2-bedroom flat · N1 7GH
For saleReduced £15k (−2.1%) on 22 SepListed 85 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the highly desirable N1 area of London, this well-presented second-floor apartment offers bright, contemporary living, generous proportions and the added advantage of no onward chain, making it an excellent opportunity for buyers looking for a home that’s ready to move into.
The apartment features two spacious double bedrooms, both benefiting from large windows that fill the home with natural light.
The principal bedroom includes fitted wardrobes and a stylish en-suite shower room, while the second bedroom offers flexible space for guests, home working or everyday living.
A modern family bathroom serves the rest of the apartment, finished to a high standard with contemporary fittings. At the heart of the home is the impressive open-plan living, dining and kitchen area.
The sleek, modern fitted kitchen provides ample storage and workspace, while the spacious living area creates a welcoming place to relax or entertain.
Large doors open directly onto a generous private balcony, offering an ideal spot for outdoor dining or unwinding at the end of the day. The property further benefits from a lift and concierge.
Location Positioned almost equidistantly between Old Street and Angel tube stations, this is one of N1’s best-connected addresses.
Both stations put the Northern line, London Overground and local buses within easy reach, giving fast, direct access into the City of London - Moorgate, Liverpool Street and the Barbican are all just a short hop away, making this an outstanding base for a commute measured in minutes rather than an hour on the Tube.
City Road and Upper Street offer a wide selection of shops, bars and everyday conveniences on the doorstep, with well-regarded schools nearby (catchment areas subject to confirmation).
Property Ownership Information Tenure Leasehold Council Tax Band E Annual Ground Rent £300.00 Ground Rent Review Period Every 1 year Annual Service Charge £3,120.00 Service Charge Review Period Every 1 year Lease End Date 01/01/2113 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Purplebricks and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Flat 53/Spenlow Apartments, Wenlock Road, London
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