2-bed maisonette + 3-bed maisonette · NW1 0TA
Listing removedListed 131 days
Opportunity summary
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About
Description Comprises a terrace of three interconnecting buildings arranged on Ground, First and Second Floors, split up to provide six self-contained flats, which are 4x2 beds 1x2 bed maisonette and 1x3 bed maisonette and vacant offices arranged on the Ground and Basement of number 136.
Four of the flats are let on assured periodic tenancies, with the three-bed maisonette let on an Airbnb basis.
The building is ideally suitable for reconfiguration and development for the rear part of the building and to add an additional floor.
Our clients carried out a study in 2023 to submit a planning application to develop the rear of the entire three buildings. Full plans are available upon request.
Location Situated in Camden Town, this property is just a short walk from the ever-evolving Kings Cross, known for its mix of independent shops and eateries at Granary Square and Coal Drops Yard.
The area beautifully blends historic architecture with modern amenities, offering a vibrant array of boutiques and dining options in a unique canal-side setting.
it's also home to the headquarters of several major international companies, as well as the new Lightroom Gallery.
Transport links are excellent with Camden Road (London Overground), Camden Town (Northern Line) Stations, both providing access to several Underground Lines and beyond.
Regent's Park and Primrose Hill are also within easy walking distance, perfect for enjoying the outdoors and panoramic city views. Additionally, a nearby canal towpath offers a scenic cycle route.
Identification In accordance with Anti-Money Laundering Regulations, two forms of identification will be required from the successful purchaser.
Viewings Strictly by appointment through owner’s agents as above.
Legal Costs Each party to bear their own Legal Costs Freehold Price Offers in excess of £4,350,000 with the benefit of the income and potential for development Planning Permission Planning has been granted 18th February 2022 to convert the ground floor and basement of number 136 RCS from office to residential use.
(Planning ref: 2021/1849/P) Rental Income The flats are currently let and producing an income of £187,612.00 pa with the ground floor and basement offices of 136 RCS vacant.
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
Agent & docs
FAQ
About 132-136 Royal College Street, London, NW1 0TA
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