Description

For sale via online auction. Starting price 175,000 terms and conditions apply. Cash buyers only. An excellent studio apartment with beautiful features and a separate kitchen located brilliantly on Holloway Road. This is a fantastic property benefits from a bright and airy reception/living area with skylight, separate bedroom area, fully-fitted separate kitchen, secure entrance and stylish bathroom. The apartment is perfectly located between Holloway and Highbury & Islington Tube stations. Ideal Continued...

Letting fees

No tenancy admin fees apply to tenancies signed after 1st June 2019.

You will be required to pay a Holding Deposit, equivalent to 1 week's rent in order to commence the process to reserve a property for consideration for tenancy.

The Holding deposit can be held for up to 15 days (The Deadline for Agreement) by which time unless mutually agreed to be extended the tenancy agreement must be signed and entered into.

The Holding Deposit is refundable (within seven days) to the tenant when the landlord and tenant agree a tenancy agreement (or where agreed in writing, can be used as part payment towards the first month's rent where a tenancy is agreed); It is also refundable to the tenant where the landlord decides before the deadline to not enter into a tenancy agreement or where the landlord and tenant fail to agree to a tenancy agreement before the deadline.

The Holding Deposit will be retained by the landlord or us as letting agent in the following circumstances:

Where the tenant applicant fail the Right to Rent check regardless of when the deposit was accepted.

Where the tenant provides false or misleading information, which we have reasonably relied upon to consider the decision to grant the tenancy because this materially affects suitability to rent the property.

Where the tenant notifies the landlord or us before the deadline for agreement that they have decided not to enter a tenancy agreement.

Where the tenant fails to take all reasonable steps to enter into a tenancy agreement.

Once your offer has been accepted the full monies for the commencement of the tenancy will fall due, including typically the first month's rent, and a deposit equivalent to 5 weeks rent (if annual rent for the tenancy is less than £50,000). The Holding deposit can be utilised towards the first month's rent.

Tenant Protection

ludlowthompson is a member of ARLA Propertymark, which is a client money protection scheme, and also a member of The Property Ombudsman, which is a redress scheme. You can find out more details on the website or by contacting ludlowthompson directly.

Property features

  • Excellent Condition
  • Sought After Location
  • Bright & Airy Throughout
  • Brilliant Transport Links
  • EPC
Travel time to work:

  • Drayton Park - 0.40km, 6 mins walk
    • National Rail
  • Highbury and Islington - 0.47km, 7 mins walk
    • National Rail
  • Holloway Road - 0.47km, 7 mins walk
    • Piccadilly

Rental Yield

Average rental value

£219pw

Average weekly rent of nearby studios.

Annual rental yield

6.5%

Gross yield if rented for the average rent.

Sale price

We don't have average sale prices for studios in this area. Sorry!

Price growth

Last 5 year price growth

Property prices in this area have increased at this rate per year over the last 5 years.

Estimated Value in 5 years

If historic price growth continues, this property could be worth this much in 5 years.

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Marketed by

Ludlow Thompson - Finsbury Park
8 Blackstock Road, London, N4 2DL

020 3542 2132

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