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See how verdicts work2-bedroom flat · N16 7TJ
For saleListed 123 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Filey Properties are delighted to offer for sale this well-proportioned two-bedroom ground floor ex-local authority flat, situated within the popular Somerford Grove Estate in the heart of Stoke Newington.
The property offers bright and spacious accommodation throughout and comprises a generous living room, fitted kitchen, two well-sized bedrooms and a three-piece family bathroom.
Further benefits include double glazing, gas central heating and residents' parking (subject to permit availability and applicable fees).
This property would make an ideal first-time purchase or investment opportunity, offering excellent value for money within one of North London's most sought-after locations.
Somerford Grove is perfectly positioned to enjoy the vibrant lifestyle that Stoke Newington has to offer.
Church Street is just a short distance away, providing an excellent selection of independent cafés, restaurants, bars, boutiques and local amenities.
The area is also well regarded for its strong sense of community and abundance of green open spaces.
For outdoor recreation, residents can enjoy nearby Clissold Park and the expansive Hackney Downs Park, both offering attractive green spaces, sports facilities and scenic walking routes.
Excellent transport links are available with Stoke Newington Overground Station and Rectory Road Overground Station and Dalston Kingsland Overground Station all within easy reach, providing convenient access into Liverpool Street and the City.
Numerous bus routes also serve the area, offering connections across Central London and beyond. An early viewing is highly recommended to fully appreciate the accommodation and location on offer.
EPC Rating - D Council Tax Band – B Tenure – Leasehold Lease Remaining - 87 Years Remaining Service Charges – £2265.27 Per Annum Ground Rent – £9.00 Per Annum Further Information: Local Authority: Hackney Council Conservation Area: No Flood Risk: Very Low Broadband: Basic (17 Mbps) / Ultrafast (5000 Mbps) Mobile Coverage: EE / Three / Vodafone / O2 Satellite/Fibre TV: BT / Sky / Virgin EPC Rating: D Location Somerford Grove is perfectly positioned to enjoy the vibrant lifestyle that Stoke Newington has to offer.
Church Street is just a short distance away, providing an excellent selection of independent cafés, restaurants, bars, boutiques and local amenities.
The area is also well regarded for its strong sense of community and abundance of green open spaces.
For outdoor recreation, residents can enjoy nearby Clissold Park and the expansive Hackney Downs Park, both offering attractive green spaces, sports facilities and scenic walking routes.
Excellent transport links are available with Stoke Newington Overground Station and Rectory Road Overground Station and Dalston Kingsland Overground Station all within easy reach, providing convenient access into Liverpool Street and the City.
Numerous bus routes also serve the area, offering connections across Central London and beyond.
Disclaimer Disclaimer - The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed by Filey Properties London Ltd as to its accuracy.
Any information of special interest should be obtained through independent verification.
Images may have been digitally enhanced using editing software for presentation purposes; however, the layout and spatial arrangements remain unaltered to provide an accurate representation of the property's potential.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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FAQ
About 54b Somerford Grove Estate, London
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