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See how verdicts work4-bedroom flat · N1 3EU
Sold STCListed 32 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set over the top three floors of a substantial Victorian terrace house is this huge four double bedroom maisonette, which is in need of renovation.
Located on a quiet, tree-lined street, the property also benefits from having a large garden and presents a unique opportunity for a new homeowner to create a home tailored to suit them.
The property comprises its own entrance, which leads into the hallway with good ceiling height and access to the first floor, which currently consists of two bright double bedrooms and the bathroom.
The half landing provides access to the stairs, which lead to the large private garden.
The second floor currently houses a large kitchen to the rear, which enjoys views over the garden, and a generous reception room to the front, which enjoys good natural light from the two large sash windows.
The top floor houses two further double bedrooms, with views over the rooftops and treetops of the neighbouring properties.
The rear bedroom also enjoys views over several iconic London landmarks, including The Shard.
Offered to the market chain free, the property enjoys a remarkably peaceful setting, so much so that it is possible to hear the birds singing from the trees in the morning.
The property is within walking distance of Upper Street, Cross Street and Camden Passage, which offer an array of bars, restaurants and delicatessens.
On your doorstep, there are several wonderful favourites to be found, including the De Beauvoir Deli, The De Beauvoir Arms, Day Trip, Sweet Thursday, Trade, The Brave, The Scolt Head and The Baring, to name just a few.
In the opposite direction is Canonbury, which offers scenic walks along the New River Path, as well as a wonderful selection of amenities and local haunts such as The Marquess Tavern, Myddleton Arms and Compton Tavern.
There are excellent bus links to and from the City on Southgate Road, as well as New North Road. Essex Road Station, which offers direct links to Moorgate, is a short walk away.
Furthermore, Highbury & Islington Station, with its Victoria Line and London Overground services, Angel Station on the Northern Line and Haggerston Station on the London Overground are also on hand.
The building has just undergone Section 20 works, which included external works, including a new roof, which the vendor has agreed to pay for on completion. Leasehold: 81 years.
Service charge: Circa £1,400 per annum. Ground rent: £10 per annum. The vendor will initiate the lease extension (Section 42) with the cost to the new owner circa £22,000.
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
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FAQ
About 12A,, Almorah Road, London
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