4-bedroom flat · EC2Y 8DD
For saleReduced £50k (−3.5%) on 23 JunListed 235 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and airy four bedroom tower flat (Type 1B) located on the 4th floor of Cromwell Tower. The property comprises four double bedrooms, a bathroom and a shower room.
This flat is offered in excellent original condition throughout, with the Brooke Marine galley kitchen presented in good order with Bosch appliances and a Miele washing machine located in the utility room off the kitchen.
This property comes with an extended lease of 170 years.
The large sitting room features floor to ceiling windows with access to a west facing balcony, providing a beautiful 'Barbican' view and ample opportunity for some afternoon and evening sun.
The original sliding doors remain in place, allowing residents to separate the sitting room from the kitchen to create a separate dining space/ breakfast room.
Cromwell Tower is the easternmost of the three Barbican towers, situated at the crossroads between Beech Street, Silk Street and Whitecross Street.
It was the first of the three Barbican towers to be completed in 1973.
Barbican residents enjoy a host of amenities such as a 24 hour concierge located in the building, access to two separate residents gardens, discounts at the Nuffield Health Centre, and parking and storage facilities (available by separate negotiation with the City of London).
Cromwell Tower's location provides convenient access to transport links with Barbican, Farringdon, Moorgate and Liverpool Street stations all within walking distance.
Tenure: Leasehold Lease Years Remaining: 171 Service Charge: £12,369 (Yearly) Annual Ground Rent: £10 Council Tax Band: G 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
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FAQ
About Flat 42, Cromwell Tower, Barbican, London
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