Well-presented flat near Tube and Overground, sold by auction.
Newly refurbished one-bedroom lower-ground flat, 448 sq ft
A newly refurbished one-bedroom lower-ground flat on Caledonian Road, ready to move into or rent out. The open-plan living area, modern fitted kitchen and wood-effect floors create a bright, contemporary feel in a 1930s building. At 448 sq ft with 114 years remaining on the lease, the size and tenure are straightforward for purchasers and lenders.
This property is offered through the Modern Method of Auction. Buyers should budget for the non-refundable reservation fee (4.5% of the purchase price, subject to a minimum) plus buyer’s fees and any optional service fees. Inspect with your lender if you require a mortgage; a Buyer Information Pack is available and its fee is payable by the purchaser.
Practical points: heating is electric with a boiler and radiators, glazing is double but install date is unknown, and the building is likely solid brick with no cavity insulation. Service charge and ground rent are payable (approx. £1,500 and £200 respectively), and local crime levels are high — an important consideration for residents or renters.
Location is a clear strength: quick walks to Caledonian Road Tube and nearby Overground stations, plentiful local amenities, fast broadband and excellent mobile signal. The flat will suit a first-time buyer wanting a well-presented home within reach of central Islington or an investor seeking a city-centre rental, provided the auction costs and local factors are accepted.
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