2-bedroom flat · N1 2AU
For saleReduced £50k (−5.9%) on 21 AugListed 104 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Sitting proudly on one of Canonbury's most sought-after garden squares, this bright two double bedroom second floor flat offers generous lateral living space and wonderful views across Canonbury Square.
Light and airy throughout, the property is offered to the market chain free and also benefits from an impressive 940-year lease.
Set within a handsome Grade II Listed Georgian end of terrace building, the recently refurbished communal areas provide an elegant welcome.
Internally, the flat comprises a bright reception room with two sash windows overlooking Canonbury Square, a spacious kitchen diner with views over the communal garden, a well appointed bathroom, and two well proportioned double bedrooms.
The principal bedroom is positioned to the front of the property, while the second bedroom enjoys a peaceful rear aspect.
The property is perfectly positioned to enjoy the area's exceptional selection of independent amenities.
On your doorstep are renowned local favourites including The Compton Arms, Canonbury Tavern, The Marquess Tavern, Trullo and Prawn on the Lawn to name just a few, while nearby Upper Street offers an extensive array of boutique shops, delicatessens, cafés, bars and restaurants.
For those who enjoy green spaces, both Highbury Fields and the New River Path are just moments away.
Canonbury Square itself provides a beautiful, verdant oasis, with mature trees creating a stunning natural canopy throughout the year.
Transport connections are excellent with Highbury & Islington Station, providing access to the Victoria line and London Overground services, is just a short walk away.
Angel Underground Station (Northern line) and Essex Road Station, with direct services to Moorgate, are also within easy walking distance.
Combining an enviable location with attractive surroundings and excellent connectivity, this superb home offers the very best of both Canonbury and Islington.
Value & comps
No previous sales on record.
Returns
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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 Second Floor Flat, 12, Canonbury Square, London
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