2 Bed Flat, Single Let, London, N1 7NL £450,000

Rhodes House, Provost Estate, Islington, N1 7NL - 7 views - 9 months ago

BTL

ROI: 2%

~68 m²

ValuationUndervalued

Sold Prices	£162.5K - £1.3M
Sold Prices/m²	£2.7K/m² - £14.7K/m²

Square Metres	~68.11 m²
Price/m²	£6.6K/m²
Value Estimate	£540,000£540,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£24,700£24,700
Total Cash In	£137,200£137,200

Cash Out
Rent Range	£1,950 - £6,000£1,950 - £6,000
Rent Estimate	£2,000
Running Costs/mo	£1,826£1,826
Cashflow/mo	£174£174
Cashflow/yr	£2,085£2,085
ROI	2%2%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £162.5K to £1.3M, average is £600K. £2.7K/m² to £14.7K/m², average is £9.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£485K	07/25	0.03 mi	Flat 10, Nile House, Provost Estate, Hackney, London N1 7NJ	-	-	2	Flat
£390K	05/25	0.12 mi	Flat 75, Evelyn Court, Evelyn Walk, Hackney, London N1 7PS	£7,500	52	2	Flat
£435K	06/23	0.12 mi	Flat 57, Finn House, Bevenden Street, London, Greater London N1 6BL	-	-	2	Flat
£425K	08/24	0.14 mi	Wenlock Court, Flat 29, New North Road, London, Greater London N1 7QR	£7,328	58	2	Flat
£950K	06/25	0.17 mi	Flat 108, 145, City Road, Hackney, London EC1V 1AA	£11,875	80	2	Flat
£950K	06/25	0.17 mi	Flat 108, 145, City Road, Hackney, London EC1V 1AA	-	-	2	Flat
£436K	04/23	0.18 mi	157, Haberdasher Street, London, Greater London N1 6EH	-	-	2	Flat
£575K	07/25	0.18 mi	92, Haberdasher Street, Hackney, London N1 6EJ	-	-	2	Flat
£468K	12/22	0.19 mi	Flat 20, Alford Court, Shepherdess Walk, London, Greater London N1 7JW	-	-	2	Flat
£430K	06/21	0.19 mi	Flat 45, Alford Court, Shepherdess Walk, London, Greater London N1 7JW	-	-	2	Flat
£515K	04/24	0.19 mi	Shaftesbury Court, Flat 84, Shaftesbury Street, Hackney, London N1 7HN	£7,923	65	2	Flat
£605K	08/25	0.2 mi	136, Haberdasher Street, Hackney, London N1 6EJ	-	-	2	Flat
£862.5K	03/25	0.25 mi	Flat 17, Imperial Hall, City Road, London EC1V 2NR	£8,456	102	2	Flat
£405K	10/21	0.26 mi	Flat 63, Royal Oak Court, Pitfield Street, London, Greater London N1 6EN	-	-	2	Flat
£425K	04/24	0.26 mi	Royal Oak Court, Flat 44, Pitfield Street, Hackney, London N1 6EN	£6,855	62	2	Flat
£500K	01/23	0.27 mi	32, Pitfield Street, London, Greater London N1 6EU	£8,065	62	2	Flat
£485K	08/24	0.27 mi	Bracklyn Court, Flat 115, Wimbourne Street, Hackney, London N1 7ES	£6,467	75	2	Flat
£560K	08/24	0.28 mi	Royal Oak Court, Flat 125, Pitfield Street, Hackney, London N1 6ET	£9,333	60	2	Flat
£460K	11/23	0.28 mi	Flat 80, Royal Oak Court, Pitfield Street, London, Greater London N1 6EP	-	-	2	Flat
£465K	03/25	0.28 mi	Buckland Court, Flat 27, St Johns Estate, Hackney, London N1 6TY	£6,200	75	2	Flat
