4 Bed Flat, Single Let, London, N1 6PN, £500,000

Malcolm House, Arden Estate, Islington, N1 6PN - 3 views - a year ago

Leasehold

BTL

ROI: 2%

~82 m²

+10 photos

ValuationUndervalued

Sold Prices	£360K - £3.6M
Sold Prices/m²	£2.6K/m² - £13.9K/m²

Square Metres	~82.46 m²
Price/m²	£6.1K/m²
Value Estimate	£615,000£615,000
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£125,000£125,000
Stamp Duty & Legal Fees	£28,700£28,700
Total Cash In	£153,700£153,700

Cash Out
Rent Range	£2,200 - £6,500£2,200 - £6,500
Rent Estimate	£2,350
Running Costs/mo	£2,053£2,053
Cashflow/mo	£298£298
Cashflow/yr	£3,570£3,570
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

36 sold prices from £360K to £3.6M, average is £730K. £2.6K/m² to £13.9K/m², average is £7.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£360K	08/21	0.07 mi	25, Purcell Street, London, Greater London N1 6RD	£4,657	77	4	Flat
£1.4M	07/23	0.48 mi	16, Taplow Street, London, Greater London N1 7TS	£10,455	132	4	Flat
£603K	03/21	0.48 mi	Flat 10, James Brine House, Ravenscroft Street, Bethnal Green, London, Greater London E2 7QQ	-	-	4	Flat
£615.7K	11/21	0.64 mi	8, Spellbrook Walk, London, Greater London N1 8TL	£6,299	98	4	Flat
£508.5K	05/23	0.66 mi	Flat 21, Scriven Court, Livermere Road, London, Greater London E8 4LD	-	-	4	Flat
£952.5K	03/21	0.69 mi	324a, Hackney Road, London, Greater London E2 7AX	£10,718	89	4	Flat
£478K	12/20	0.8 mi	Flat 61, Peregrine House, Hall Street, London, Greater London EC1V 7PQ	-	-	4	Flat
£2.1M	09/23	0.82 mi	Lower Ground Floor Flat, 123, Culford Road, London, Greater London N1 4HT	-	-	4	Flat
£565K	01/23	0.82 mi	Flat 12, Gillman House, Pritchards Road, London, Greater London E2 9BL	-	-	4	Flat
£1.3M	04/21	0.91 mi	Flat 23, Cromwell Tower, Barbican, London, Greater London EC2Y 8DD	-	-	4	Flat
£1.1M	03/21	0.91 mi	Flat 21, Cromwell Tower, Barbican, London, Greater London EC2Y 8DD	-	-	4	Flat
£685K	01/23	1 mi	Flat 118, Grimthorpe House, Percival Street, London, Greater London EC1V 0BR	-	-	4	Flat
£1.6M	06/21	1.04 mi	Flat 242, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY	-	-	4	Flat
£1.6M	09/22	1.04 mi	Flat 182, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY	-	-	4	Flat
£1.6M	11/22	1.04 mi	Flat 121, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY	-	-	4	Flat
£1.6M	03/21	1.04 mi	Flat 222, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY	-	-	4	Flat
£1.8M	05/23	1.04 mi	Flat 63, Lauderdale Tower, Barbican, London, Greater London EC2Y 8BY	£11,521	155	4	Flat
£2.3M	09/22	1.06 mi	10, The Postern, London, Greater London EC2Y 8BJ	£13,267	176	4	Flat
£610K	12/21	1.06 mi	1, Walney Walk, London, Greater London N1 2PU	£6,777	90	4	Flat
£472.6K	12/20	1.07 mi	Flat 47, Chicksand House, Chicksand Street, London, Greater London E1 5LH	-	-	4	Flat
£1.3M	08/22	1.08 mi	28, Woodbridge Street, London, Greater London EC1R 0HP	£13,932	96	4	Flat
£865K	10/20	1.29 mi	54c, Beresford Road, London, Greater London N5 2HZ	-	-	4	Flat
£500K	09/23	1.29 mi	Flat 2, Ashfield House, Highbury Estate, London, Greater London N5 2NU	-	-	4	Flat
£450K	04/21	1.33 mi	Flat 17, Pearfield House, Highbury Estate, London, Greater London N5 2DG	-	-	4	Flat
£877.5K	06/21	1.35 mi	Flat 3, Riceyman House, Lloyd Baker Street, London, Greater London WC1X 9BH	-	-	4	Flat
£650K	11/20	1.36 mi	Flat 3, Holford House, Great Percy Street, London, Greater London WC1X 9EZ	-	-	4	Flat
£650K	11/20	1.36 mi	Flat 3, Holford House, Great Percy Street, London, Greater London WC1X 9EZ	-	-	4	Flat
£795K	04/23	1.41 mi	57, Cecilia Road, London, Greater London E8 2ES	£9,034	88	4	Flat
£490K	03/23	1.45 mi	27, Cleveland Way, London, Greater London E1 4TZ	£2,596	189	4	Flat
£425K	06/21	1.47 mi	Flat 5, Colebert House, Colebert Avenue, London, Greater London E1 4JP	-	-	4	Flat
£660K	08/23	1.61 mi	75, Albion Road, London, Greater London N16 9PL	£5,156	128	4	Flat
£1.1M	03/21	1.63 mi	102, Milton Grove, Stoke Newington, London, Greater London N16 8QY	-	-	4	Flat
£390K	04/23	1.65 mi	Flat 5, Le Moal House, Stepney Way, London, Greater London E1 3HQ	-	-	4	Flat
£775K	03/21	1.74 mi	First And Second Floor Flat, 61, Drayton Park, London, Greater London N5 1NT	-	-	4	Flat
£3.6M	10/20	1.76 mi	Flat 29, Ivory House, East Smithfield, London, Greater London E1W 1AT	-	-	4	Flat
£396K	09/23	1.82 mi	2, Shadwell Gardens, London, Greater London E1 2QG	£5,013	79	4	Flat

