Property · E8 4BS
Under offerListed 49 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A freehold site in the heart of Hackney Borough with approved planning consent to demolish the existing 404 sq ft car repair garage and construct a two-story, 1,443 sq ft house.
The planned development includes an 81 sq ft courtyard terrace and a 350 sq ft garden.
The project would suit an ambitious self-build owner occupier with an appreciation for modernist design and the desire to live in a house completed to their own bespoke specification.
The former garage building remains on site so light demolition and site clearance is required and approx.
£65,000 of section 106 / affordable housing costs will be payable by the purchaser once development commences.
The site is located in the London Borough of Hackney, within the Hackney South and Shoreditch area and London Fields ward.
The site sits along Middleton Road, between Haggerston to the south and Dalston to the north, running from Kingsland Road (A10) to London Fields.
The property, accessible from Middleton Road, currently has a vacant car repair garage. The freehold is available subject to a guide price of £800,000 (VAT not applicable).
All other terms and conditions by negotiation.
Schedule of Accommodation: Ground Floor: Living Room: 14 m2 Dining/Kitchen: 30.5 m2 Home Office: 8 m2 WC:2 m2 Storage: 4 m2 First Floor: Master Bedroom: 14 m2 Bedroom 1: 12 m2 Bedroom 2: 12 m2 Family Bathroom: 4.7 m2 Ensuite: 5 m2 Storage: 5 m2
Value & comps
No previous sales on record.
Returns
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Short-let restrictions apply
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
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FAQ
About Albion Square, London Fields, London, E8 4BS
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