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See how verdicts workStudio flat · N16 5HY
Listing removedListed 123 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situation Located close to the junction with Dunsmure Road which includes local shopping facilities and conveniently situated for both Stamford Hill Overground Station and Manor House Underground Station (Piccadilly Line).
The multiple shopping facilities in Stamford Hill (A10) are within ½ mile distant. Stamford Hill is a popular residential area just to the north of Stoke Newington and approx.
4½ miles north of the City of London. Property A mainly detached block comprising 4 Self-Contained Flats on ground and first floors.
In addition, the property includes a Site upon which stands 6 Garages to the rear of Longner Court accessed directly from Cranwich Road (see ‘planning’ section).
Refer to the Auctioneers for the video tour of Flat 1.
VAT is not applicable to this Lot Freehold planning Planning Permission was granted by the London Borough of Hackney on 1st February 2017 (now lapsed) for ‘Demolition of existing garages and erection of a two storey property (including excavation) at the rear of Longer Court.
Proposal includes balcony to the rear at first floor level, parking to the front of the property and associated landscaping.’ (Ref: 2017/0845).
The scheme would create a 3 bed house with a garden and parking for 1 car. Refer to the Auctioneers for the Planning Documentation. Note 1: Flat 1 Longner Court was sold for £510,000 in 2019.
Note 2: In accordance with Section 5B of the Landlord & Tenant Act 1987, Notices have been served on the Lessees and they have not reserved their rights of first refusal.
Therefore, this lot cannot be sold prior to Auction. Note 3: 6 week completion
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
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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 Flats 1-4 Longner Court, Cranwich Road, London
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