Available
London N16 – 4 Flats
49 Newington Green. London N16 9PXVirtual Freehold Residential Investment
Price
£1,000,000
Rent P.A.
£57,540
Yield
5.75%
Tenure
Leasehold
Area
1,192 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises 4 residential flats (2 x 1-Bed and 2 x Studio)
- Situated within short walk to Canonbury Train station, with occupiers nearby including Pharmacy, Restaurants, Bars and many more.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
The property comprises mid-terrace 4 residential flats, arranged over rear ground, first and second floor, providing the following accommodation and dimensions:
Rear Ground Floor:
Flat A - 38.18 sq m (411 sq ft)
Kitchen, Living/Dining Room, Bedroom, Bathroom
First Floor:
Studio Flat B - 16.72 sq m (180 sq ft)
Open Plan Studio, Bathroom
Studio Flat C - 17.09 sq m (184 sq ft)
Open Plan Studio, Bathroom
Second Floor:
Flat D - 38.74 sq m (417 sq ft)
Kitchen/Living Room, Bedroom, Bathroom
Total NIA: 110.70 sq m (1,192 sq ft)
Rear Ground Floor:
Flat A - 38.18 sq m (411 sq ft)
Kitchen, Living/Dining Room, Bedroom, Bathroom
First Floor:
Studio Flat B - 16.72 sq m (180 sq ft)
Open Plan Studio, Bathroom
Studio Flat C - 17.09 sq m (184 sq ft)
Open Plan Studio, Bathroom
Second Floor:
Flat D - 38.74 sq m (417 sq ft)
Kitchen/Living Room, Bedroom, Bathroom
Total NIA: 110.70 sq m (1,192 sq ft)
Tenancy Description
Flat A is at present let on AST to an Individual for a term of 12 Months from 16th December 2021 at a current rent of £15,600 per annum. Deposit held of £1,300.
Flat B is at present let on AST to an Individual for a term of 12 Months from 25th February 2023 at a current rent of £13,200 per annum. Deposit held of £1,100.
Flat C is at present let on AST to an Individual for a term of 12 Months from 12th November 2022 at a current rent of £10,740 per annum. Deposit held of £950.
Flat D is at present let on AST to an Individual for a term of 12 Months from 30th July 2022 at a current rent of £18,000 per annum. Deposit held of £1,730.
Flat B is at present let on AST to an Individual for a term of 12 Months from 25th February 2023 at a current rent of £13,200 per annum. Deposit held of £1,100.
Flat C is at present let on AST to an Individual for a term of 12 Months from 12th November 2022 at a current rent of £10,740 per annum. Deposit held of £950.
Flat D is at present let on AST to an Individual for a term of 12 Months from 30th July 2022 at a current rent of £18,000 per annum. Deposit held of £1,730.
Tenancies & Accommodation

Location Description
Newington Green is an open space in North London between Islington and Hackney. It gives its name to the surrounding area, roughly bounded by Ball's Pond Road to the south, Petherton Road to the west, Green Lanes and Matthias Road to the north, and Boleyn Road to the east. Local shops and amenities are available along Green Lanes (A105) to the west and the further facilities of Islington are also accessible. Canonbury Overground Station is located approximately half a mile to the south and Highbury and Islington Underground Station (Victoria Line and National Rail Services) is to the south-west. The open spaces of Clissold Park are also within reach to the north. Occupiers nearby including Pharmacy, Restaurants, Bars and many more.