3-bedroom flat · N1 2PG
Sold STCListed 111 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price: £1,250,000 to £1,350,000 Positioned on a tree-lined cul-de-sac in Canonbury, this spacious three-bedroom maisonette is arranged across the raised and lower-ground floors of a Victorian townhouse and includes a well-established, private garden.
With its own entrance and private garden, this handsome home offers the feel of a house. The raised ground floor unfolds from a generous reception room into the adjoining kitchen and dining space.
Original features, including decorative cornicing and a marble fire surround, sit alongside expansive sash windows with original shutters, allowing natural light to filter through the plan.
Elevated above the garden, the rooms enjoy leafy outlooks, while high ceilings and timber floors amplify the sense of openness.
The Shaker-style kitchen lines one wall, leaving ample room for a dining table and is finished with open shelving and a neatly integrated pantry painted in a pop of Farrow & Ball Radicchio.
Also on this floor is the smaller bedroom, currently arranged as a study. Overlooking the greenery of the garden, it is a particularly calm and versatile room, with direct access outside.
The lower-ground floor comprises two double bedrooms, both decorated in Farrow & Balls Hague Blue and Inchyra Blue that creates a cocooning atmosphere.
Herringbone timber flooring runs throughout, lending a cohesive feel, while bespoke joinery and wall panelling add depth and character.
The family bathroom is finished with Zellige tiles and benefits from windows on two aspects, allowing natural light to filter in throughout the day.
The garden is a particular highlight, with a generous plot enveloped by established planting and dappled by the canopy of a mature linden tree.
A decked terrace provides an inviting setting for entertaining, framed by planting beds and subtle pedestal lighting.
Wallace Road is fantastically well-connected within Canonbury, one of north London’s more established neighbourhoods, characterised by its Georgian terraces, garden squares and a sense of tranquility.
The area has a well-regarded selection of pubs and restaurants, with Trullo, Primeur and The Canonbury Tavern longstanding favourites, alongside a number of independent spots that give the neighbourhood its understated energy.
For a slightly buzzier atmosphere, Hoxton is 10 minutes on the Overground and along with the host of excellent Vietnamese restaurants there is also the fascinating Museum of Home.
To the north, Newington Green offers a slightly broader village feel, centred around its green with a greengrocer, butchers, fishmongers and a collection of well-known cafés and restaurants, including an outpost of Jolene, the Lady May pub and Perilla, known for its modern European menu.
To the east, De Beauvoir is characterised by its network of low-traffic streets, cycle lanes, independent shops and architecture.
Dalston is also a short walk with its host of exciting cafes and restaurants including AllPress Espresso, Little Duck Picklery and Dalston Curve Garden.
Highbury Barn is also close by, known for its collection of specialist food shops, including a traditional butcher, La Fromagerie and the long-established Italian delicatessen de Da Mario, which offers a well-considered selection of fresh produce.
Canonbury Overground is under two-minutes walk and has connections to north and east London.
Highbury & Islington station is a 15-minute walk away, providing access to the Victoria line, London Overground and National Rail services, making connections across London straightforward.
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
Agent & docs
FAQ
About Wallace Road, Canonbury, London, N1
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