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See how verdicts work2-bedroom flat · EC1V 1AH
For saleReduced £13k (−1.6%) on 20 MayListed 434 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set on the first floor of the sought-after Book House, part of the prestigious Lexicon development, this immaculate two-bedroom apartment enjoys an enviable waterside position overlooking City Road Basin.
Perfectly placed between Angel and Old Street stations, the location offers unrivalled access to the City, Islington, Clerkenwell, and Shoreditch while maintaining a peaceful Canalside setting.
The apartment has been thoughtfully designed to maximise light, space, and comfort.
The open-plan reception room and kitchen features Siemens appliances, ample dining space, and full-height doors leading onto a generous private south-east facing balcony with tranquil basin views.
A separate study provides the flexibility to work from home or use as a third bedroom.
The principal bedroom benefits from dual aspect windows, fitted wardrobes, and an en-suite shower room, while a stylish family bathroom serves a second double bedroom.
Cleverly integrated storage further enhances the practicality of the home. Residents of Book House enjoy access to outstanding amenities shared with Chronicle Tower.
These include a 24-hour concierge, luxury spa, swimming pool, gym, sauna, landscaped communal areas, and residents’ lounges.
Tucked back from City Road via a pedestrian walkway, the development combines tranquillity with connectivity.
Angel, Old Street, and King’s Cross St Pancras are all within easy reach, alongside the vibrant restaurants, bars, shops, and cultural attractions of Angel, Hoxton, and Shoreditch.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
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
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FAQ
About Flat 1, Book House, 261A, City Road, Old Street
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