As updated by Fine Living in Feb 2022, Flat 86, Chronicle Tower 261B, London is a modern leasehold apartment with 564 ft2 of internal area comprising 1 bedroom .
This property has a long lease.
The apartment is in Chronicle Tower, City Road, London, EC1.
City Road, London, EC1 is located in the borough of Islington within the EC1 postal district.
Based on both the data supplied by Fine Living and the public information available in the area, we estimate the current sale value for Flat 86 Chronicle Tower 261B London as £666,588 and the rental value as £2,960 per month giving an expected gross yield of 5.3%.
Fine Living described the decorative condition as fair in Feb 2022.
Over the last 12 months the sale value of Flat 86 Chronicle Tower 261B London has increased by £4,320 (0.6%) and its rental value has increased by £212 per month (7.2%).
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 86, Chronicle Tower 261B, London is in very good condition we estimate a sale value of £699,918 and rental value of £3,108 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £619,927 and a rental value of £2,752 per month.
If you were able to purchase this property for the estimated value of £666,588, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,276 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 86, Chronicle Tower 261B, London was last sold on 10 Mar 2016 for £735,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2016, the market for similar properties has dropped 7.6%
According to Fine Living , Flat 86, Chronicle Tower 261B, London was let 4 times since 2021 with the latest being in Mar 2024 for an undisclosed price.
Since Mar 2024, the market values of similar properties has risen 8.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 86, Chronicle Tower 261B, London within a radius of 88m over the last 2 years.
The most recent example is Flat 24, Chronicle Tower 261B, City Road, London, EC1V 1AJ, a Leasehold flat which sold for £610,000 in Jun 2024.
Read more about house prices in EC1.
Our network of Estate Agents report 1 let of a property similar to Flat 86, Chronicle Tower 261B, London within a radius of 132m over the last 2 years.
Most recently Flat 8, 12, Graham Street, London, N1 8GB, a Leasehold flat let by Fine Living for an undisclosed amount in May 2021.
City Road, London, EC1 has a total of 1886 addresses. According to our analysis of all the public data, Flat 86, Chronicle Tower 261B, London is the 1285th largest and the 1056th most expensive property on the street.
When compared to the postcode district it is £3k more expensive than the average property in EC1.
Flat 86, Chronicle Tower 261B, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Feb 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat 86, Chronicle Tower 261B, London is Angel station which is 700 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 86, Chronicle Tower 261B, London, 44.0% of property is privately rented and 36.3% is socially 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 86, Chronicle Tower 261B, London, 24.4% of residents are recorded as possessing school level qualifications and 67.1% 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 86, Chronicle Tower 261B, London, the average age was 36.3 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 86, Chronicle Tower 261B, London, 1.6% 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 86, Chronicle Tower 261B, 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.