2-bedroom flat · N1 7LY
To rentListed 9 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An impressive two bedroom loft apartment set within a coverted warehouse The Factory, combining contemporary style and industrial character whilst boasting a generous living space in a central London location.
The centrepiece of the apartment is an expansive receptiom room featuring exposed brick, large industrial style windows and high ceilings creating an ideal space for both living and entertaining.
A separate kitchen offers excellent work space and ample storage along with additional space for dining.
There are two well sized bedrooms, with the principal room boasting a newly renovated bathroom with his and her sinks and a large walk in shower, a further utility space, and a jack and jill bathroom accessible from both the second bedroom and living space.
Underwood Street is well located for connections across London, being moments from Old Street station for both underground and national rail services, as well as ample bus routes via City Road, with the vibrant amenities, bars and restaurants of Shoreditch moments away.
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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
Short-let restrictions apply
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
Agent & docs
FAQ
About 9a The Factory, Underwood Street, London
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