4-bedroom flat · N1 7LB
To rentReduced £1.2k (−17.3%) on 21 OctListed 85 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Short let - minimum 1 month stay - all bills included Situated on the 2nd floor with just under 1,600 sqft (approx.) of lateral space, this 4 bed, 2 bath warehouse apartment in The Factory features exposed brick, original wood floors, a Juliet balcony, steel pillars and Crittall windows.
Accessed from Shepherdess Walk, this authentic loft has the added benefit of secure underground parking.
Converted by The Manhattan Loft Corporation back in 1997, The Factory is a very popular former Edwardian textiles warehouse owing to each loft being entirely unique and the pure essence of authentic loft living.
A great apartment for a couple or a family, the property has been cleverly designed to include spacious bedrooms and a large walk-in wardrobe, yet still retaining its industrial feel.
With entertaining in mind, the large open plan living/kitchen suits itself perfectly for dinner parties and the large kitchen features integrated appliances with a double oven and large 6 ring gas hob, an absolute must have for any keen chef.
Both bathrooms are finished with neutral décor and have walk-in showers plus the main benefits from a design-led bathtub as well.
Located on Shepherdess Walk just off City Road, just a few minutes’ walk to Old Street and Angel tube further North.
Whilst the redeveloped array of high-rise mixed-use developments along City Road has increased over the years, The Factory stands out as one of the best historic warehouse conversions near Shoreditch.
With Shoreditch, Islington and Clerkenwell all very close by this area is near all the action whist being away from the hustle and bustle.
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
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FAQ
About 16D, Shepherdess Walk, London
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