Property management in Islington, London

2 bed rent

£3,620 a month

3 bed rent

£4,635 a month

Typical sale price

£887,300

Gross yield

3.1%

Read around N1. Rents are advertised rents; the sale price is the average of completed sales in the last twelve months.

Islington is an inner London borough and rents are well above the London average, driven by its location close to the City and the West End and by its reputation for period housing and good transport links. It is a compact, densely built borough with little in the way of open suburban space, which keeps demand concentrated on its residential streets.

Georgian and Victorian terraces line much of the borough, particularly around Barnsbury, Canonbury and the New River Conservation Area, and many of these have been converted into flats over the years. Angel and Upper Street also have a concentration of purpose-built and converted flats above shops, cafes and restaurants, while Finsbury Park and Holloway to the north have a slightly less formal, more mixed housing stock, including some larger converted houses split into several flats.

Angel, Highbury and Islington, and Old Street stations connect the borough to the City, Shoreditch and the West End within minutes, and the Victoria and Northern lines along with the East London line make commuting straightforward, so tenants tend to be young professionals, sharers and couples working in the City, media or tech sectors. A smaller number of established families remain in the larger period houses around Barnsbury and Canonbury.

This concentration of working professionals means demand is closely tied to office-based employment in central London, so a landlord letting here is generally letting into a market with strong transport credentials and consistent interest from tenants who want to be close to work, and turnover between tenancies tends to be relatively quick given the young, mobile nature of much of the tenant base.

• Rent collected and paid to you within 3 working days of your tenant paying
• Your rent held in a ring-fenced client account, separate from Caso's own money, until it is paid to you
• Tenant calls and messages answered 24 hours a day, every day
• Repairs assessed, priced and arranged for you, charged at the contractor's invoice with no markup
• A monthly statement for each property, with every invoice attached, in your portal
• Late rent chased from the first day it is overdue, with a dated record
• Tenancy agreement drawn up and signed online
• Renewals, changes of tenant and legal notices prepared and served
• Rent reviewed every year and the Section 13 rent increase notice served for you
• Deposit protected with the Tenancy Deposit Scheme within 30 days, and the deposit paperwork the law requires served on your tenant
• Deposit deductions agreed and the deposit returned at the end of the tenancy
• Gas safety, electrical safety and energy certificates renewed before they expire, at cost
• Smoke and carbon monoxide alarms checked and recorded
• Council landlord licence applied for where your area needs one, and its renewal date tracked
• Optional: rent guarantee at cost, with no markup. You are paid even when the tenant does not pay.

Selective or HMO licence (council licence). The London Borough of Islington has no selective licensing scheme currently. A shared home let to five or more people from more than one household still needs a mandatory HMO licence.