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Guide price
£180,000

1 bedroom apartment for sale

Thanet Street, London
Auction
Added yesterday
Apartment
1 bed
1 bath
417
EPC rating: D
Added yesterday

Matterport 3D tour

Key information

TenureLeasehold | 958 yrs left
Council taxAsk agent
BroadbandUltra-fast 1000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • For sale by online auction
  • 6 weeks’ completion
  • Apartment
  • One bedroom
  • Rail links from Euston and Kings Cross
  • Vacant leasehold

Video tours

This vacant one bedroom apartment represents a compelling investment opportunity in the heart of Bloomsbury, offering strong rental demand and an attractive projected gross yield of approximately 12% based on an estimated £1,800 pcm. Set within the well-established Sinclair House, the property is ideally positioned for investors seeking a centrally located asset.

The apartment offers well proportioned accommodation suited to the local rental market, appealing equally to professionals, postgraduate students and academic staff drawn to the surrounding institutions. While investors will immediately recognise the income potential, the layout and location also make the flat a practical option for owner-occupiers or first-time buyers seeking a London base with excellent connectivity.

Sinclair House occupies a prime central London position, moments from Russell Square, Bloomsbury and the West End. The property benefits from outstanding transport links, including Euston station and King’s Cross St Pancras, providing access to multiple Underground lines, national rail services and international connections via Eurostar. The City, Soho and Covent Garden are all within easy reach, reinforcing long term demand from both tenants and owner occupiers. The area is further supported by world renowned universities, major hospitals and a diverse range of employment hubs.

From an investment perspective, the flat offers immediate income generation with the added benefit of vacancy, allowing a buyer to set rent at current market levels or consider light modernisation to enhance returns. With consistent demand for rental property in this location and limited supply at this price point, this is a rare opportunity to acquire a centrally located London apartment with strong yield credentials and enduring appeal.

Rooms

Auction
To be sold by online auction (unconditional) on Thursday 26th February 2026 with a 6 WEEK COMPLETION, bidding will open at 10.00.

To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk

Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Tenure
Leasehold with vacant possession

Lease
999 years from 25 December 1985 - 958 years remaining.

Ground rent and service charge
Please see legal pack for further details.

EPC rating
D

Council tax band
London Borough of Camden

Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.

Guide prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.

Additional fees
A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.

Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".

Mortgage finance
We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.

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About this agent

First for Auctions - National
First for Auctions - National
23 Market Place Wokingham RG40 1AP
01344 527052
Full profileProperty listings
Buy or sell property quickly with our monthly online property auctions. The experienced team has over 20 years experience helping people to sell their property or land at auction. Online property auctions offer one of the fastest, transparent, and effective ways to sell your property. First for Auctions has a dedicated website for customers who may benefit from buying or selling property at auction to browse and bid on property lots, as well as read our specific auctions advice. With all of our auctions taking place online, we are able to offer these services across the country. Our experienced team are committed to providing the highest level of customer service. If you need any help with buying or selling property at auction now or in the future, just ask.
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