Summary - 18, Rowley Gardens N4 1HJ
2 bed 1 bath Flat
High-yield letting opportunity near Finsbury Park and strong transport links.
Tenanted producing £22,800 per annum (holding over)
Approx. 668 sq ft, two bedrooms, one bathroom, second-floor flat
Guide price £220,000 — auction sale, public repossession noted
Leasehold with c.88 years remaining (shortening lease consideration)
EPC C; mains gas boiler and radiators, double glazing present
1960s/1970s concrete communal block — cosmetic and energy work possible
High local crime and very deprived area — affects tenant profile
Service charge/ground rent and legal pack must be checked pre-auction
This second-floor, two-bedroom flat in Rowley Gardens is offered at auction with a current assured shorthold tenancy producing £22,800 per annum. At the guide price, the income equates to a gross yield of around 10.4%, making it a clear proposition for yield-focused buyers and portfolio builders who can manage tenanted assets.
Set within a mid-century communal block, the apartment is pragmatic rather than polished. Accommodation comprises reception room, kitchen, two bedrooms and a bathroom across approximately 668 sq ft. The building has double glazing and gas central heating; the EPC is C. The block’s concrete Brutalist style and presumed uninsulated cavity walls point to scope for energy and cosmetic improvements.
Key risks are factual and material: the property is leasehold with about 88 years remaining, offered at public auction and currently held “holding over” by the tenant. The neighbourhood scores high for crime and very high on area deprivation indices; nearby transport and Finsbury Park offer clear connectivity but local social challenges may affect some buyer types.
This is best suited to experienced buy-to-let investors or renovators who can absorb auction timing, review the legal pack carefully, and budget for works or management changes. Important next steps are inspecting the legal pack, verifying service charges and ground rent, and confirming the tenancy and any obligations before bidding.
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