Strong rental demand for apartments at 250 City Road

Located in a central Zone 1 neighbourhood, 250 City Road in Islington has witnessed strong demand from corporate tenants, working across London’s financial and tech districts. This stylish property development by Berkeley Group includes a collection of studios, one, two and three-bedroom apartments, supported by a suite of upscale amenities, including a rooftop gym and terrace, indoor swimming pool and spa, business lounge and 24-hour concierge.

With most of of the completed apartments rented out at this development, the profile of tenants showcases a promising avenue for investors and landlords. With 60% of the total tenants comprising overseas corporate tenants, including a significant Japanese demand in Shoreditch, our on-site branch and Japan Desk at 250 City Road have been busier than ever. The completion of a brand-new phase this year will only further add to the increasing demand for this stunning property development.

Given the transport and infrastructure upgrades in the area, rental growth in Islington is expected to cross 20% in the next few years, with an average house price growth of nearly 20%. Famously known as London’s Silicon Valley, Old Street is nearby and home to leading tech behemoths such as Google, Adobe, Cisco and Microsoft.

With abundant transport options, including a newly added Crossrail station at Farringdon, commute times have been cut short, with residents reaching Bond Street in just four minutes, while Paddington and Canary Wharf are only eight minutes away.

Islington is a desirable neighbourhood for several reasons. In addition to being a well-connected Zone 1 location, the area is home to 12 ‘Outstanding’ primary schools, over 420 restaurants and cafes, 1300 boutique stores and 5.6% of London’s total office space. Striking a good balance between connectivity and lifestyle, apartments at 250 City Road have been achieving attractive rental yields owing to the strong demand and shortage of quality rentals. Here’s a snapshot of the rentals achieved for landlords by our on-site branch.

Studio: up to £2,300 per month
1 Bed / 1 Bath: up to £3,000 per month
2 Bed / 1 Bath: up to £3,200 per month
2 Bed / 2 Bath: up to £4,200 per month
3 Bed / 3 Bath: up to £5,400 per month

With few available units remaining at 250 City Road, our team is getting between 35 – 40 requests per available apartment from interested tenants. Demand from buyers and investors in Islington is also increasing. If you are a landlord looking for a full-service lettings agent, get in touch with us, as we can help achieve the best rentals in and around this sought-after neighbourhood.