2-bedroom flat · EC1V 9BB
To rentListed 42 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Strettons Residential are delighted to offer this split level two double bedroom apartment situated on the ever popular Old Street.
Located minutes away from both Old Street and Barbican underground/overground stations and is in close proximity to St Pauls, City of London and easy access to Central London.
The apartments have been refurbished throughout and consists of one reception room, new modern fitted kitchen (with appliances), white three piece bathroom suite with separate W/C and two double bedrooms.
Benefits include Entry phone system, own front door, sash windows and gas central heating.
___________________________________________________________________________________ Tenancies Signed on or after 1st June 2019 Holding deposit - 1 week's rent Security deposit - 5 week's rent (rent of £50,000 or over per annum - 6 week's rent) Unpaid rent - 3% above Bank of England base rate from Rent Due Date after 14 days in arrears.
Lost keys - Cost of replacement key or other security device/lock replacement/locksmith. £15/hour (inc. VAT) for extra costs incurred in time taken to replace keys. Variation of contract - £50 (inc.
VAT) per variation Change of sharer - £50 (inc. VAT) per replacement tenant Early termination - Landlord's costs in re-letting the property as well as rent due until start date of replacement tenancy.
Costs to be no more than the maximum amount of rent outstanding on the tenancy. RICS Client Money Protection Scheme R006768 The Property Ombudsman redress scheme R719
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
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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 Flat 10, Royley House, 104 - 110 Old Street, London
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