A patch of pavement shows Islington’s desirability for investors

For several years now, Islington has been a highly desirable area of London for residents, business owners and property investors alike. With its vibrant restaurants and cultural scene, interesting shops and markets, many community events and lively clubs and theatres, this largely residential borough has plenty to offer and is a popular location for property buyers who have the resources to make a purchase here. However, a new investment made last month has demonstrated just how highly sought-after this North London borough really is.

A 560 square foot patch of pavement just off Islington Green was recently sold by Savills auction house to a private buyer for £125,000, far surpassing its reserve price of £4,000. Although it may seem like a strange investment, this area could actually offer various business opportunities to its new owner – some possibilities include hiring it out for market stalls, mobile shops and pop-up galleries or restaurants. It could also be simply held as an investment for the future, or if planning permission can be obtained, as a site for a new construction project.

The competitive bidding for this piece of land shows that Islington is a truly desirable part of the capital for many people, offering great opportunities for those who invest in it. If you’re planning to make an Islington property investment, or if you already own a property in this popular area of the capital and want to know how you can make the most of it by letting it to tenants, we are here to help. Our knowledge and experience in the London property market will ensure that you can make the most of every opportunity and expand your portfolio, making optimum profit from your investment. We cover the entire capital and beyond, so get in touch and find out what we can do to aid your property ventures.