Islington is one of the most popular places to live in London. It provides a combination of great housing options, wonderful amenities, and rich communities. There are also great schools and plenty of family activities. More importantly, you can buy at different price ranges in the area. We want to have a look at this here, then you can come to us if you need guaranteed rent in Islington.

Market activity

Before we look at individual areas though, we want to do a little overview of the market. The average house price in the borough was £654,321 in 2022, rising from £650k in 2021. In Jan 2023 it was up to £670,999. This shows the area remains very popular, even with current conditions.

It is also worth noting that the number of sales has fallen in the area. In 2021 there was a wave of activity and 2,331 homes were sold. However, it fell to 1,801 in 2022. This was largely due to high interest rates and lenders having issues offering mortgages.

A look at different areas

The great thing about Islington is you can find neighbourhoods to suit different budgets. There are some streets where properties are worth £1m and more. Then there are other areas where you can buy between £450,000 and £550,000.

Costly locations

The most expensive neighbourhood according to the latest ONS data is Barnsbury. It is a popular spot in North West Islington that has seen a huge amount of gentrification. Today it is popular with families and professionals. The median house price was £836,500 considering the 108 sales in the last 12 months.

Next on the list is St Peter’s. It is an impressive location because it was one of the first areas to introduce people-friendly streets with low traffic. If you want to buy a home here, the median price was £826,500.

Third is the popular Clerkenwell. It has become a hotspot for creativity, attracting countless businesses. At the same time, the amenities and nightlife are arguably the best in the area. A house would typically cost around £790,000. This is a great spot for investors, and one we cover with guaranteed rent in Islington.

More affordable spots

If your budget is smaller, there are still some great spots for you. The lowest median price according to the data was Finsbury Park. Here the median was just £475,000 with 79 sales. It has a lot to offer, including leafy streets, a park, and lots of amenities on a handful of busy streets.

Above this was Tollington. The median price here was £525,250. For that you could get a home in the north of the borough. It is a large commercial and residential area, but has Finsbury Park to the east.

Finally is Junction, where the median price was £537,500. There is plenty to love here, including green space, good schools, and great transport links. The local authority is also working on improving the cultural offering, including more community art space.

Do you want us to arrange guaranteed rent in Islington?

Our speciality is guaranteeing rent for landlords all across Islington as well as other parts of London. We know that the fear of voids is the main issue for most investors. Luckily, we assuage this by working with local councils. Their schemes can provide guarantees on income for several years. Plus, the services can include management and more.

So, if you want to explore guaranteed rent in Islington, contact us. It can be perfect for any portfolio, scaling to suit any needs.