Sold STC Penthouse

RICHMOND COURT

67, MELVILLE PLACE, LONDON, GREATER LONDON N1 8NF

3 beds 2 baths 1,130 sq ft Listed 17 Jan 2025 (-509d)

£1,000,000

Reduced on 29 Jan 2025

Save
Property photo

Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Photo 7 Photo 8 Photo 9 Photo 10

/ 10

Property details

Tenure

LEASEHOLD

Floor area

105 m²

EPC rating

C

Year built

England and Wales: 1996-2002

Last sold

£1,056,500 Jun 2025

Price per m²

£9,524/m²

Local average

£520,754 (+92%)

Deprivation

Decile 3 (6,951 of 33,755)

Street crime

1786 incidents within 1 mile (Apr 2026)

Key features

  • Charming 3rd Floor Penthouse apartment within a secure development
  • Secured Underground Parking available
  • Grand roof terrace with scenic views
  • Modern open plan kitchen with space for dining and integrated reception room
  • Three double bedrooms, one with pristine ensuite facilities
  • Adjacent to rail services from Essex Road station
  • Only a short journey from desirable Islington and Shoreditch
  • Well located for a range of amenities

Additional details

Parking
Yes
Garden
Rear garden, Back garden

Description

Tranquil three bedroom 3rd Floor Penthouse Apartment with an extensive roof terrace and picturesque views of the London skyline. Boasting three double bedrooms and a modern open plan kitchen with dining space.

Richmond Court is conveniently located for Essex Road station, and provides excellent access to Islington's New Road with a huge range of shops and amenities.

Please use the reference CHPK0289070 when contacting Foxtons.

Listed by

Islington

Foxtons

Reference: 157028018

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: C

Inspection date: 27/01/2025

Current heating cost: £786/year

Potential heating cost: £622/year

Est. upgrade cost to C: £1,000

Recommendations

  • High heat retention storage heaters (£800 - £1,200)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan area for info only, not for £/sq. ft valuation

Floorplan area for info only, not for £/sq. ft valuation

Floorplan 2

Floorplan 2

EPC Graphs

EER

EER

Price history

Event Date Price % change
Sold 02/06/2025 (1 year ago) £1,056,500 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
212 - 220 BASEMENT AND GROUND FLOOR PREMISES ESSEX ROAD, LONDON, ISLINGTON, GREATER LONDON, N1 3AP £517,500 11/09/2023 Other

Area average: £517,500 (1 sale)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -84.1%

House Price Index (HM Land Registry — official index, not sold-price averages): Islington. Series: All dwelling types. As of March 2026.

1y (index) 0.9%
5y (index) -1.1%
10y (index) 5.1%

Rental Range

Estimated market rent for Islington. Low = conservative, Realistic = average, Optimistic = best case.

Low £2,530/mo
Realistic £2,811/mo
Optimistic £3,092/mo

Based on Local Authority from postcode lookup → Islington.

Location

Map view View on Google Maps View on OpenStreetMap Street View N1 8NF

Address

1-17 Melville Place

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop Unknown 0.0 miles
Bus stop Essex Road Station 0.0 miles
Train station Essex Road 0.0 miles
Shop Hair & Beauty Supplies 0.0 miles
Bus stop Essex Road 0.1 miles
Hospital Moorfields at Hoxton 0.5 miles
University University of Wales Trinity Saint David London 0.5 miles
Train station Highbury & Islington 0.5 miles
University Paris Dauphine University - London Campus 0.8 miles
Hospital Medlabs Diagnostics 1.5 miles

Street-level crime

Category Count
Violence and sexual offences 367
Anti-social behaviour 363
Shoplifting 241
Theft from the person 179
Other theft 128
Public order 111
Drugs 102
Burglary 69
Criminal damage and arson 66
Vehicle crime 53
Bicycle theft 43
Robbery 40
Other crime 13
Possession of weapons 11
Total incidents 1786

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
The New North Academy Primary 0.1 miles Good — 5 Dec 2021
St Mary's CofE Primary School Primary 0.2 miles Good — 24 Oct 2012
William Tyndale Primary School Primary 0.3 miles — (Inspected (no overall grade))
Rotherfield Primary School Primary 0.3 miles Good — 23 May 2014
North Bridge House Senior Canonbury School Other 0.3 miles — (No rating)

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
3 Bed Terraced House, Liberia Road, N5 £5,460/mo 3 0.58 miles OpenRent

Average rent: £5,460/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.55%
Max investor price (0.8%) £682,500
Target investor price (1%) £546,000
Gross yield 6.6%
Cost-to-rent ratio 15.3×
Monthly cashflow £951/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 3.9%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).