2 bedroom flat for sale

Kellett House, Colville Estate, London, N1

Under Offer £375,000

Property Description

Key features

  • Cash buyers only
  • CPO in 4-5 years time
  • Conservative 400 p/w rental
  • Great condition
  • Priced under market value
  • Great opportunity

Full description

Tenure: Leasehold

*Cash Buyers Only*

A beautifully presented two bedroom flat on the first floor of this purpose built block moments from the Regent's canal.

The development is currently undergoing a full reconstruct and a Compulsory Purchase Order will come into effect in 3 - 4 years. This means that the council will buy back the property at the market value when it comes into effect as they will knock down and re-develop the block.



A market rent of £400 p/w is realistic (£1,733 p.m.) so for the next 4 years an investor can enjoy a total of £83,184 in rental income followed by the CPO which will pay back market value.

Nearby regeneration has already commenced which should ensure a strong market value in a few years time and subsequently return on investment. Given the asking price of this property we feel this is truly an opportunity to take advantage of and we expect high demand.

Comprising two double bedrooms, a bright reception leading to a south facing balcony, separate modern kitchen and bathroom.
Nestled between vibrant Shoreditch, Islington and Dalston. A number of transport links service the property including Haggerston (East London Line) and Essex Road (National Rail) as well as a number of bus links.

More information from this agent

Listing History

Added on Rightmove:
16 August 2016

Nearest stations

  • Haggerston (0.3 mi)
  • Hoxton (0.5 mi)
  • Essex Road (0.6 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Stirling Ackroyd , Great Eastern St. EC2A

40 Great Eastern Street, London, EC2A 3EP

020 8012 2402 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Stirling Ackroyd , Great Eastern St. EC2A

40 Great Eastern Street, London, EC2A 3EP

020 8012 2402 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Haggerston (0.3 mi)
  • Hoxton (0.5 mi)
  • Essex Road (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Stirling Ackroyd , Great Eastern St. EC2A

40 Great Eastern Street, London, EC2A 3EP

020 8012 2402 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference SHO160824. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Stirling Ackroyd , Great Eastern St. EC2A. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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