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See how verdicts work1-bedroom flat · EC1V 1AE
For saleReduced £25k (−4.2%) on 29 SepListed 117 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This immaculate one-bedroom apartment is set on the 12th floor of Canaletto Tower. Exquisitely designed the space boasts tasteful touches and décor elevating an already stunning development.
Boasting over 715 sq ft of lateral space, the property is comprised of a South West facing balcony, an enormous kitchen/reception, large double bedroom, exceptional bathroom and a walk in wardrobe.
In addition to already providing high spec appliances, this particular apartment supplies a secret TV cupboard, a hot tap and a variety of other tidy upgrades.
Bright and beautiful views across the city can be seen elegantly from the balcony and so too out of the floor to ceiling windows.
Additional installations include; Sonos speakers throughout, Wine cooler, Breakfast Bar, Bespoke lounge unit (with motorised pop-up TV) cabinet, built in bedside cabinets and an Ottoman (underbed storage) bed to name a few.
Moreover, a parking space can also be purchased separately should it be required.
Further to the above, Canaletto Tower offers a range of amenities within the development including; a 24 hr Concierge, a Cinema Room, Residents Spa, Swimming pool, Jacuzzi, Steam Room, 24th Floor Residents Lounge and snooker table.
The development provides an urban yet tranquil feel, all whilst encompassing the London lifestyle.
Located on City Road with Clerkenwell, Shoreditch, Angel, Hoxton and the City all within walking distance.
There is an abundance of bars, restaurants, shops, coffee shops and gastro pubs on the doorstep of the development.
Transport links include Old street, Angel, Farringdon, Shoreditch located on the National Rail and Northern Lines, numerous bus routes are also provided for easy access around the city.
The lease currently has over 986 years remaining and the service charge and ground rent are £8,670 per annum and £450 per annum respectively.
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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
Agent & docs
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FAQ
About 1208, Canaletto Tower, 257 City Road, London
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