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£106,000 above fair value

N1 7JL

Canal Bldg, 135 Shepherdess Walk, London N1 7RR, UK

2 Beds
2 Baths
100 m² Floor area
Type Flat
Listed 15 May 2026
Asking price £1,100,000
Price per m² £11,400 / m²

A rare water-facing warehouse apartment set within the iconic Canal Building, offering 1,072 sq ft of beautifully proportioned living space with authentic industrial character and direct canal outlooks. Positioned on the second floor, this exceptional home combines volume, light, and functionality, representing a standout opportunity within one of Islington’s most sought-after developments. First time to market in over 25 years, the property has been carefully held by the same ownership since 2001, making opportunities of this nature exceptionally rare.

Asking price: £1,140,000

  • Water-facing aspect with tranquil canal views
  • 2 Double Bedrooms
  • 2 Bathrooms (one en-suite)
  • Walk-in-wardrobe
  • 1,072 Sq Ft
  • Large open plan kitchen with abundance of storage
  • Laundry room with both seperate dryer and washing machine
  • 3.24m High ceilings throughout
  • Large Crittall-style windows (double glazed)
  • Hardwood flooring
  • 2nd floor
  • 24h porter
  • Fully gated development
  • Resident Canal Facing common area
  • Allocated underground parking
  • Secure bike storage
  • Service Charge: approx. £7,186 per annum
  • Tenure: Leasehold approx. 970 years remaining
  • Live/Work
  • Ground Rent: £500 per annum

THE SPACE

The apartment is centred around a large open-plan kitchen and reception, designed for both entertaining and everyday living. The space is flooded with natural light through expansive Crittall-style windows (double glazed), while the 3.24m ceiling heights create an immediate sense of scale and openness.

The kitchen offers an abundance of storage, seamlessly integrated into the living space, making it both highly practical and visually clean.

The layout has been thoughtfully designed to maximise both privacy and flow, making it ideal for owner-occupiers and investors alike.

THE BUILDING

The Canal Building was originally an industrial warehouse, historically operating as a textile and fabric factory, reflecting the area’s manufacturing heritage along the Regent’s Canal. In 2000, the building was converted into a collection of loft-style apartments and live/work spaces, carefully retaining its industrial character, including large factory-style windows and exposed structural elements. Today, it stands as one of Islington’s most distinctive warehouse conversions, offering authentic loft living within a secure, canal-side setting.

LOCATION & CONNECTIVITY

Set along the Regent’s Canal, Shepherdess Walk offers a unique balance of peaceful waterside living and immediate access to Central London.

Walking distance to Angel, Old Street & Shoreditch

  • Excellent transport connectivity
  • Moments from Upper Street’s restaurants, cafe s, and boutiques
  • Scenic canal walks directly from your doorstep

TRANSPORT LINKS

The property is superbly positioned between Angel Underground Station and Old Street Station, both within easy walking distance, providing fast access across London.

Angel Station (Northern Line – Zone 1)

Approx. 8–10 minute walk

Direct access to:

- King’s Cross St. Pancras – 2 minutes

- Euston – 4 minutes

- Bank (City) – 6 minutes

- London Bridge – 8–10 minutes

Old Street Station (Northern Line + National Rail)

Approx. 10–12 minute walk

Direct access to:

- Moorgate – 2 minutes

- Bank – 5 minutes

Shoreditch / Tech City – walking distance

Northern City Line (Great Northern rail services)

Both stations sit on the Northern Line (Bank branch), offering extremely efficient north–south connectivity through Central London.

Additionally, Angel provides connections nearby to multiple Underground lines via King’s Cross St. Pancras (Circle, Piccadilly, Victoria, etc.), making it one of the most connected locations in London.

Getting Around London

From Angel / Old Street you can reach:

  • King’s Cross / Eurostar – ~2 minutes
  • The City (Bank / Moorgate) – 5–6 minutes
  • London Bridge – ~10 minutes
  • Oxford Circus – ~12–15 minutes (via Northern + Victoria)
  • Canary Wharf – ~15–20 minutes (via Bank + DLR)
  • Heathrow Airport – ~45 minutes

The proximity between Angel and Old Street also means they are just one stop apart (approx. 3 minutes by tube).

