ISLINGTON - Ajay Ahuja

Area:	Islington
Catergory:	A
Postcode:	N1
In Congestion Zone:	No – 0.4 miles outside.
Parking and Traffic:	Permits & Meters. Angel and Upper Street gets congested.
Ethnicity Bias:	None
Investor Profile	Pension, Business, Cash&Equity, University
Crime:	Violence		Sexual		Burglary		Motor
Per 1000 population	32		2		17		14
Yield Range:	5.2% - 9.2%
Price Ranges	Low £	Hi £		Low £pw	Hi £pw	Low		Hi
Studio flat	105,000	145,000		185	240	8.6%		9.2%
1 bed flat	120,000	210,000		210	300	7.4%		9.1%
2 bed flat	210,000	325,000		255	465	6.3%		7.4%
2 bed house	320,000	550,000		355	555	5.2%		5.8%
3 bed house	340,000	650,000		450	825	6.6%		6.9%
Valuations above the London average by:	17.7% (£284,573)
	Actual				London Average
Capital growth last 12 months:	13.5%				19%
Capital growth last 48 months:	58.0%				89%
Tube:	Highbury and Islington Victoria Line (Zone 2) – 8 mins to Kings Cross. Angel Northern Line (Zone1) 3 mins to Euston 10 mins to City.
Demand For Letting:	Good
Average void period:	8 days
	Total (out of 10)			Capital Growth (out of 5)		Yield (out of 5)
Out of 10:	7			4		3
Summary:	Great place to live – your tenants will appreciate it!
Sought After Streets:	City Road, Essex Road and St Marys Grove.
Description:	One of the first areas to experience gentrification in the 90s. Its now rife with investors and rightly so as there are good yields to be had and there are plenty of new and nearly new developments for sale. Flats are in abundance and two bed flats look the best bet for those professional sharers. The one bed flats are good near the Angel for the professionals working in and around the office space that dominate the area. People want to live here as they can get more for their money. They’re coming in from Hampstead, Maida Vale, Camden and even from south of the river. There are plenty of stations to choose from – the two listed above, Caledonian Road, Holloway Road, Drayton Park and the soon to be tube station Canonbury Rail Station. This has led to the attraction of the area and hence tenant demand is strong. This used to be Tony Blair’s home town till he sold up for £565,000 in the mid 90s. Its now worth well over £1m. The area is well serviced by the usual bars, restaurants and coffee shops all mainly chains and there just seems to be more and more of them springing up. Islington is firmly on the map and will be for at least another 20 years. It’s a safe place to invest but as with all the young professional rented sector – keep abreast of events happening in the city as some of the rented market in Islington will be reliant on it.
Estate Agents:	Name		Address		Tel		Web
	Thomson Currie		313 Upper Street, Islington, London, N1 2XQ		020 7354 5224		www.thomsoncurrie.co.uk
	Drivers & Norris		407-409 Holloway Road, Islington, London, N7 6HP		020 7607 5001
	Hotblack Desiato		314 Upper Street, Islington, London, N1 2XQ		020 7226 0160
	Carlton Estate Agents		319 Upper Street, Islington, London, N1 2XQ		020 7359 0000		www.carltonestateagents.co.uk
	Copping Joyce		327-329 Upper Street, Islington, London, N1 2XQ		020 7359 9777		www.coppingjoyce.co.uk
	Currells Residential		321 Upper Street, Islington, London, N1 2XQ		020 7226 4200
	Hugh Grover Associates		325 Upper Street, Islington, London, N1 2XQ		020 7226 1010		www.hughgrover.co.uk
	Austin Daniels		268 Upper Street, Islington, London, N1 1RQ		020 7688 0888
	Warmans		312 St Pauls Road, Islington, London, N1 2LQ		020 7226 2233
	Prestige Properties		595 Holloway Road, Islington, London, N19 4DJ		020 7272 6464		www.prestige-properties.net
Letting Agents:	Name		Address		Tel		Web
	Kinleigh Folkard & Hayward		298 Upper Street, Islington, London, N1 2TU		020 7359 3636		www.kfh.co.uk
	Hamptons International		87 Upper Street, London, N1 0NP		020 7359 5675		www.hamptons.co.uk
	Copping Joyce		327-329 Upper Street, London, N1 2XQ		020 7226 4221		www.coppingjoyce.co.uk
	Evans Baker Lettings		350 Upper Street, London, N1 0PD		020 7226 4994
	The Property Bureau		320 Upper Street, London, N1 2XQ		020 7354 4004
	Currell Lettings Ltd		309 Upper Street, London, N1 2TU		020 7226 9898

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