5-bedroom house · N5 1PT
Listing removedReduced £300k (−16.2%) on 28 AugListed 160 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located on a quiet, tree-lined residential street just moments from Highbury Fields, this substantial five double bedroom red-brick Victorian family home offers impressive proportions and character throughout.
Spanning just over 1,700 square feet, the property requires modernisation but presents a great opportunity for a new owner to create and tailor a home to their own specification.
The property enjoys a south-facing aspect to the front, bathing the interiors in natural light.
The property retains several original features including ceiling roses, ornate cornicing, original ornate fireplaces several framed with beautiful mantelpieces and original wooden floorboards.
This property enjoys a tranquil position, yet is a short walk to Highbury & Islington Station (providing access to the Victoria Line, London Overground and Great Northern), Holloway Road Tube Station (Piccadilly Line) and Drayton Park Station (which provides direct access to Moorgate).
Furthermore, the vibrant Upper Street, Holloway Road and Highbury Barn are on hand, providing a wealth of, bars, restaurants, delicatessens and independent boutique shops.
A further key attraction is the property falls within the catchment of St Mary Magdalene Academy rated "Outstanding" by Ofsted.
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
Agent & docs
FAQ
About 43, Melgund Road, London
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