1-bedroom flat · EC2Y 8AF
For saleReduced £50k (−8.3%) on 1 JulListed 167 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A sixth floor one bedroom flat, converted by Redrow Homes in 2017. The flat benefits from a signature Barbican concrete wall in the hallway, a bedroom with a fitted cupboard and spacious bathroom.
There is an open plan reception room with a wall of windows facing east, underfloor heating and a contemporary kitchen.
Redrow Homes sourced Terrazzo from Italy for the hand carved vanity basins, and shower enclosure.
New aluminium frame double glazed windows were added in keeping with the original style, engineered oak flooring was used throughout (except bedrooms and bathrooms), the kitchens were fitted with soft close drawers, under pelmet lighting to the wall units, Siemens appliances, an induction hob, fridge/freezer, dishwasher and microwave.
The development is centrally located in Zone one and within walking distance of many of the City's landmarks.
With excellent transport links being on the doorstep of Barbican station and minutes from the new Farringdon Station entry to the Elizabeth line.
The Fourth Barbican Residential Tower, but with a street address (Fann St.) Designed by architects Chamberlin, Powell and Bon in 1968, Blake Tower strikes an unmistakable silhouette on the Barbican Estate.
74 sleek, contemporary apartments with interiors by Conran and Partners. Benefits include 150-year leases (from 2017), independent heating and 24 hour concierge.
With use of all the Barbican facilities including the resident only communal gardens, one of which is immediately adjacent.
Underground parking and storage units available by separate negotiation and visitor parking available in the adjacent Barbican building.
Blake Tower is ideally located for the Barbican tube station with access to the Hammersmith & City, Metropolitan, Circle, Elizabeth Line and Thameslink from Farringdon.
Tenure: Leasehold Lease Years Remaining: 141 Service Charge: £4,178 (Yearly) Annual Ground Rent: £10 Council Tax Band: F 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
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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 Flat 63, Blake Tower, 2, Fann Street, London
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