2-bedroom flat · N1 8RA
For saleReduced £100k (−9.1%) on 25 SepListed 55 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market for the first time since 2006, this rarely available two double bedroom duplex garden apartment provides approximately 903 sq ft of generously proportioned accommodation together with an exceptional south-facing private garden extending to approx 41 ft.
The property offers an unusually spacious and versatile layout in a prime Islington location.
The home has been well maintained and is perfectly habitable as it stands, while providing an excellent opportunity for a purchaser to enhance the interiors through straightforward cosmetic updating, including redecoration and new flooring.
The lower level comprises a substantial principal bedroom measuring approximately 13'11" x 12'7", a separate fitted kitchen, bathroom and excellent storage.
The kitchen provides direct access to the impressive private garden, creating a wonderful connection between the accommodation and outside space.
Upstairs is a bright and generously proportioned reception room alongside the second double bedroom.
The versatile layout also offers excellent flexibility and could be easily reconfigured to suit a purchaser’s preferred living arrangement, with the reception room positioned on the lower ground floor and the upper level utilised as the principal bedroom accommodation.
The standout feature is undoubtedly the substantial south-facing garden, measuring approximately 41'4" x 19'0" at its maximum dimensions.
Rare for an apartment in this location, it provides superb space for entertaining, dining, gardening and relaxing throughout the warmer months.
Further benefits include a low service charge and an existing lease of approximately 88 years.
The estimated cost of extending the lease is understood to be in the region of £10,000–£14,000, subject to formal valuation, legal costs and the applicable statutory or negotiated process.
A rare opportunity to acquire a substantial duplex with exceptional south-facing garden, available for the first time in two decades.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 149A, Packington Street, London
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