2-bedroom flat · HA8 8BX
For saleListed 199 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property reference number: 1639914 A fantastic 2‐bedroom apartment with a private balcony in Barnet. Available through Shared Ownership from £90,000 for a 25% share of £360,000.
Situated in a well-connected residential area of north west London, this ground-floor 2-bedroom apartment offers a comfortable and practical living space with a generous internal layout and direct access to a private patio.
The property also comes with a parking space. Set within a peaceful residential area of Edgware, the home is close to local shops, cafés and green spaces such as Canons Park.
Stanmore Underground station is around a mile away, offering Jubilee line connections into central London, while Mill Hill Broadway provides Thameslink services to St Pancras International and beyond.
Closest stations: Stanmore Underground (approx. 1 mile), Mill Hill Broadway (approx.
2.2 miles) Bus routes nearby: 142,107,113,324,186,288, H12 Key features: - Ground-floor apartment - 2 bedrooms - Private patio - Central heating - Well-connected north west London location Financial information Tenure: Leasehold Remaining lease term: 107 years Annual ground rent amount: £0 Ground rent review period: Applicable upon final staircasing Annual service charge amount: £2,204.64 Service charge review period: Annually Council tax band: D *Financial information correct as of 27/03/2026
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
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 1 Penniwell Close, London
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