London, N1 0AR | Investment Property for Sale | VES-N1-002

Opportunity to purchase an apartment in London generating £26,400 rent pa & gross yield of 4.8%

£550,000

Apartment

VES-N1-002

INITIAL INVESTMENT

£159,000

Based on

deposit: £137,500

stamp duty: £19,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£26,400

GROSS YIELD

4.8%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£10

SERVICE CHARGE

£1,932

3 bedrooms

1 bathroom

1 reception room

857

Unfurnished

Please note that this property is also part of a larger portfolio listing and the vendor is open to selling the units individually.

Leasehold information

  • Length of lease: tbc
  • Year lease started: tbc
  • Years left on lease: 87

Property information

  • Located on the ground and first floor
  • Open plan kitchen/reception room
  • Garden accessible via the reception room
  • Access to a garage from the garden
  • EPC rating D
  • Monthly rental income £2,200

Location information

  • The property is a short walk from King's Cross's shops and amenities
  • King's Cross tube station can be reached within a 15-minute walk, as well as Angel tube station
  • The nearest park is Barnard Park with its adventure playground for children

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

Tenancy

RENT

£26,400 p.a. / £2,200 pcm

TENANCY DEPOSIT

£0

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

7 months ago

TENANCY AGREEMENT ENDS

10/30/2021

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About London Borough of Islington, North London

The London Borough of Islington is the second smallest borough in London and its administrative centre is on Upper Street in Islington, just under 3 miles north of Charing Cross.

Islington is bound by Camden to the west, Haringey to the north, Hackney to the east and the City of London to the south. The southern part of the borough also forms part of central London.

The borough is made up of 22 districts, including Clerkenwell, Kings Cross, Old Street, Upper Holloway, Highgate and Archway, to name a few.

The London Borough of Islington has a very good transport network for rail, bus, bicycles and road users. The borough is served by many bus routes, both day and night services, which connect it to the rest of London. There are a total of ten London Underground stations that operate in Travelcard zones 1, 2 and 3 and are served by the Northern, Piccadilly and Victoria lines. The Circle, Hammersmith & City and Metropolitan lines also pass through. The London Overground serves five stations in the borough, with four stations in Travelcard zone 2 and one station in Travelcard zone 3. And there are also six railway stations in the borough, whilst the Elizabeth line will pass through Farringdon station too once open.

Islington has a number of cultural attractions and institutions including Almeida Theatre, The Estorick Collection of Modern Italian Art, London Canal Museum, London Screen Academy, Emirates Stadium (home to Arsenal football club), Sadler’s Wells Theatre, Unition Chapel and St John’s Gate, to name a few.

The largest continuous open space in Islington is Highbury Fields. Sadly the borough has the lowest ratio of open space to built-up areas of any London borough. However, it has a number of smaller open spaces and well-kept public squares such as Canonbury Square and Thornhill Square. There is also access to large open spaces in neighbouring London boroughs. Finsbury Park is located at the southern end of the LB of Haringey, whilst Clissold Park in the LB of Hackney borders to the west. Both Regent’s Park and Victoria Park can easily be reached via the Regent’s Canal tow path.

Copenhagen Street,

London,

Greater London,

England,

N1 0AR

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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