1-bedroom house · N20 9PQ
Listing removedReduced £20k (−12.5%) on 3 FebListed 680 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom, first floor (garden side) retirement flat (minimum age requirement is 60), with easterly aspect.
The property lies within a third of a mile of the shopping and transport facilities along Whetstone High Road - including Marks & Spencer's and Waitrose Supermarkets.
There are bus stops on either side of the High Road and a zebra crossing to the front of the block.
Entrance Hallway - Decorative coving, intercom/ emergency pull cord, doors opening to; Large cupboard 7' x 2'6 (2.13m x 0.76m) housing electricity fuses, meter & hot water cylinder.
Reception 15'6 x 10'3 (4.72m x 3.12m) Decorative coving, electric storage heater emergency pull cord, double glazed tilt & turn window, multi paned doors opening to; Kitchen 7' max x 7' (2.13m x 2.13m) Range of wall and base units, 4-ring electric hob with hood above, eye level electric oven & grill, space for under unit fridge & freezer, stainless steel sink & drainer, part tiled walls, electric wall heater.
Bedroom 15'9 max into recess/12'3 minimum x 9' (4.80m /3.73m x 2.74m) Decorative coving, electric storage heater emergency pull cord, tilt & turn window Bathroom Panel enclosed bath with shower above, sink set on vanity unit with storage below, close coupled WC, electric heater, air extractor, emergency pull cord, tiling to walls, vinyl floor.
Tenure: Leasehold 125 year from 1st June 1994 Ground Rent: Vendor advises - £516 PA Service Charge: Vendor advises - £2,460 PA
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 Farnham Close, London, N20
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