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Markhouse Road, London E17

London

£620,000
Listed on 10/04/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
1033 sqft

Description

This four-bedroom family home presents a rare opportunity to enter the Walthamstow market, available for the first time in decades. The property is positioned along a prominent main road, offering excellent visibility and accessibility. It stands as a blank canvas, ready for renovation and modernization, making it appealing to both DIY enthusiasts and investors looking to capitalize on its potential. Walthamstow's vibrant community is a significant draw, featuring a pedestrianized High Street filled with a mix of well-known retailers and charming independent shops. The area boasts Walthamstow Market, recognized as one of the longest outdoor markets in Europe, which operates from Tuesday to Saturday. Additionally, exciting developments are on the horizon with the upcoming Soho Theatre set to open in 2025 on Hoe Street, promising to add further cultural value to the neighborhood. The local amenities also include Lea Valley Park, an attractive space for recreation and relaxation. As properties that require work tend to be highly sought after in this area, this home represents an enticing investment opportunity. The potential for appreciation through refurbishment makes it worthy of consideration for those looking to create their dream home or secure a profitable rental property. Given the scope of renovations needed, prospective buyers are encouraged to conduct thorough due diligence with their lenders prior to viewing. This freehold property comes with an EPC rating of D and is situated within the London Borough of Walthamstow where annual council tax rates are approximately £2,024.58.

Investment Analysis

(E17 area)

Below Market Value

This property is priced -9.5% below area average per sq ft

-9.5%
Potential saving
This Property
£600/sq ft
Area Average
£663/sq ft
Avg Rent (weekly)
£487
Avg Yield
5.2%

Renovation Potential

Est. Renovation Cost
£62,000 - £155,000
10-25% of property value
Target Value
£753,424
10% above area average per sq ft
Potential ROI
-2.8%
After renovation
Monthly Sales
80
Average per month
Market Turnover
61%
Properties sold annually

Local Market Trend (E17)

Area prices are rising by +6.2% over the last 12 months
3 year growth: 9.0%
5 year growth: 19.4%
Investment Disclaimer: Analysis based on E17 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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
Map showing location of Markhouse Road, London E17
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