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Somerford Grove, London N16

London

£210,000

Listed on 18/06/2026

Property details

Bedrooms
N/A
Type
Studio
Area
268 sqft

Description

This studio flat presents an excellent opportunity for investors or those seeking to create a personalized living space through complete renovation. Located on the second floor of a well-maintained purpose-built block in a tranquil residential area of Stoke Newington, the property boasts large windows that bring in ample natural light, creating a blank canvas for transformation. The layout includes a spacious studio room, separate kitchen, bathroom, and access to a communal garden. Situated within easy reach of the vibrant amenities along Stoke Newington High Street and Church Street, as well as the expansive parks such as Clissold Park and Hackney Downs Park, this property offers both lifestyle and investment potential. Transport links are convenient with nearby Overground stations at Dalston Kingsland and Junction, complemented by various bus routes leading into central London.

Investment analysis

(N16 area)

Below Market Value

This property is priced -0.8% below area average per sq ft

-0.8%
Potential saving
This Property
£784/sq ft
Area Average
£790/sq ft
Avg Rent (weekly)
£528
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£232,818
10% above area average per sq ft
Potential ROI
-8.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (N16)

Area prices are falling by -4.1% over the last 12 months
3 year growth: -6.2%
5 year growth: -0.8%
Investment Disclaimer: Analysis based on N16 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

Somerford Grove, London N16
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£793
Based on a loan of £157,500 over 30 years at 4.45% 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

Price History

-16.0% since listed
£210,000£40,000(-16.0%)
14/07/2026
Current price
£250,000Initial listing
19/06/2026

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