Flat 64, Terrace Apartments, 40, Drayton Park, London, N5 1PW

Description

Leasehold fourth floor flat Location: The property is located on Drayton Park. Shopping amenities are available locally with a further range of amenities found within Central London lying to the south. Public transport links are available at Drayton Park train station located to the north and at Holloway Road London Underground Station (Piccadilly Line) lying to the north west along with a network of local bus services serving the surrounding areas. The property is served by road links including the A1 located to the west and the A10 lying to the east. Recreational pursuits can be found at Highbury Fields located to the south east. Accommodation: Principle bedroom with en-suite, one further bedroom, reception room open plan to kitchen, bathroom/wc EPC Rating: C Council Tax Band: E Lease: Held on a lease for a term of 155 years from 01/06/2007 at a ground rent of £TBC per annum. To view: 28/8 11am, 5/9 at 1pm No booking required – Please arrive at the time stated

Location

The property is located on Drayton Park. Shopping amenities are available locally with a further range of amenities found within Central London lying to the south. Public transport links are available at Drayton Park train station located to the north and at Holloway Road London Underground Station (Piccadilly Line) lying to the north west along with a network of local bus services serving the surrounding areas. The property is served by road links including the A1 located to the west and the A10 lying to the east. Recreational pursuits can be found at Highbury Fields located to the south east. Accommodation: Principle bedroom with en-suite, one further bedroom, reception room open plan to kitchen, bathroom/wc

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £10,000–£25,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