Summary - Flat 86 Terrace Apartments, 40, Drayton Park N5 1PW
2 bed 1 bath Apartment
Affordable shared-ownership two-bedroom with large terrace near Highbury & Islington stations.
- 35% shared ownership offered only; price for share £208,250
- Rent on remaining 65% set at £920 pcm payable to Peabody
- Large south-facing L-shaped terrace overlooking communal gardens
- Two double bedrooms, open-plan living/kitchen, 738 sq ft
- Lift access, secure entryphone, EPC B, mains gas heating
- Service charges about £234 pcm (approx. £2,800 pa)
- Leasehold with c.105 years remaining; Peabody approval required
- Area records above-average crime; factor into local considerations
A bright two-double-bedroom shared-ownership apartment on the third floor, offering an affordable route into N5 with a 35% share priced at £208,250. The open-plan living/kitchen flows onto a large south-facing L-shaped terrace that overlooks communal gardens, giving unusually generous outside space for a city apartment. Built c.2003–06, the block benefits from a lift, secure entryphone and double glazing; the apartment scores EPC B and has a mains-gas boiler and radiators.
Transport and local amenities are strong: Drayton Park is close by and Highbury & Islington and Arsenal stations are within easy walking distance, plus Upper Street and Holloway Road shopping are nearby. The flat’s 738 sq ft layout is well proportioned for couples or small families and sits in a lively inner-city neighbourhood with good schools a short distance away.
This is a shared-ownership sale: the vendor is selling a 35% share only. Peabody will require a monthly rent of £920 on the remaining 65% and current service charges are around £234 pcm (approx. £2,800 pa). All buyers must apply to Peabody for approval; staircasing may be possible in future but is not guaranteed. The apartment is leasehold with about 105 years remaining.
Practical points to consider: the area records above-average crime, and prospective buyers should factor ongoing rent and service charges into affordability calculations. The property is well presented and move-in ready but financial and application requirements for shared ownership are material constraints for some purchasers.
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