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Lettings Fees Administration & Contract Fees £150 plus VAT for a single person letting.

For all tenancy or lettings for 2 or more people is £100 plus VAT per person.

Sold 1 Bedroom 1 Bathroom 1 Reception £335,000

Clerkenwell Road, Clerkenwell, EC1R - £335,000

A one bedroom apartment set on the third floor of a well known period building on the borders of Bloomsbury and Clerkenwell. Cavendish Mansions is a 1920s brick-built local authority block with a high level of private ownership. There is controlled access through a fob and entry-phone system to enter Cavendish Mansions and a secure entry-phone system for each individual block as well as a lift.

This apartment needs modernisation and would allow any buyer to put their own mark on a central London property. The reception is much larger than the average size for this building and has three, double height, feature sash windows. Bedroom faces the interior courtyard so is quiet. Separate kitchen with window and bathroom with storage cupboard above.

Opposite the block is Grays Inn and the picturesque, early Georgian Streets that were built near to the legal district including Lambs Conduit Street, Doughty Street and Bedford Row. The Brunswick Center with the large Waitrose and Saturday farmers market is the closest main shopping area. Clerkenwell has many established restaurants and bars including those on St John Street and around Smithfield Market. Covent Garden to the west, Angel to the north and Shoreditch to the east are all easily reached.

Located 5 minutes walk from Chancery Lane underground or Farringdon rail and underground station and under 10 minutes walk to Holborn or Russell Square underground stations there is very easy access to the Westend or the City. The Kings Cross St Pancras transport hub with the Eurostar terminal is only fifteen minutes walk.

The location has excellent potential for fast and high capital growth. The huge transformation and development of Kings Cross St Pancras with the Eurostar terminal has had a dramatic effect on the property values of the surrounding area. Farringdon has already seen above market growth for the whole of 2012 as the impact of Crossrail begins to tell. It will be a unique station with north/south connections between Luton and Gatwick airports via the Thamseslink line and Crossrail will add Heathrow and City airports. The fast access to Canary Wharf is possibly even more significant to rental and capital values in the future.

This is an area of very high demand for renting and our estimated rental value would be £350 per week / £1516.67 pcm although in busy periods higher rents should be achieved. Leasehold title with 119 years remaining and reasonable service charge that includes cost of heating and hot water, this property is an attractive investment opportunity.

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IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.