Studio flat · EC1Y 2AN
Listing removedReduced £20k (−5.1%) on 2 JulListed 168 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A charming and contemporary studio apartment situated on the 9th floor of a modern development.
This open plan property is offered with large double-glazed windows across the living space, built-in storage, a full-size bathroom, and a fully equipped kitchen.
The property is being sold chain free by the current owner.
Featuring wood flooring, a modern interior and windows spanning the width of the property, this property offers its inhabitant a fantastic home right at the convergence of the City of London and Shoreditch.
Residents can avail of a secure, designated underground parking space, as well as the on-site gym, communal gardens and 24 hour concierge offered within the building.
The location is a short, convenient walk from the bars, restaurants and coffee shops of Shoreditch, as well as a variety of shopping and leisure facilities in the City.
Situated a moment away from Old Street station, residents have access to the Northern Line, whilst Liverpool Street station is just a 10 minute walk away, providing transport options via the Circle Line, Hammersmith and City line, Metropolitan line and the Elizabeth Line.
Tenure: Leasehold Lease Years Remaining: 970 Service Charge: £3,948 (Yearly) Annual Ground Rent: £150 Council Tax Band: E Information contained within this listing is for guidance only and should be checked and confirmed (prior to proceeding).
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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
FAQ
About 87 Lexington Apartments, 40, City Road, London
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