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Basire Street, N1

London

£400,000
Listed on 01/09/2025

Property Details

Bedrooms
1
Type
Flat
Area
576 sqft

Description

This one-bedroom apartment, positioned on the second floor of a modern development in the vibrant area of Islington, presents a compelling renovation opportunity for buyers looking to invest in a property with significant potential. The flat features an open-plan reception and kitchen area equipped with integrated appliances, alongside a double bedroom that benefits from built-in wardrobe space. Additionally, there’s a bathroom fitted with both a bath and overhead shower, and two handy storage cupboards in the hallway. While the apartment is sold as seen and requires refurbishment throughout, this offers new owners the complete freedom to tailor the interior according to their preferences. With secure entry to the building, it provides peace of mind along with functional living space. Set just 0.4 miles from Angel station and 0.6 miles from Old Street station, this location lends itself well to both owner-occupiers and investors eager to capitalize on improvements in an area known for its fast transport links to King's Cross and central London. Nearby Regent's Canal and Shoreditch Park add to the appeal of this investment.

Investment Analysis

(N1 area)

Below Market Value

This property is priced -28.4% below area average per sq ft

-28.4%
Potential saving
This Property
£694/sq ft
Area Average
£970/sq ft
Avg Rent (weekly)
£679
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£614,814
10% above area average per sq ft
Potential ROI
+39.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
57
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (N1)

Area prices are falling by -2.3% over the last 12 months
3 year growth: -0.4%
5 year growth: -6.1%
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

Basire Street, N1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,417
Based on a loan of £300,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

Price History

-9.1% since listed
£400,000£25,000(-5.9%)
09/12/2025
Current price
£425,000£15,000(-3.4%)
04/10/2025
£440,000Initial listing
31/08/2025

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