2-bedroom flat
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within the sought-after Merchant Building on Wharf Road, this exceptional two-bedroom apartment presents a rare opportunity to acquire a substantial residence in one of Islington's most desirable postcodes.
The development benefits from its peaceful setting whilst remaining moments from the vibrant energy of Upper Street and the creative buzz of the Old Street tech hub.
Extending to an impressive 1,067 square feet, the apartment offers generously proportioned accommodation flooded with natural light.
The two double bedrooms provide excellent flexibility for modern living, whether accommodating a growing family, creating a dedicated home office, or hosting guests.
Both bathrooms are finished to a contemporary standard, reflecting the quality throughout this well-maintained building.
The private enclosed balcony represents a particular highlight, surrounded by mature trees that create a secluded outdoor sanctuary-a genuine rarity in central London.
This tranquil space offers the perfect retreat for morning coffee or evening relaxation, shielded from neighbouring properties by its verdant natural screen.
The inclusion of an allocated parking space adds considerable practical value, providing secure, dedicated parking in an area where such provision is increasingly scarce.
Islington has long been celebrated for its village-like charm combined with sophisticated urban amenities.
The neighbourhood's eclectic mix of independent boutiques, renowned restaurants, and cultural venues along Upper Street creates a genuine sense of community.
Chapel Market offers authentic local character, whilst the design-led shops and artisan coffee houses reflect the area's creative spirit.
From farmers' markets to theatres, the locality caters to discerning residents seeking both convenience and character.
Transport connections are exemplary, with Angel, Old Street, and Highbury & Islington stations all within easy reach, providing swift access across the capital via the Northern, Circle, Metropolitan, Hammersmith & City, and Overground lines.
The City and West End are both readily accessible, making this an ideal base for professionals working across London's commercial districts.
This apartment offers an outstanding combination of space, privacy, and location-perfect for those seeking a substantial home in one of London's most characterful neighbourhoods, whether as a long-term residence or a sound investment in a perennially popular area.
Tenure: Leasehold. Years remaining on lease: 989, Service charge: £9,114.72pa, Ground rent: £350pa, Council tax band: F. To check broadband and mobile phone coverage please visit Ofcom here
Value & comps
No previous sales on record.
Returns
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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
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FAQ
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