Chestertons Estate Agents says ..

Property Oracle says ..

This six-bedroom property on Liverpool Road, Islington, N1, presents a compelling but complex investment opportunity. Located in the desirable Islington area of London, the property benefits from excellent access to transport links, including proximity to Highbury & Islington tube station. Several highly-rated schools are also within walking distance, making it potentially attractive to families. The property itself is a period building with some architectural features that could be restored to enhance its value. However, the property is in need of significant renovation. The interior images reveal various areas needing attention, from damaged walls and ceilings to outdated bathrooms and kitchens. The garden, while present, appears overgrown and requires substantial landscaping. The listed price of £2,000,000 needs to be considered in the context of the extensive renovation required. While Islington property values are high, this price may reflect the potential value after refurbishment, but it’s crucial for prospective buyers to factor in the significant costs associated with bringing the property up to a modern standard. A thorough survey and detailed costings for renovation are essential before making an offer. Therefore, this property presents a significant project, but with the potential for a substantial return on investment if the renovation is executed successfully and the property is marketed effectively to the target audience. The current state of the property, however, is far from move-in ready.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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