£640K	03/25	0.29 mi	17 21 Cube Building, Flat 11, Wenlock Road, Hackney, London N1 7GT	-	-	2	Flat
£450K	06/21	0.3 mi	Flat 27, Shoreditch House, Charles Square, London, Greater London N1 6HL	-	-	2	Flat
£420K	03/25	0.3 mi	11, Newland Court, Old Street, London EC1V 9NS	£5,753	73	2	Flat
£520K	02/25	0.3 mi	Newland Court, 44, Old Street, London EC1V 9NS	£7,324	71	2	Flat
£900K	11/24	0.31 mi	257 Canaletto Tower, Flat 1104, City Road, London EC1V 1AE	£11,538	78	2	Flat
£430K	03/23	0.31 mi	Flat 17, Hathaway House, Myrtle Street, London, Greater London N1 6QE	-	-	2	Flat
£799.2K	03/25	0.32 mi	Flat 5, 20 21 St Lukes View, Bartholomew Square, London EC1V 3QT	-	-	2	Flat
£162.5K	05/25	0.33 mi	Flat 1, 164 Angel Wharf, Shepherdess Walk, Hackney, London N1 7JL	£2,708	60	2	Flat
£890K	03/25	0.33 mi	Flat 1, 3, Bracklyn Street, Hackney, London N1 7TX	£10,230	87	2	Flat
£500K	01/23	0.34 mi	Flat 27, Celia House, Arden Estate, London, Greater London N1 6RB	-	-	2	Flat
£740K	01/25	0.35 mi	1 Carrara Tower, Apartment 32, Bollinder Place, London EC1V 2AD	£11,212	66	2	Flat
£1.1M	02/25	0.35 mi	Apartment 81, 1 Carrara Tower, Bollinder Place, London EC1V 2AE	£11,526	95	2	Flat
£840K	11/24	0.36 mi	14, Flat 6, Mallow Street, London EC1Y 8RQ	£10,500	80	2	Flat
£840K	11/24	0.36 mi	Flat 6, 14, Mallow Street, London EC1Y 8RQ	-	-	2	Flat
£600K	09/24	0.36 mi	7, Flat 40, Leonard Street, London EC2A 4AN	£10,169	59	2	Flat
£600K	09/24	0.36 mi	Flat 40, 7, Leonard Street, London EC2A 4AN	-	-	2	Flat
£543K	12/22	0.37 mi	Flat 18, Burnhill House, Norman Street, London, Greater London EC1V 3PQ	-	-	2	Flat
£954K	08/23	0.38 mi	3, Paton Street, London EC1V 3PW	£11,494	83	2	Flat
£900K	07/24	0.38 mi	2, Apartment 39, Featherstone Street, London EC1Y 8AG	£12,000	75	2	Flat
£890K	03/25	0.39 mi	Flat 3, 42, Hoxton Square, Hackney, London N1 6PB	£11,266	79	2	Flat
£1.3M	10/24	0.39 mi	1 Britannia Wharf, Unit 4, Baldwin Terrace, London N1 7RU	£14,719	89	2	Flat
£600K	10/24	0.39 mi	7, Flat 202, Garden Walk, Hackney, London EC2A 3EW	£7,595	79	2	Flat
£600K	10/24	0.39 mi	Flat 202, 7, Garden Walk, Hackney, London EC2A 3EW	-	-	2	Flat
£915K	11/24	0.4 mi	Flat 15, 32 Galaxy House, Leonard Street, London EC2A 4LX	£12,534	73	2	Flat
£915K	11/24	0.4 mi	32 Galaxy House, Flat 15, Leonard Street, London EC2A 4LX	£12,534	73	2	Flat
£915K	11/24	0.4 mi	Flat 15, 32 Galaxy House, Leonard Street, London EC2A 4LX	-	-	2	Flat
£850K	07/25	0.4 mi	Flat 20, 74, Arlington Avenue, London N1 7AY	-	-	2	Flat
£800K	02/24	0.41 mi	36, Arlington Avenue, London N1 7AY	£10,000	80	2	Flat
£625K	03/25	0.41 mi	Gainsborough Studios South, 38, Poole Street, Hackney, London N1 5EE	£9,191	68	2	Flat
£595K	03/25	0.41 mi	Gainsborough Studios South, 34, Poole Street, Hackney, London N1 5EE	£9,154	65	2	Flat

