1-bedroom flat · N1 7LY
To rentListed 3 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An expansive warehouse conversion available for long let ideally situated for swift access into the City, Shoreditch and West End.
Located on the second floor of this impressive building, this stand out apartment benefits from exposed brick, original floorboards and bespoke, double-glazed Crittal windows throughout.
Comprising over 1200 square foot, the open plan reception is flooded by natural light, whilst overhead and floor level lighting provides dramatic options for the evening.
The raised stainless steel kitchen overlooks a large dining area whilst a master bedroom resides behind an adaptable set of partition shelves and benefits from black out blinds here.
Potentially you have the option to do the same at the other end of the room also. The apartment also profits from floor to ceiling integrated cupboards.
Situated just off City Road, this incredibly unique apartment is minutes from Old Street Station with access to the Overground and Northern Line and a short walk from both Shoreditch/Clerkenwell and Angel.
Underwood street is a quiet location whilst affording residents swift access to the more creative and independent attractions of East London's most exciting boroughs.
There is also an underground parking space available with the apartment. The landlord will consider pets and rent is inclusive of water rates. Available for immediate long let.
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 Underwood Street, Shoreditch, N1
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