Local Rents

50 rents from £2.2K/mo to £6.5K/mo, average is £3.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,680	04/25	0.01 mi	-	4	Terraced House
£3,500	02/25	0.02 mi	-	3	Flat
£3,500	12/24	0.03 mi	-	4	Flat
£2,950	12/24	0.04 mi	-	3	Flat
£4,250	12/24	0.04 mi	-	4	Flat
£2,500	12/24	0.05 mi	St. John's Estate, Buckland Court St. John's Estate, N1	3	Flat
£3,000	12/24	0.06 mi	-	3	Flat
£3,000	12/24	0.06 mi	Crondall Court, London, N1	3	Flat
£4,399	02/25	0.07 mi	-	3	Flat
£4,250	03/25	0.07 mi	-	3	Flat
£4,250	04/25	0.07 mi	-	3	Flat
£4,250	04/25	0.07 mi	-	3	Flat
£3,250	12/24	0.07 mi	Purcell Street, Hoxton, N1	3	Flat
£3,300	12/24	0.08 mi	Falstaff House, London, N1	3	Flat
£3,500	12/24	0.08 mi	-	3	Flat
£2,750	05/24	0.09 mi	Macbeth House, Arden Estate, Hoxton	3	Flat
£3,200	12/24	0.09 mi	Crondall Court, Hoxton, London, N1	3	Flat
£4,333	12/24	0.09 mi	-	5	Flat
£3,500	12/24	0.11 mi	-	3	Flat
£3,500	03/25	0.11 mi	-	3	Flat
£2,750	12/24	0.12 mi	-	3	Flat
£3,000	12/24	0.12 mi	-	3	Flat
£2,650	12/24	0.12 mi	-	3	Flat
£6,500	12/24	0.12 mi	Hoxton Street, Shoreditch, London, N1	6	Flat
£3,200	04/25	0.14 mi	-	3	Flat
£2,700	02/25	0.15 mi	-	3	Flat
£2,700	02/25	0.15 mi	-	3	Flat
£3,250	12/24	0.15 mi	-	3	Flat
£3,250	12/24	0.15 mi	-	3	Flat
£4,000	05/24	0.16 mi	3 Bedroom Flat – New North Road, Old Street N1	3	Flat
£3,495	12/24	0.16 mi	3 Bedroom Flat – New North Road, Old Street N1	3	Flat
£4,100	05/24	0.17 mi	The Bevenden, N1, Hoxton, London, N1	3	Flat
£2,750	03/24	0.17 mi	Finn House, Bevenden Street, Hoxton, N1	3	Flat
£3,100	12/24	0.18 mi	-	3	Terraced House
£3,100	12/24	0.18 mi	-	3	Terraced House
£2,800	02/25	0.18 mi	-	3	Flat
£4,975	12/24	0.19 mi	Mintern Street, London	3	Flat
£2,200	03/24	0.19 mi	Finn House, London, N1	3	Flat
£2,200	05/24	0.19 mi	-	3	Flat
£2,350	01/25	0.19 mi	-	3	Flat
£2,350	04/25	0.19 mi	-	3	Flat
£4,500	12/24	0.19 mi	The Spectrum Buildings, East Road, Islington, London, N1	3	Flat
£3,000	05/24	0.2 mi	-	3	Flat
£2,950	12/24	0.2 mi	-	3	Flat
£4,300	12/24	0.2 mi	John Parry Court, Hare Walk, London, N1	4	Flat
£3,100	12/24	0.2 mi	John Parry Court, London, N1	3	Flat
£3,400	03/25	0.2 mi	-	3	Flat
£2,600	05/24	0.21 mi	Hobbs Place Estate, Hoxton, London, N1	3	Flat
£2,499	02/25	0.21 mi	-	3	Flat
£2,500	02/25	0.21 mi	-	3	Flat

Local Area Statistics

Population in N1	89,89389,893
Population in London	4,771,9214,771,921
Town centre distance	1.04 miles away1.04 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.22 miles away0.22 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-6%-6%

Property History

Price changed to £500,000

January 27, 2025

Listed for £550,000

November 23, 2023

Floor Plans

Description

Four Bedrooms +
Balcony +
Separate Kitchen +
Second Floor +
Close to Hoxton Market +
Old Street Close by +
Lift Access +

Guide Price £500,000 - £550,000 Malcolm House is situated moments form Hoxton Market. Shoreditch, Hoxton Square, Old Street and Shoreditch Park are also all close by.

This four bedroom second floor apartment has a good size living room with a balcony leading off. There is a separate kitchen breakfast room.

There are three double bedrooms and a good size fourth bedroom. The bathroom is also a generous size.

The apartment is ideally located for all that the area has to offer. Hoxton Market is moments away. Hoxton Square is also on the doorstep. Shoreditch is just down the road and Shoreditch Park a little to the north, Old Street and the City are also close by.

Old Street tube (Northern Line) is a short distance away as is Hoxton Overground.

Agent Details

Felicity J Lord, Islington

020 4538 3919

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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