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Value Add Opportunity, 1-3 Charrington Street, London, NW1 1RS - Image 1
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Value Add Opportunity, 1-3 Charrington Street, London, NW1 1RS - Image 9

Value Add Opportunity, 1-3 Charrington Street, London, NW1 1RS

London

£2,500,000
Listed on 07/02/2026

Property Details

Bedrooms
N/A
Type
Detached house
Area
2994 sqft

Description

1–3 Charrington Street features two unoccupied Grade II listed properties ripe for a comprehensive renovation. The first house operates as a single residence, while the second and third houses are divided into two split-level flats, comprising a total area of 2,994 sqft (GIA). Given their current vacant state, these buildings are primed for extensive refurbishment that may include structural underpinning, allowing for various reconfiguration or redevelopment possibilities, pending appropriate consents. Additionally, there is an adjacent plot with planning approval for three new 3-bedroom terraced houses, further enhancing the investment appeal of the site with a combined potential floor area of 7,236 sqft (GIA). The property also boasts outdoor space with a private rear garden for No. 1 and communal access to gardens for Flats 2/3. The offering comes with vacant possession, providing clear opportunities to transform these period residences into desirable living spaces amidst the vibrant and ever-developing environment of King’s Cross.

Investment Analysis

(NW1 area)

Below Market Value

This property is priced -18.1% below area average per sq ft

-18.1%
Potential saving
This Property
£835/sq ft
Area Average
£1,019/sq ft
Avg Rent (weekly)
£669
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
Target Value
£3,356,798
10% above area average per sq ft
Potential ROI
+11.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (NW1)

Area prices are falling by -12.4% over the last 12 months
3 year growth: -18.5%
5 year growth: -3.0%
Investment Disclaimer: Analysis based on NW1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Value Add Opportunity, 1-3 Charrington Street, London, NW1 1RS
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£9,017
Based on a loan of £1,875,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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