PARKS, CANAL & GREEN SPACES

The property sits directly by the Regent’s Canal, offering immediate access to one of London’s most scenic walking routes.

  • Regent’s Canal Towpath – on your doorstep
  • Walk east towards Victoria Park & Limehouse
  • Walk west towards King’s Cross & Camden

The canal provides a rare sense of tranquillity in Zone 1, with cafe s, markets and waterside spots along the route.

Nearby green spaces include:

  • Shoreditch Park (approx. 10–12 min walk)
  • Highbury Fields (approx. 15 min walk)

CAFE S, RESTAURANTS & LIFESTYLE

This location sits between Angel, Shoreditch and Clerkenwell — three of London’s most vibrant lifestyle hubs.

Popular nearby spots include:

  • Ottolenghi Islington – renowned Middle Eastern-inspired dining
  • The Breakfast Club Angel – casual brunch favourite
  • Dishoom Shoreditch – one of London’s most in-demand restaurants
  • The Baring – high-quality gastropub

Upper Street is just moments away, offering:

  • Boutique shops
  • Independent cafe s
  • Bars and nightlife

GROCERIES & EVERYDAY ESSENTIALS

Everything you need is within walking distance:

  • Waitrose & Partners
  • Sainsbury’s
  • Tesco Express

Alongside:

Local bakeries

Organic stores

Convenience shops

How the asking price has moved

May 2026
£1,140,000
Listed at original asking price
Jun 2026
£1,100,000
Current asking price

What similar homes actually sold for

Nearby Land Registry transactions — the data behind our fair price estimate.

Address Sold price Date Type
Flat 40, ANGEL WHARF, 168 SHEPHERDESS WALK, N1 7JL £690,000 Sep 2025 Flat
Flat 42, ANGEL WHARF, 168 SHEPHERDESS WALK, N1 7JL £430,000 Aug 2025 Flat
Flat 29, ANGEL WHARF, 168 SHEPHERDESS WALK, N1 7JL £420,000 Jun 2025 Flat
Flat 13, ANGEL WHARF, 164 SHEPHERDESS WALK, N1 7JL £625,000 Jun 2025 Flat
Flat 1, ANGEL WHARF, 164 SHEPHERDESS WALK, N1 7JL £162,500 May 2025 Flat
Flat 38, ANGEL WHARF, 168 SHEPHERDESS WALK, N1 7JL £663,000 Apr 2025 Flat
Flat 61, ANGEL WHARF, 168 SHEPHERDESS WALK, N1 7JL £929,800 Oct 2024 Flat
Flat 43, ANGEL WHARF, 168 SHEPHERDESS WALK, N1 7JL £660,000 Sep 2024 Flat
Flat 31, ANGEL WHARF, 168 SHEPHERDESS WALK, N1 7JL £146,250 Apr 2024 Flat
Flat 53, ANGEL WHARF, 168 SHEPHERDESS WALK, N1 7JL £440,000 Feb 2024 Flat
Flat 44, ANGEL WHARF, 168 SHEPHERDESS WALK, N1 7JL £130,000 Feb 2024 Flat
Flat 55, ANGEL WHARF, 168 SHEPHERDESS WALK, N1 7JL £875,000 Mar 2020 Flat
Flat 47, ANGEL WHARF, 168 SHEPHERDESS WALK, N1 7JL £725,000 Dec 2019 Flat
Flat 8, ANGEL WHARF, 164 SHEPHERDESS WALK, N1 7JL £620,000 Dec 2018 Flat
Flat 20, ANGEL WHARF, 164 SHEPHERDESS WALK, N1 7JL £575,000 Sep 2018 Flat
Source: HM Land Registry · N1 7JL · Sorted by date

Canal Bldg, 135 Shepherdess Walk, London N1 7RR, UK

Our fair price estimate
£994,000
Nearby sold prices per m² × UK HPI × 100 m² floor area (EPC-declared)
Asking price £1,100,000
Fair price £994,000
Difference ↑ £106,000 over
Price per m² £11,400 / m²
Contact landlord
About this valuation

Fair price calculated from HM Land Registry sold prices in the same postcode area, adjusted by the UK House Price Index, and multiplied by the EPC-declared floor area of 100 m². Updated daily.