Property · N11 3EG
For saleListed 698 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A newly constructed five-storey building comprising 31 private apartments.
The development which is due for practical completion by the end of April 2025 comprises 31 private self-contained residential units.
Planning permission was originally granted in May 2023 (Ref: Pp: 1/6002/ful) for the "demolition of the existing building and redevelopment of the site to provide a new five-storey building comprising 32 self-contained residential units with car and cycle parking", however, a non-material amendment (Ref: Nma: 23/3558/S73) was granted which reduced the scheme to 31 self-contained units.
The 31 residential apartments are arranged as 18 x 1 bedroom, 8 x 2 bedrooms, 5 x 3 bedrooms and offer a total net saleable area of 1,941 sq. M. (20,893 sq. Ft.).
There is also an outstanding planning application (Ref: Pp: 23/5223/ful) for an additional floor which comprises a further 5 residential units (5 x 1 Bedroom) by increasing the gross internal area (gia) by 342 sq.
M. (3,681 sq. Ft.).
Monarch Point is excellently located with New Southgate Railway Station only 300 metres (0.2 miles) away providing direct access to Central London including London St Pancras (14 minutes), Farringdon (18 minutes), and London Blackfriars (23 minutes) via the Thameslink (Source: CityMapper).
Arnos Grove (Piccadilly Line) Underground Station is also situated 800 metres (0.5 miles) away and provides access to Covent Garden (25 minutes), Leicester Square (26 minutes) and Knightsbridge (33 minutes).
The building also benefits from its close proximity to the North Circular (A406) which facilitates access to the M1 and M25 motorways.
Viewings strictly by appointment only with the owners’ agents Jeremy Leaf & Co.
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 Monarch Point, 45-47, Friern Barnet Road, London
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