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See how verdicts work1-bedroom flat · N6 5SB
Listing removedReduced £20k (−5.4%) on 26 OctListed 77 daysAuction 24 Jun · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A refurbishment opportunity in a sought-after North London location, offering clear potential for investors, cash purchasers and owner-occupiers seeking a home they can improve to their own specification.
This compact one-bedroom ground-floor apartment benefits from its own entrance and an unusually large, private enclosed rear garden.
The accommodation requires modernisation throughout, providing scope to enhance both its presentation and longer-term value.
Due to the size of the apartment, the property is considered suitable for cash buyers.
Highgate Underground station is close by, providing Northern line connections into central London, while Highgate Village, local shops, cafés and everyday amenities are all within convenient reach.
The area’s strong transport links and established rental demand add to the property’s investment appeal.
Once refurbished, the apartment is estimated to achieve approximately £1,750 per calendar month, equivalent to £21,000 per annum before costs.
The combination of location, private outdoor space and improvement potential makes this an interesting proposition for a landlord, developer or buyer looking to create a distinctive London home.
Auction To be sold by online auction (conditional) on Thursday 27th August 2026 with an 8 WEEK EXCHANGE DEADLINE, bidding will open at 10.00.
To view Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk Registration All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure Leasehold with vacant possession. Lease 999 years from 24 June 1972 - 944 years remaining. Ground rent and service charge Please see Legal Pack for further details.
EPC rating To be confirmed.
Council tax band C - Haringey Reservation Deposit The buyer is required to sign a Reservation Agreement and make payment of a non-refundable Reservation Deposit of 2.4% of the sale price, subject to a minimum of £6,000 to the Auctioneer in return for the grant of the Exclusivity Period.
The Reservation Deposit forms part of the purchase price for the property.
Exclusivity Period Exclusivity Period means the period of 56 days from the date the Reservation Deposit is received by the Auctioneer, during which the Buyer and Seller will endeavour to exchange Contracts for the Transaction.
Full details and a sample copy of the Reservation Agreement and Terms and Conditions are available in the Legal Pack.
Additional fees A buyers charge of £1,650 including VAT is payable on each lot that you buy, in addition to the sale price.
Please be aware there may be other additional fees, including disbursements contained in the Sale Memorandum payable on completion.
Please ensure that you check the Legal Pack for each lot that you are interested in, prior to bidding.
Legal Pack For each lot there is a draft Sale Memorandum and other documentation provided by the vendor's solicitors.
If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.
Guide prices Guide Prices are provided as an indication of each seller's minimum expectation.
They are not necessarily figures which a lot will sell for and may change at any time prior to the auction.
Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.
Pre-auction offers These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers.
Pre-auction offers are on the basis of the Reservation Agreement and Terms and Conditions.
Mortgage finance We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding.
If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction.
Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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.
Area
Agent & docs

FAQ
About Highgate Avenue, London
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