1-bedroom flat · N7 7FH
For saleReduced £40k (−10.5%) on 2 OctListed 99 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented one-bedroom apartment offering approximately 497 sq ft of contemporary living space, set on the third floor of the sought-after Gillespie Court, part of the prestigious Queensland Terrace development.
The apartment features a bright open-plan living and dining area with stylish wood flooring, recessed spot lighting, a modern fitted kitchen, and direct access to a private balcony.
A spacious double bedroom and a sleek contemporary bathroom complete this attractive home.
Queensland Terrace offers residents fantastic facilities including 24-hour concierge service, fitness suite and private residents’ garden.
The development also offers a great location with Islington’s popular bars and restaurants on the doorstep and a variety of transport links including Holloway Road tube station and Drayton Park overground station just minutes away.
Tenure: Leasehold Length of Lease: Circa 985 years Annual Ground Rent Amount: £525 per annum Ground Rent Review Period: Every 10 years from commencement date of lease based on Retail Price Index (rpi) oe equivalent.
Annual Service Charge Amount: Circa £2,928 per annum Service Charge Review Period: Annually Council: Islington Tax Band: D
Value & comps
No previous sales on record.
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 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
FAQ
About Flat 15, (9), Gillespie Court, Queensland Terrace, Islington
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