7 bed terraced house for sale

Wallace Road, Canonbury N1

Set back from the road behind traditional wrought iron railings and front gardens, these two attractive four-storey Victorian houses date back to approximately 1860. The houses are divided into apartments, and the sale includes four apartments occupying all of no 27 and the lower two floors of no 28, with a total area of 3,909 sq ft.

Sitting at the end of a locally listed terrace, the properties are located mere moments from Canonbury station and local shops and within easy walking distance of the many amenities in this desirable residential area, including Highbury Fields and Upper Street. Canonbury station provides fast connections across the capital via two overground lines.

The properties represent an exciting investment opportunity, being overall in good condition and with the potential for value to be added through refurbishment and reconfiguration. The exterior has recently been redecorated. Both houses have west-facing gardens, and no. 28 has a side garden that wraps around the side of the house, providing direct access to the rear garden.

Offers are invited for all four properties on a combined basis and not for the individual units, and the vendor will not accept any offers that are ‘subject to planning’.

The apartments included in the sale are:

27 Wallace Road
- 27 – lower ground floor, 1 bedroom apartment, no outside space
- 27a – 1st & 2nd floor duplex, 2 bedroom apartment with balcony

28 Wallace Road
- Flat 1 – lower ground floor studio & 1 bedroom apartment with garden
- Flat 2 – upper ground floor, 1 bedroom lateral apartment comprising the upper ground floors of no 27 and no 28, including the garden of no 27.

The upper two floors of no. 28, a duplex apartment (28a) sold on a long lease, is not included in the sale.

27 Wallace Road is held freehold, as is 27a where the long lease is in the same ownership as the freehold, so it has effectively been surrendered. The flats in no 28 are on long leaseholds with shares in the freehold.

The vendor has been advised that:
- Flat 1 in no 28 requires a certificate of lawfulness to be retained as two separate units, and the electricity supply needs to be separated.
- The leases for the flats in no 28 need to be regularised to reflect the premises demised to the three flats accurately.