Income-producing two-bedroom flat near New Islington with strong character and long lease.
- Two double bedrooms with open-plan living and dining space
- Double-height ceilings and large mill windows, lots of natural light
- Sold with sitting tenant paying £1,100pcm (income-producing)
- Auction sale, cash buyers only; Secure Sale online bidding applies
- Grade II listed status — may restrict alterations and cause difficulties
- Annual service charge approx £3,100 and ground rent £207
- EPC rating D; council tax band D
- Located in a cosmopolitan, student neighbourhood near tram station
Set within a Grade II listed mill conversion close to New Islington Tram Station, this two-bedroom apartment combines character features with practical rental appeal. The second-floor home benefits from double-height ceilings and large mill windows that flood the open-plan living space with light. It is sold with a sitting tenant currently paying £1,100pcm, making it immediately income-producing for a cash buyer.
The layout includes a spacious living/dining area with a modern kitchen, two double bedrooms, a wet room and a separate bathroom. The building’s period character is underlined by exposed red brick and high ceilings while contemporary fixtures and double glazing keep the apartment comfortable. Leasehold tenure is long at 229 years.
Material considerations for buyers: the property is being sold at auction via Secure Sale and is for cash purchasers only. The building’s listed status may restrict external or structural alterations and could complicate permissions. Annual service charge (£3,100) and ground rent (£207) are payable, and the EPC rating is D.
This location sits in a cosmopolitan, student-heavy neighbourhood close to amenities, transport links and leisure facilities. For investors seeking a tenant-in-situ, or buyers wanting a characterful city-base with solid lease length, this apartment offers immediate rental return and period charm, balanced by management costs and listed-building constraints.
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