Worst House on the Street Logo
Melgund Road, Highbury, London, N5 - Image 1
Melgund Road, Highbury, London, N5 - Image 2
Melgund Road, Highbury, London, N5 - Image 3
Melgund Road, Highbury, London, N5 - Image 4
Melgund Road, Highbury, London, N5 - Image 5
Melgund Road, Highbury, London, N5 - Image 6
Melgund Road, Highbury, London, N5 - Image 7
Melgund Road, Highbury, London, N5 - Image 8
Melgund Road, Highbury, London, N5 - Image 9
Melgund Road, Highbury, London, N5 - Image 10
Melgund Road, Highbury, London, N5 - Image 11
Melgund Road, Highbury, London, N5 - Image 12
Melgund Road, Highbury, London, N5 - Image 13
Melgund Road, Highbury, London, N5 - Image 14
Melgund Road, Highbury, London, N5 - Image 15
Melgund Road, Highbury, London, N5 - Image 16
Melgund Road, Highbury, London, N5 - Image 17
Melgund Road, Highbury, London, N5 - Image 18
Melgund Road, Highbury, London, N5 - Image 19
Melgund Road, Highbury, London, N5 - Image 20
Melgund Road, Highbury, London, N5 - Image 21
Melgund Road, Highbury, London, N5 - Image 22

Melgund Road, Highbury, London, N5

London

£2,000,000

Listed on 15/05/2026

Property Details

Bedrooms
5
Type
Terraced
Area
1724 sqft

Description

Nestled on a serene, tree-lined street and just a short stroll from Highbury Fields, this impressive five-bedroom Victorian home boasts significant space and charming original features across its generous 1,700 square feet. While the property is in need of modernisation, it represents an excellent opportunity for an investor or homeowner looking to personalise their living space to reflect their own style and needs. The south-facing front aspect ensures abundant natural light floods the interior, highlighting the classic details such as ceiling roses, intricate cornices, original fireplaces accompanied by elegant mantelpieces, and hardwood flooring that can be restored to their former glory. Although currently requiring upgrades, the home's character and potential make it a compelling project for those ready to embrace a renovation journey. Conveniently located near Highbury & Islington Station and surrounded by vibrant amenities including restaurants, shops, and well-regarded schools like the 'Outstanding' St Mary Magdalene Academy, this property offers both peaceful living and accessibility to urban conveniences.

Investment Analysis

(N5 area)

Above Market Value

This property is priced +25.8% above area average per sq ft

+25.8%
This Property
£1,160/sq ft
Area Average
£922/sq ft
Avg Rent (weekly)
£604
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£1,748,481
10% above area average per sq ft
Potential ROI
-16.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (N5)

Area prices are falling by -5.4% over the last 12 months
3 year growth: -9.7%
5 year growth: -3.6%
Investment Disclaimer: Analysis based on N5 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

Melgund Road, Highbury, London, N5
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£7,135
Based on a loan of £1,500,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.