1-bedroom flat · NW1 2PB
To rentListed 9 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available immediately, a spacious apartment within this industrial residential apartment block in London's Euston sub district of Camden.
The Proximity Building was a developed in 2006 by Tiger Developments.
A unique characteristic of the apartments within this development was characteristic polished concrete ceilings and generous floor space the developers adding to a very open industrial residence.
Positioned on the second floor (with lift access), the apartment offers some 584 sq. Feet of living space.
Entrance into the apartment is via a generous hallway (with a double storage cupboard) leading to a large reception room with a open-plan modern kitchen with integrated goods.
The reception space is finished with light furnishings and a very good qualities wood floor laminate. The bedroom space again offers good space accommodated for fitted wardrobe space.
The apartment is finished with a large bathroom and is offered part furnished.
The Proximity Building is perfectly located for walking access to Great Portland Street, Warren Street or Goodge Street London Underground Stations, with Euston mainline services also being accessible for commutes in and out of London in addition to offering walking distance to the many Universities and institutions of London's Bloomsbury and Fitzrovia
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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