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Whitecross Street, London, EC1Y

London

£1,250,000
Listed on 22/11/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
2764 sqft

Description

This mid-terraced building, dating back to the 19th century, offers versatile space across five levels, making it an appealing investment opportunity. Previously utilized by the YMCA for office functions and as a community hub, this property carries a rich history as 'The Drum', a former public house. The layout consists of a basement, ground floor, and three additional floors, along with a sizeable roof terrace measuring 5.5m x 7.4m, perfect for potential outdoor enhancements or social gatherings. While currently designated for Class E use primarily as office space, the property is located within an Article 4 area; thus conversion to residential usage could be possible pending planning permission. Equipped with gas central heating and a fire alarm system featuring emergency lighting, this building is ready for renovation work. Given its location on Whitecross Street—a vibrant commercial artery close to significant tech hubs and cultural landmarks—this property presents abundant potential for transformation into modern office spaces or residential units that align with the area's evolving landscape. The vicinity boasts excellent accessibility via Old Street Station and is surrounded by numerous dining options and local amenities, including coffee shops and markets, enhancing its appeal to prospective tenants or buyers looking to capitalize on its strategic position in London.

Investment Analysis

Investment analysis data not available for this area yet.

Location

Whitecross Street, London, EC1Y
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Mortgage Calculator

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£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£4,579
Based on a loan of £937,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE