1-bedroom flat · EC1A 9EJ
To rentListed 38 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Whole Property Recently refurbished one bedroom apartment Superbly located one double bedroom apartment recently refurbished to a high standard throughout offered in excellent order with large windows offering bright interiors.
The apartment is nestled between Farringdon and Barbican stations and walking distance of Guildhall & Smithfield markets.
The apartment boasts a large reception room with open plan modern fitted kitchen, double sized bedroom with fitted wardrobe and a modern contemporary bathroom with walk in shower.
Located in the heart of the City and surrounded by plenty of amenities with a choice of excellent transport links. Farringdon stations is a closest tube station.
Farringdon is also a mainline railway station, where trains run to a variety of destinations including Bedford, Brighton, Luton and Sutton. Hammersmith & City and Metropolitan Lines.
It's just a 15 minute cycle to either London Bridge or Oxford Circus.
There is a strong cycling community in the area, with some locals campaigning for a Cycling Boulevard' between Old Street and Bury Place running along Clerkenwell Road.
For a quick break, locals can reach London City airport in half an hour by car or 50 minutes by public transport.
Luton Airport is also easily accessible with Thameslink trains taking you there in under 40 minutes. The property is ready for occupation now and viewings are being arranged.
Please quote property code PK511.
(Date available subject to change) Government website shows this property falls under Council Tax Band E, please note this may not always be accurate and recommend you speak with the local authority for confirmation.
Utilities/council tax bills are not included in the rent.
Offered as a sole or joint tenancy - if more than one tenant, all named tenants will be `jointly and severally liable` for terms and conditions of the tenancy agreement (including total rent).
Holding deposit - equivalent to 1 weeks rent (will be put towards 1st month`s rent in advance when due) To check broadband and mobile phone coverage please visit Ofcom here This property is available with a Deposit-Free option which means that instead of paying a traditional security deposit of up to 5 weeks, you pay a fee equal to 28% of the monthly rent to become a member of flatfair (a deposit-free renting scheme) which significantly reduces the upfront costs.
This fee is non-refundable and is not a deposit so cannot be used towards covering the cost of any future damage.
(You are still liable to cover costs but at the end of tenancy rather than from deposit paid at start – this is not an insurance policy).
More details available at Client Money Protection : Hamways is a member of the Propertymark Client Money Protection Scheme (cmp) Redress Scheme : Hamways is a member of The Property Ombudsman (TPO) These particulars are believed to be correct at time of writing, but their accuracy is not guaranteed, nor do they form part of any contract.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Flat 3, 61 Long Lane, Farringdon, London
Explore nearby