Local Rents

50 rents from £1.9K/mo to £6K/mo, average is £3.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,500	11/25	0 mi	Provost Street, London, N1	2	Flat
£2,300	05/25	0.01 mi	-	2	Flat
£1,950	10/25	0.03 mi	-	2	Flat
£3,497	12/24	0.03 mi	Nile Street (5), Hoxton, London, N1	2	Flat
£3,250	12/24	0.03 mi	Nile Street (4), Hoxton, London, N1	2	Flat
£3,497	12/24	0.03 mi	Nile Street (1), Hoxton, London, N1	2	Flat
£2,500	07/25	0.03 mi	Provost Estate, London, Greater London, N1	2	Flat
£3,475	04/25	0.04 mi	-	2	Flat
£2,400	06/25	0.04 mi	-	2	Flat
£2,000	05/24	0.04 mi	Provost Estate, London	2	Flat
£2,300	12/24	0.04 mi	Provost Estate, Old Street	2	Flat
£2,350	06/25	0.04 mi	Provost Estate, Old Street	2	Flat
£2,400	08/25	0.04 mi	-	2	Flat
£4,000	10/25	0.05 mi	-	2	Flat
£4,000	09/25	0.05 mi	Nile Works, London, N1	2	Flat
£2,500	05/24	0.05 mi	-	2	Flat
£1,950	12/24	0.05 mi	Custance House, Murray Grove N1	2	Flat
£3,250	11/25	0.06 mi	Provost Street, Old Street, London, N1	2	Flat
£3,250	09/25	0.06 mi	Provost Street, Old Street, London, N1	2	Flat
£2,470	12/24	0.06 mi	-	2	Flat
£2,899	06/25	0.06 mi	Murray Grove, Hoxton, London, N1	2	Flat
£3,250	12/24	0.06 mi	Micawber Wharf, 17 Micawber Street, London, N1	2	Flat
£6,000	08/25	0.06 mi	East Road, London, N1	2	Flat
£5,500	08/25	0.06 mi	East Road, London, N1	2	Flat
£4,600	09/25	0.06 mi	The Makers, Shoreditch, London Greater London, N1	2	Flat
£4,000	10/25	0.06 mi	1 Jasper Walk, The Makers, Shoreditch, London, N1	2	Flat
£4,600	09/25	0.06 mi	Makers Building, 1 Jasper Walk, London Greater London, N1	2	Flat
£4,100	10/25	0.06 mi	The Makers Building, Jasper Walk, N1	2	Flat
£3,950	10/25	0.06 mi	Makers Building, Jasper Walk, N1	2	Flat
£4,000	09/25	0.06 mi	The Makers Building, Jasper Walk, N1	2	Flat
£4,200	09/25	0.06 mi	The Makers Building, Jasper Walk, N1	2	Flat
£4,500	08/25	0.06 mi	The Makers Building	2	Flat
£4,000	07/25	0.06 mi	Makers Building, 1 Jasper Walk, Hackney, London, N1	2	Flat
£3,999	08/25	0.06 mi	The Makers, London, N1	2	Flat
£3,800	09/25	0.06 mi	The Makers, London, N1	2	Flat
£2,580	05/24	0.07 mi	Allerton House, London, N1	2	Flat
£2,500	12/24	0.07 mi	Allerton House, London, N1	2	Flat
£2,500	12/24	0.07 mi	-	2	Flat
£2,500	12/24	0.07 mi	-	2	Flat
£4,250	06/25	0.07 mi	The Makers Building	2	Flat
£3,000	11/25	0.07 mi	The Graphite Apartments, 51 Provost Street, N1	2	Flat
£4,767	05/24	0.07 mi	-	2	Flat
£4,500	05/24	0.07 mi	-	2	Flat
£2,448	03/25	0.07 mi	-	2	Flat
£3,950	08/25	0.07 mi	Jasper Walk, Shoreditch, London, N1	2	Flat
£4,199	09/25	0.07 mi	Makers Building, N1	2	Flat
£3,950	08/25	0.07 mi	Jasper Walk, London, N1	2	Flat
£2,450	08/25	0.07 mi	-	2	Flat
£4,000	08/25	0.07 mi	The Makers, 1 Jasper Walk, N1	2	Flat
£4,300	08/25	0.07 mi	Makers Building, Jasper Walk, N1	2	Flat

Local Area Statistics

Population in N1	89,89389,893
Population in London	4,771,9214,771,921
Town centre distance	0.75 miles away0.75 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.30 miles away0.30 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-14%-14%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	-6%-6%

Property History

Listed for £450,000

February 26, 2025

Floor Plans

Description

Close to amenities +
Close to public transport +
Wood Floors +
Recently Refurbished +
Separate W.C +

Square Quarters are excited to present this stunning two bedroom apartment on the fourth floor ideally located moments to the city and Old Street in this well maintained purpose built block.

The property comprises of a spacious reception which has a partition with bi folding doors allowing this to be used as a 3rd bedroom if required. Two spacious double bedrooms, a modern recently refurbished kitchen, bathroom and separate W.C. The property boasts engineered wood floors throughout and lots of storage.

Rhodes House is located only a short distance from the fashionable restaurants, boutiques and bars of Hoxton Square and the surrounding Shoreditch area, Islingtons Upper Street is close by and there are excellent transport links into the City. The closest underground station is Old Street (Northern Line, National Rail).

Agent Details

Square Quarters, Islington

020 7183 8687

Next Steps?

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

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