Good Saving Market Knowledge Off Market

Aberdeen Road

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Price
£2,023,000
Date Sourced
April 2024
Service
Buying, Investing
Result
Good Saving, Market Knowledge, Off Market

The Brief

Our clients were looking for a multi-unit building with 4-8 flats to be rented, with one unit to be retained for personal use.

The Challenge

Our clients were looking for a multi-unit building with 4-8 flats to be rented, with one unit to be retained for personal use. Their preferred area was East London, anywhere from Islington around to the wider Hackney area. The budget for the purchase was in the range of £2m-6m.

What We Did

We successfully sourced a unique opportunity on Aberdeen Road in Highbury N5. The property is Freehold and made up of five flats, all currently let. It had been in the same ownership since the 1970’s and was secured completely off-market by Black Brick. This popular residential location benefits from being a short walk to Clissold Park and Stoke Newington, one of London’s most vibrant northern neighbourhoods.

The Unfair Advantage

We fully understood the clients’ brief and were able to find them this unique investment opportunity, completely off-market. We negotiated a purchase price of £2,023,000, equating to under £700 per square foot, a highly competitive price for the area.

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