Five income flats near Blackhorse Road station — auction sale with renovation needs.
Annual income reported £63,600 (income-producing investment)
A rare investment block in E17 comprising five self-contained flats arranged in a Victorian end-of-terrace property. The flats are presented as earning a documented annual income of £63,600 and sit within easy walking distance of Blackhorse Road station, local shops and cafes, and a wide array of everyday amenities — attractive to rental demand from young families and students. The building’s interiors are mostly well maintained and include a mix of open-plan attic apartments with modern fitted kitchens and skylights.
Important practical points are clear: the property is offered for sale at auction via secure online bidding and will be sold subject to terms and conditions. External fabric needs attention — brickwork and roof repair/replacement are visible — and some apartments have low sloped ceilings in the attic which limit usable headroom. Tenure details are unknown and the building has not been inspected for this listing, so buyers should allow for professional surveys and possible catch-up maintenance.
This asset suits investors looking for an income-producing London block with redevelopment upside. The current gross income figure provides a starting point for yield calculations; potential buyers should confirm tenancy details, service arrangements and any management costs before bidding. High local crime levels and a small plot size are realistic drawbacks to factor into valuation and insurance costs.