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Markhouse Road, London E17

London

£565,000
Listed on 10/04/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1086 sqft

Description

This three-bedroom family home presents a rare opportunity for those looking to invest in a property with significant renovation potential. Available for the first time in 24 years, the house requires complete refurbishment and modernization, making it an ideal project for DIY enthusiasts or investors seeking to add value. Situated on a main road in Walthamstow, this property boasts excellent transport links, providing easy access to the surrounding area and central London. The vibrant community of Walthamstow features a pedestrian-friendly High Street lined with a mix of well-known brands and independent shops, alongside an array of dining options. Notably, Walthamstow Market, recognized as Europe’s longest open-air market, is just moments away and operates from Tuesday to Saturday. The area is also experiencing positive developments, including plans for the Soho Theatre’s new venue set to open in 2025 on Hoe Street. This modern performing arts space will enhance the local cultural scene and draw more visitors to the area. For outdoor enthusiasts, Lea Valley Park offers ample recreational space for walking, cycling, and enjoying nature. Properties like this one that require renovation are always appealing to buyers looking for projects with substantial upside potential. Given the extent of necessary improvements, interested parties are encouraged to assess their financing options before arranging viewings. This property is sold freehold and holds an EPC rating of D. With the right vision and investment in renovations, this home could transform into a desirable living space in a thriving neighborhood.

Investment Analysis

(E17 area)

Below Market Value

This property is priced -22.1% below area average per sq ft

-22.1%
Potential saving
This Property
£520/sq ft
Area Average
£668/sq ft
Avg Rent (weekly)
£450
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£798,291
10% above area average per sq ft
Potential ROI
+20.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
68
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (E17)

Area prices are rising by +8.1% over the last 12 months
3 year growth: 11.3%
5 year growth: 21.0%
Investment Disclaimer: Analysis based on E17 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

Markhouse Road, London E17
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,070
Based on a loan of £423,750 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE