560 Caledonian Road, London N1

Published: 07/06/2024 By The Development Group


A discounted high yielding residential investment opportunity for 3 apartments.

  • An opportunity to acquire a high yielding residential investment for 3 x apartments all with the benefit of allocated off street parking. 

  • The property is located on Caledonian Road and is approximately an 8 minute walk from Caledonian Road underground station and a short walk from both Caledonian Road and Brondesbury and Highbury and Islington Stations. 

  • The property currently comprises 3 x apartments made up of 2 x 2 beds and 1 x 1 bed extending in total area to approximately 2,179sqft NSA. The ground floor 2 bed benefits from a large garden to the rear. All apartments have an allocated parking space to the front of the property. 

  • The apartments are fully let generating £115,200pa reflecting a gross initial yield of 8.26% at the asking price. We are advised that the 2 bedroom apartments are let to students and the living area is currently utilised as an extra bedroom. 

  • The property was converted in 2016 from a single dwelling house into 3 apartments. We are advised that the vendor did not apply for planning permission for such works. All 3 properties have been operational since the date of conversion and are individually rated for Council Tax allowing an incoming purchaser to apply for a lawful development certificate if they wish. We advise all potential purchasers to satisfy themselves around this point prior to submitting any offer.

  • Please find attached an accommodation/ rental schedule together with the floor plans.  

  • Asking price: £1,395,000 unconditionally reflecting a low capital value of £640psf