2-bedroom flat · N1 7LB
For saleReduced £65k (−5.6%) on 21 JunListed 626 days
Opportunity summary
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About
Situated on the 2nd floor with just under 1,300 sqft (approx.) of lateral space, this 2 bed, 2 bath warehouse apartment in The Factory features a vast 40ft (approx.) long living room.
Accessed from Shepherdess Walk, this authentic loft has the added benefit of a decked terrace overlooking the central courtyard.
Converted by The Manhattan Loft Corporation back in 1997, The Factory is a very popular former Edwardian textiles warehouse building owing to each loft being entirely unique and the pure essence of authentic loft living.
Upon entering, the large open plan space is the first striking impression with two double glazed crittall warehouse windows overlooking Shepherdess Walk to the West and a modern fully fitted kitchen at the far end.
Solid timber wood floors, stripped back exposed red brick walls and good ceiling height are a few of the keys aesthetics.
Towards the East facing side of the apartment is a three piece fully tiled bathroom with bath and master bedroom with en-suite shower room, built in wardrobes and double loading doors opening onto the decked terrace which gets the morning to early afternoon sun.
There is also a smaller double bedroom with large crittall windows overlooking the landscaped courtyard with palm trees.
Located in The Shepherdess Walk Quarter just off City Road, Nile Street is a few minutes’ walk to Old Street and Angel tube further North.
Whilst the redeveloped array of high-rise mixed-use developments along City Road has increased over the years, The Factory stands out as one of the best historic warehouse conversions near Shoreditch.
A new lease of life on the corner of Shepherdess Walk will be completed soon with the sympathetically designed development The Arc, which will bring a mix of coffee shops and restaurants to the doorstep.
With Shoreditch, Islington and Clerkenwell all very close by this area is near all the action whist being away from the hustle and bustle.
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 Flat C, 18, Shepherdess Walk, London
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