Worst House on the Street Logo
High Road & 9-10 Johnston Road, Woodford Green - Image 1
High Road & 9-10 Johnston Road, Woodford Green - Image 2
High Road & 9-10 Johnston Road, Woodford Green - Image 3
High Road & 9-10 Johnston Road, Woodford Green - Image 4
High Road & 9-10 Johnston Road, Woodford Green - Image 5

High Road & 9-10 Johnston Road, Woodford Green

London

£650,000
Listed on 04/09/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
2605 sqft

Description

This property presents a noteworthy renovation and investment opportunity, situated at a strategic corner of Johnston Road and High Road in Woodford Green (A104). The area is characterized by a diverse mix of shops, restaurants, offices, and residential flats, contributing to a vibrant community atmosphere. Accessibility is enhanced by the proximity to Woodford Underground Station on the Central Line, providing easy transport links into Central London. The location also offers convenient access to major road networks including Junction 26 of the M25 and the North Circular Road (A406). The subject of this offering is the vacant loft space atop a commercial building that houses various shops and office spaces. This loft area spans approximately 2,605 sq ft (242 sq m) and holds significant potential for conversion. Planning consent has been granted (Ref no 0513/22) for transforming this space into three self-contained apartments—comprising one one-bedroom unit and two two-bedroom units—complete with balconies or terraces, amenity space, landscaping features, as well as provisions for cycle storage and refuse management. Detailed plans indicate that upon completion, the apartments will cover areas of approximately 517 sq ft (48 sq m) for Flat A, 667 sq ft (62 sq m) for Flat B, and 786 sq ft (73 sq m) for Flat C. This redevelopment not only promises to enhance residential offerings in a sought-after locale but also represents a compelling opportunity for capital growth in an increasingly desirable market. The property is available via long lease along with the benefit of the existing planning consent. Given its prime position in a thriving neighborhood combined with the potential for high-quality residential development, this property warrants serious consideration from investors looking to expand their portfolio in Woodford Green. For further inquiries or viewings, please reach out directly to Clarke Hillyer.

Investment Analysis

(IG8 area)

Below Market Value

This property is priced -54.6% below area average per sq ft

-54.6%
Potential saving
This Property
£250/sq ft
Area Average
£550/sq ft
Avg Rent (weekly)
£473
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,576,025
10% above area average per sq ft
Potential ROI
+75.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (IG8)

Area prices are rising by +6.2% over the last 12 months
3 year growth: 4.6%
5 year growth: 14.7%
Investment Disclaimer: Analysis based on IG8 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

High Road & 9-10 Johnston Road, Woodford Green
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,381
Based on a loan of £487,500 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.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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