Green Lanes, N16
London
£1,150,000
Listed on 25/10/2026
Listed on 25/10/2026
The listing
Property details
Bedrooms
N/AType
Not SpecifiedDescription
A mixed-use freehold property comprising a ground-floor and basement restaurant, two one-bedroom flats above, and a workshop to the rear. The restaurant is let at £25,000 per annum, while the first-floor and second-floor flats are let at £19,200 and £20,400 per annum respectively, giving stated total annual income of £64,600. Further details of the lease agreements are available on enquiry.
The rear workshop may offer scope for an additional residential dwelling, subject to planning and the necessary consents. The property is positioned between Newington Green and Stoke Newington Church Street, with Canonbury and Dalston Kingsland also within walking distance.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
50out of 100
Grade DWeak opportunity
Confidence: LOW
This is a mixed-use freehold with a useful income base: the listing says the restaurant and two flats are let, generating £64,600 a year. The photographed flats look clean and refreshed, while the rear commercial areas and courtyard offer scope for practical tidying and making-good. The upper brickwork and roofline show weathering, and the rear workshop’s low flat roof condition cannot be confirmed.
At £1.15m, value against local £/sqf cannot yet be judged because the floor area is missing. The rear workshop is an additional possible conversion opportunity, subject to planning and necessary consents. Overall, the score is a weaker opportunity, with the missing floor-area data limiting the price and residual-value assessment.
Key opportunities
- Income from the restaurant and two flats, which the listing says are all let.
- Potential to explore conversion of the rear workshop into an additional dwelling, subject to planning and necessary consents.
- Improve the worn rear courtyard with a practical clear-up and tidy-up, and make good the utilitarian commercial back-of-house areas.
Key risks
None recorded.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£4,345
Based on a loan of £862,500 over 30 years at 4.45% interest
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