 years.
The most recent example is Flat 20, The Red House 49-53, Clerkenwell Road, London, EC1M 5RS, a Leasehold flat which sold for £750,000 in Aug 2022.
Read more about house prices in EC1.
Our network of Estate Agents report 3 lets within a 215m radius of Flat 4, The Red House 49-53, London over the last 2 years.
Most recently Flat 111, City Pavilion 33, Britton Street, London, EC1M 5UG, a Leasehold flat let by Saint Andrews Bureau for an undisclosed amount in Aug 2024.
Clerkenwell Road, London, EC1 has a total of 366 addresses. According to our analysis of all the public data, Flat 4, The Red House 49-53, London is the 75th largest and the 135th most expensive property on the street.
When compared to the postcode district it is £91k more expensive than the average property in EC1.
The closest station to Flat 4, The Red House 49-53, London is Farringdon station which is 200 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, The Red House 49-53, London, 57.1% of property is privately rented and 20.3% is privately owned with a mortgage.
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, The Red House 49-53, London, 17.1% of residents are recorded as possessing school level qualifications and 81.7% 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, The Red House 49-53, 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 4, The Red House 49-53, London, 3.2% 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, The Red House 49-53, 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.