3-bedroom flat
To rentReduced £150 (−3.5%) on 16 OctListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available in October, Is this smart, well-presented three double-bedroom apartment is ideal for sharers and sits on the lower ground floor of this period conversion in the heart of Clerkenwell.
This property has the required HMO licence in place for three unrelated tenants. The property has just been redecorated and fitted with a new bathroom.
Accommodation comprises an entrance hall, a good-sized reception room with direct access to communal gardens, a modern kitchen, three double bedrooms, an en-suite shower room for the main bedroom, and a family bathroom with a separate shower cubicle.
The property is offered furnished. The Red House was originally the Holborn Union Offices, built in 1886 in the Queen Anne style.
It is one of the more recognisable buildings in Farringdon, with stunning, ornate brickwork. Converted into apartments back in 1993.
The Red House is on the corner of Clerkenwell Road and Britton Street, well placed, approx 0.2 miles from Farringdon Station (Elizabeth, Circle, Metropolitan, Hammersmith and City Line) and 0.5 miles from Chancery Lane (Central Line).
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
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About Clerkenwell Road, London
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