3-bedroom flat · EC1Y 2AN
For saleListed 41 days
Opportunity summary
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About
An immaculately presented three bedroom split-level penthouse apartment, with stunning uninterrupted views across the hac grounds to the City.
There is a double bedroom and family bathroom on the 9th floor, two further double bedrooms on the 10th floor, shower room, bespoke newly fitted kitchen, double height reception with floor to ceiling windows and large sliding doors leading to a south-facing terrace.
The property includes a designated underground parking space and a 970 year approx lease. The current owners are in the process of obtaining share of freehold'.
The current owners have recently completed a full renovation of the property with a bespoke open plan kitchen, oak engineered wooden flooring throughout, new bathroom and shower room and secondary double glazing to all three bedrooms.
The reception room also benefits from air conditioning. There is an additional roof terrace which has planning consent to create another room.
Situated away from the road, The Lexington has an internal courtyard/ garden area for residents use and a gym.
The Old Street roundabout area has a number of bakeries, supermarkets and coffee shops, the area has recently been transformed for a more pedestrian and cycle friendly environment.
The property is within walking distance to The Barbican complex and City of London School for Girls.
Those working in the City can commute on foot and have access to the bars shops and restaurants in Clerkenwell, Shoreditch and Angel.
Old Street is home to many amenities, a good selection of dining options to green spaces and cultural institutions.
It is known for its vibrant nightlife and creative scene, with a wide variety of bars and clubs to choose from. There are several green spaces, including Hoxton Square.
Bunhill Fields is a Nonconformist burial ground close by, dating from the 1660's.
It's the final resting place of John Bunyan, Isaac Watts, Daniel Defoe and William Blake, along with many other leading intellectuals, radicals and clergymen from the 17th, 18th and 19th centuries.
The nearest tube stations are Old Street (Northern line and National Rail) and Moorgate (Circle, Metropolitan and Hammersmith & City, Elizabeth and National Rail).
Tenure: Leasehold Lease Years Remaining: 970 Service Charge: £12,200 (Yearly) Annual Ground Rent: £150 Council Tax Band: H
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 86 Lexington Apartments, 40, City Road, London
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