1-bedroom flat · N1 3LY
For saleReduced £50k (−9.1%) on 18 OctListed 129 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The flat is over the fourth floor, with a large open plan reception and fully fitted modern kitchen. The reception has floor-to-ceiling windows and a door leading onto the balcony.
The large double bedroom has built-in wardrobes and, again, floor-to-ceiling windows and a door to the balcony. The stylish bathroom has a bath and shower and there is plenty of extra storage.
Of note is the large balcony, which has plenty of space for a four person dining table and lounge chairs, making it feel like another room.
The modern development has a 24-hour concierge, gym and lift.
As well as the balcony, there are a myriad of green and open spaces nearby, including Shoreditch Park with Britannia leisure centre and, directly opposite the flat, Rosemary Gardens, with grass meadow and tennis courts.
The Regent’s Canal tow path walk is next to the development, providing access to a string of cafes, pubs and gardens, plus other attractive areas of central and north London.
Transport links are plentiful and effective, including Angel Underground, a short walk along the canal tow path, and Old Street Underground and Essex Road overland station close by.
Several bus routes pick up and drop off outside the developments main entrance, taking you to and from the City and West End.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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 Unit 403, 10, Southgate Road, London
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