Summary - Apartment 57 Marconi House, Melbourne Street NE1 2JS
1 bed 1 bath Flat
Compact city flat ideal for investors seeking immediate rental income.
Central city location, lift access, Juliet balcony
Chain free; can be sold with tenant producing £850 pcm
Compact open-plan layout, approximately 374 sq ft
Leasehold — c.104 years remaining; ground rent £175
Electric room heaters only; potentially higher running costs
Very high local crime levels — affects insurance and tenant appeal
Modern development with double glazing; EPC rating C
No flood risk; excellent mobile and fast broadband speeds
This compact one-bedroom apartment in Marconi House offers a straightforward city-centre investment with immediate rental potential. Located in a modern development with lift access and a Juliet balcony, the property is chain free and can be sold with the current tenant in situ, producing £850 pcm.
The interior is open-plan and efficiently arranged across approximately 374 sq ft, with an integrated kitchen and a fitted bathroom. The building's recent construction and double glazing give reasonable energy performance (EPC C), but heating is by electric room heaters which may mean higher running costs than gas-heated alternatives.
Key legal and practical points for buyers: the flat is leasehold with about 104 years remaining and a modest ground rent of £175. The area is a cosmopolitan, multicultural student neighbourhood with excellent transport links and many local amenities—appealing for lettings—but recorded local crime levels are very high, which will influence tenant demand and insurance costs.
This property suits an investor seeking a central, low-management buy-to-let near universities and nightlife, or a buyer wanting a compact urban pied-à-terre. It is small and will need ongoing maintenance planning and realistic budgeting for electric heating and city-centre living costs. A public notice records an offer at £90,000; interested parties should note the 14-day notification for higher bids.
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