Summary - 18, Rowley Gardens N4 1HJ
2 bed 1 bath Flat
Auction opportunity with immediate rental income and scope for modernisation.
Two-bedroom second-floor flat, circa 679 sq ft
Set on the second floor of a purpose-built block near Finsbury Park, this two-bedroom flat offers immediate rental income and urban convenience. The property is currently let on an Assured Shorthold Tenancy producing £22,800 per year (holding over), making it suitable for an investor seeking an income-producing lot at auction.
At about 679 sq ft the layout includes reception room, kitchen, two bedrooms and a bathroom. The building dates from mid-20th century with a concrete, brutalist appearance; the flat has double glazing and a gas boiler with radiator heating. The EPC rating is C.
Important points to note: the tenure is leasehold with approximately 88 years remaining and the sale will be conducted by public auction. The surrounding area is inner-city and classified as very deprived with high local crime levels; this should be considered alongside the strong transport links and proximity to Finsbury Park. Buyers should inspect the legal pack and tenancy documentation ahead of the auction.
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