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2 bed flat for sale

£375,000

Kellett House, Colville Estate, London N1

2
Interested in this property? Call +44 20 8022 5547 * or

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Property features

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

Property description

*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.

Property info

Floorplan(s): Picture No. 10

Picture No. 10 View original

Market activity
Average price paid £822,922 Sales 654 Current average value £882,136 (Zoopla Zed-Index) Value change £21,384 ▲ 2.48%

Property value data/graphs for N1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £1,948,352 £1,060 3.6 £1,092,000
Semi-detached £1,975,926 £1,125 3.6 £1,278,140
Terraced £1,570,770 £1,083 3.2 £1,546,196
Flats £649,924 £956 1.9 £648,772

Current asking prices in N1

Average: £911,735
Avg. current asking prices in N1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £472,750
(12)
£929,653
(15)
£1,419,734
(38)
£1,813,199
(25)
£2,537,492
(6)
Flats £562,302
(173)
£843,492
(248)
£1,058,810
(101)
£1,008,000
(5)
£1,150,000
(2)
All £556,493
(185)
£848,406
(263)
£1,157,480
(139)
£1,678,999
(30)
£2,190,619
(8)

Current asking rents in N1

Average: £2,269 pcm
Avg. current asking prices in N1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £1,713 pcm
(14)
£2,506 pcm
(30)
£4,017 pcm
(42)
£4,813 pcm
(21)
£7,150 pcm
(1)
Flats £1,691 pcm
(432)
£2,437 pcm
(536)
£2,837 pcm
(175)
£3,328 pcm
(32)
£4,602 pcm
(1)
All £1,692 pcm
(446)
£2,441 pcm
(566)
£3,065 pcm
(217)
£3,916 pcm
(53)
£5,876 pcm
(2)

Fun facts for N1

Highest value in N1
Highest value streets Zed-Index
Alwyne Road £3,222,691
Duncan Terrace £2,750,453
Vincent Terrace £2,721,218
Alwyne Villas £2,563,758
Canonbury Park South £2,532,072
Highest turnover in N1
Highest turnover streets Turnover
Wellesley Terrace 78.6%
Baldwin Terrace 71.4%
Park Place 64.3%
St. Philip's Way 45.5%
Shillingford Street 45.5%

What Zoopla users think of N1

Overall rating:

  • currently 4 stars
Very good - 84% (293 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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  • currently stars
  • 1
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Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Haggerston (0.4 miles)
  • Hoxton (0.5 miles)
  • Essex Road (0.6 miles)
  • London City Airport (6.4 miles)
  • London Heathrow Airport (16.8 miles)
  • London Luton Airport (26.4 miles)
  • Tower Millennium Pier (2.0 miles)
  • Blackfriars Millennium Pier (2.0 miles)
  • Bankside Pier (2.0 miles)

Nearby schools

View all schools in Hackney
  • Rosemary Works School (0.1 miles)
  • Shoreditch Park Primary School (0.2 miles)
  • Hoxton Garden Primary (0.2 miles)
  • Tech City College (0.8 miles)
  • North Bridge House Senior Canonbury (0.8 miles)
  • Hackney City Farm (0.8 miles)
  • Hackney New School (0.3 miles)
  • The Bridge Academy (0.5 miles)
  • Haggerston School (0.6 miles)
Note: Distances are straight line measurements

Local info for Hackney

About the neighbours in N1

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For more information about this property, please contact
Stirling Ackroyd - Shoreditch, EC2A on +44 20 8022 5547 * (local rate)

Monthly running costs Beta

£1,553 Monthly total
Mortgage
Purchase price
Deposit (10%) 37,500
Repayment term 25
Interest rate 1.5
Your payment £1,349 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance Rebuild value up to £1,000,000 Contents value up to £100,000 Average insurance cost £30/mo (£362/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £28 Electricity £34 Estimated energy cost £62/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 9500 kWh/year
Electricity: 2800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Hackney

Estimated tax band A Council tax cost £86 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £13 Sewerage £13 Estimated water cost £26 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Stirling Ackroyd - Shoreditch, and do not constitute property particulars. Please contact Stirling Ackroyd - Shoreditch for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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