Leather Lane, Farringdon, London
BA

Leather Lane, Farringdon, London

By Barnard Marcus

£ 500,000

Reviews

2 out of 5 stars

Barnard Marcus says ..

The property comprises of two bedrooms, two bathrooms, kitchen/reception room and balcony. The development benefits from a communal terrace and outside gym. Long lease with approx.180 year lease remaining.

Property Oracle says ..

This two-bedroom, two-bathroom apartment in Farringdon, London, offers a convenient city-centre location with excellent transport links via Farringdon station. The property’s proximity to several highly-rated schools, such as Christopher Hatton Primary School (Ofsted Outstanding), is a significant advantage for families. The apartment itself appears well-maintained from the provided photographs, although the interior design may not appeal to all buyers. The kitchen and bathrooms look reasonably modern, but the decor feels a little dated overall. A key drawback is the complete lack of private outdoor space, which is unusual for London properties, even in apartment buildings. While the communal terrace and outdoor gym are positive additions, they cannot compensate fully for the absence of a private garden or even a substantial balcony. The absence of details regarding the leasehold information may raise questions for potential buyers as well.

The list price of £500,000 needs to be considered in relation to the size and the limited outdoor space. Comparing this to other properties in the area is essential for determining true value. The availability of more comparable data will enable a more definitive assessment of the price point. Nevertheless, the strategic location in a high-demand area, combined with the proximity to transport and good schools, suggests a reasonable, albeit not exceptionally high-value, listing.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
8
Land
1
Bedrooms
2
Bathrooms
2
Sqft (est)
505.90

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
1,154,000.00 £
Decreased by 22.25 %
from 1,484,333.00 £
Est sale value
769,979.80 £
Decreased by 9.35 %
from 849,406.10 £
Average area rental value
2,781.00 £/mo
Increased by 3.65 %
from 2,683.00 £/mo
Est letting value
1,517.70 £/mo
Unchanged by 0.00 %
from 1,517.70 £/mo
Est rental Yield
2.89 %
Increased by 33.18 %
from 2.17 %
Crime Rate
4.00 %
Unchanged by 0.00 %
from 4.00 %

Agent Activity

  • Barnard Marcus created the listing.

Nearby Schools

NameTypeOfstedDistance
St Alban'S Church Of England Primary SchoolVoluntary Aided SchoolGood0.29 KM
1A Children'S CentreChildren's Centre0.56 KM
Christopher Hatton Primary SchoolCommunity SchoolOutstanding0.57 KM
University Of The Arts LondonHigher Education InstitutionsOutstanding0.84 KM
St George The Martyr Church Of England Primary SchoolVoluntary Aided SchoolOutstanding0.95 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Beauchamp Street £ 000.00 KM
Dorrington Street £ 000.00 KM
Shoe Lane £ 000.00 KM
New Street Square £ 770,00000.00 KM
Rolls Passage £ 950,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Farringdon577ZFD0.44 KM
City Thameslink5121CTK0.79 KM
Blackfriars5112BFR0.98 KM
Waterloo East5158WAE1.63 KM
Waterloo5598WAT1.78 KM

Nearby Listings

AddressPriceTypeScoreDistance
Leather Lane, London, EC1N £ 465,000BUY7 / 100.00 KM
Leather Lane, Farringdon, London £ 500,000BUY5 / 100.00 KM
Greville Street, Farringdon, London, EC1N £ 775,000BUYUnknown0.03 KM
Hatton Garden, Clerkenwell, EC1N £ 980,000BUYUnknown0.11 KM
Hatton Garden, London EC1N £ 980,000BUY7 / 100.11 KM

Nearby Properties

AddressPriceDistance
20 - 22 Leather Lane £ 465,0000.09 KM
47a Hatton Garden £ 475,0000.25 KM
15 Hatton Place £ 1,650,0000.30 KM
11 Hatton Place £ 915,0000.30 KM
46 Grays Inn Road £ 1,400,0000.34 KM