1 bed flat for sale

Junction Road, London N19

This first-floor one bedroom flat presents a compelling opportunity for investors seeking strong returns in a high-demand London postcode. Currently producing an attractive gross yield of around 17.5% and sold with a short 32-year lease, the property is suited to cash buyers looking for value, uplift potential and the security of an established periodic tenancy. The flat itself offers well-proportioned accommodation with scope for light refurbishment, giving buyers the chance to enhance both capital value and future rental performance.

Pearce House occupies a convenient position along Junction Road, placing residents within easy reach of excellent transport links, vibrant local amenities and the diverse independent shops, cafés and restaurants that characterise this part of North London. The area benefits from strong year-round rental demand driven by its proximity to Archway, Tufnell Park and Upper Holloway, as well as straightforward connections into the City and West End.

Auction

To be sold by online auction (unconditional) on Thursday 29th January 2026 with a 6 week completion, bidding will open at 10.00.

To View

Viewings will be conducted prior to the auction, please visit our website to book an appointment at

Registration

All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Tenure

Leasehold

Lease

99 years (less 3 days)from 24 June 1959 - 32 years remaining.

Tenancy

Currently let on an AST for £1600 pcm. Please see legal pack for further details.

Ground Rent And Service Charge

Please see legal pack for further details.

EPC Rating

C

Council Tax Band

C - Islington

Legal Pack

For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.

Guide Prices

Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.

Additional Fees

A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

Deposit

If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.

Pre-Auction Offers

These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".

Mortgage Finance

We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.