Summary - 61 SOUTHEY ROAD LONDON N15 5LJ
2 bed 1 bath Flat
Income-producing two-bedroom flat with private garden ideal for investors.
Producing £21,600 pa from assured shorthold tenancy (tenant holding over)
Sold by online auction; buyers’ fee and possible extra completion fees apply
About 463 sq ft, two bedrooms, ground-floor maisonette with private rear garden
Leasehold with c.163 years unexpired (from 1973 long lease)
Victorian high ceilings and period sash windows; solid-brick walls (no insulation assumed)
Internally dated — kitchen/work required; EPC rating D
Very high local crime and very deprived area — factor into tenant profile and insurance
Close to Seven Sisters and South Tottenham stations; fast broadband and excellent mobile signal
This two-bedroom ground-floor flat sits in a Victorian mid-terrace on Southey Road, offered to investors at auction with an existing assured shorthold tenancy producing £21,600 per year. The maisonette is compact at about 463 sq ft and includes its own rear garden — a rare plus for a ground-floor flat in the area. The lease has approximately 163 years remaining.
The property retains period features such as high ceilings and sash-style windows but is described as dated internally, with the kitchen needing work and solid brick walls likely lacking modern insulation. Heating is gas-fired via a boiler and radiators and the EPC is rated D. Council Tax Band B and fast broadband/mobility signals are practical local advantages.
Important investor considerations: the unit is sold leasehold at auction with a buyers’ fee and possible seller charges detailed in the legal pack. The area is classified as very deprived with very high crime levels; locations nearby include Seven Sisters and South Tottenham stations, parks and local amenities which support rental demand.
This lot is best suited to a buyer seeking an income-producing, small-scale Victorian flat to hold or upgrade. The property’s income stream and long lease provide a stable starting point, but budget conservatively for internal refurbishment, potential energy-improvement works, and allow for auction-related fees and legal checks before bidding.
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