Drayton Park, Islington, London N5
Ref No: KE003-LI-SA200
Six bedroom House, two kitchens and two bathrooms in Multiple Occupation with scope to increase current rental income.
Drayton Park is a very popular road between Highbury, Holloway and Arsenal underground station. It has a mixture of family homes converted flats and HMO’s. It has excellent transport into the City and universities. The location is ideal for both professionals and students looking for somewhere reasonable to rent
The house briefly comprises
Ground Floor Open Plan Kitchen – Rear facing and facing the garden With U-shaped floor units, it is set up for communal living with plenty of work space washing machine and full size fridge.
Ground Floor Very large Bedroom – Front facing bay window to Drayton Park road . The largest room with high ceilings throughout
Ground Floor Bathroom – Rear and garden facing.Communal bathroom with bath, shower over bath WC and sink.
Ground Floor Living room - A bay windowed living room facing rear and garden facing. Light, spacious with high ceilings
1st Landing - Utility Room
1st Floor Large Bedroom 2 – Rear facing and facing the garden
1st Floor Large Bedroom 3 – Front facing window to Drayton Park road
1st Floor Good Size Bedroom 4 – Front facing bay window to Drayton Park road
2nd Landing Bathroom – Rear and garden facing.Communal bathroom with bath, shower over bath WC and sink.
Second Floor Large Bedroom 5 – Rear facing and facing the garden
Second Floor Large Bedroom 6 - Front facing window to Drayton Park road
Second Floor Kitchen - Front facing window to Drayton Park road. Plenty of storage space and work top, washing machine and full size fridge.
Drive Way -
The property has been set out for communal living. The flooring throughout is laminated, there is Gas central heating and all rooms have radiators. All bedrooms are lockable and conform to all regulations
Property professionally managed and virtually 100% occupancy.The vendor spent over £..... refurbishing the entire house in summer 2015. Our client employs a regular handyman/cleaner to keep the communal areas up together. The current annual rental of over £50k and potential to buy the lower ground floor flat. Please ask within for further details.
If you are an experienced HMO landlord looking to expand your portfolio then this is a property that should be viewed. The vendor has run a tight ship and even allowing for the usual issues that HMO’s have is well presented. The current tenants look after their rooms and our client is only selling as she now wishes to retire.
The Seller has listed the property on the Gazeal platform providing the Buyer with the following benefits to potential investors:
1. Transparency - Free legal pack available to Buyer to view.
2. Speed - Contracts issued and Conveyancers instructed same day as Buyer's offer accepted.
3. Certainty - Seller bound to price agreed with Buyer (where chain free) and reduces risk of gazundering.
4. The purchasers conveyancing costs will be covered on the basis the Gazeal platform is used, together with mortgage broking costs however stamp duty and Survey fees are not included.
Viewing strictly by appointment only via the sole agents, early viewing highly recommended.
- Off street parking
- Central Heating
- Wood Floors
- Fully furnished
- View of gardens
- Private garden
Disclaimer: The energy efficiency rating is a measure of the overall efficiency of a home. The higher the rating the more energy efficient the home is and the lower the fuel bills will be. The environmental impact rating is a measure of a home's impact on the environment in terms of carbon dioxide (CO2) emissions. The higher the rating the less impact it has on the environment. The Energy Performance Certificate for this dwelling was produced following an energy assessment undertaken by a qualified assessor.