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Devonia Road, London, N1

London

£650,000
Listed on 06/02/2026

Property Details

Bedrooms
2
Type
Flat
Area
883 sqft

Description

This two-bedroom flat, spanning both lower ground and ground floors, presents a compelling opportunity for renovation in a prime London location. Accessed from a charming Georgian façade, the property features a lobby that leads into a spacious reception area, kitchen, and bathroom. The lower ground floor hosts two double bedrooms equipped with built-in storage, providing ample space for transformation. Notably, the flat boasts generous outdoor space that holds potential for extension pending necessary approvals. While the interior requires significant modernisation to meet contemporary living standards, this serves as an exciting canvas for future owners looking to create a tailored living environment in one of London's most desirable neighbourhoods. Additionally, its proximity to an array of shops, restaurants, and parks enhances its appeal to both professionals and families. Conveniently located near Angel Underground Station and just one stop from King's Cross St Pancras, commuting is made easy. This property not only offers a comfortable home but also an excellent investment opportunity in an area known for its vibrant community and amenities.

Investment Analysis

(N1 area)

Below Market Value

This property is priced -24.2% below area average per sq ft

-24.2%
Potential saving
This Property
£736/sq ft
Area Average
£971/sq ft
Avg Rent (weekly)
£641
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£942,889
10% above area average per sq ft
Potential ROI
+32.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
60
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (N1)

Area prices are falling by -5.7% over the last 12 months
3 year growth: -4.7%
5 year growth: -8.1%
Investment Disclaimer: Analysis based on N1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Devonia Road, London, N1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,344
Based on a loan of £487,500 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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