2-bedroom flat · N7 8TP
For saleListed 69 days
Opportunity summary
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About
Investment Consideration: Gross Initial Yield: 7.43% Rental Income: £34,200 p.a.
VAT is NOT applicable to this property Comprises 2-bedroom residential flat, part of an attractive purpose build complex Situated opposite Caledonian Road Underground Station (Piccadilly Line) providing direct services towards King's Cross St Pancras, Covent Garden, Leicester Square and Heathrow Airport Occupiers nearby include Sainsbury`s, Starbucks, Tesco Express, Nisa Local, Costa Coffee and more.
Property Description: Comprises 2-bed residential apartment, forming part of an established development, providing the following accommodation and dimensions: First Floor: 64 sq m (690 sq ft) Hallway, two bedrooms, kitchen, living room, bathroom Tenancy: The property is at present let on Periodic tenancy to an Individual at a current rent of £34,200 per annum.
Deposit held of £3,288.45. Tenure: Long leasehold. Held for a term of 189 Years from 31st January 2008 at a ground rent of peppercorn. (approx.
170 years unexpired) Location: The property is situated on Cottage Road in the London Borough of Islington, immediately off Caledonian Road and approximately 3 miles north of Central London.
The location benefits from excellent connectivity to King's Cross, Camden, Highbury and the wider Central London area.
Public transport links are particularly convenient, with Caledonian Road Underground Station (Piccadilly Line) situated opposite the property, providing direct services towards King's Cross St Pancras, Covent Garden, Leicester Square and Heathrow Airport.
Holloway Road Underground Station is approx. 0.3 miles away, while Caledonian Road & Barnsbury Overground Station is approximately 0.4 miles away.
Occupiers nearby include Sainsbury`s, Starbucks, Tesco Express, Nisa Local, Costa Coffee and many more.
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
Agent & docs
FAQ
About Flat 2, 3 Cottage Road, Islington, London N7 8TP
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