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228 Dalston Lane, Hackney, E8 1LA - Image 1
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228 Dalston Lane, Hackney, E8 1LA

London

£2,100,000
Listed on 25/02/2023

Property Details

Bedrooms
N/A
Type
Detached house
Area
3039 sqft

Description

This property features five self-contained flats along with a commercial unit, all housed within a mixed-use building. Currently generating an income of approximately £98,300 annually, this investment opportunity includes nine long-leasehold flats within the block that yield ground rents of £300 each per year. The lower ground floor commercial space contains an open-plan office area with a kitchenette and bathroom, plus a separately accessed office and storage area; however, it lacks natural light in the meeting room. The residential configuration consists of four one-bedroom flats and one two-bedroom flat, with two units benefiting from small terrace areas while the others do not offer outside space. There is also a gated car park accommodating six vehicles. Located at a crossroads near Hackney Downs train station, the site enjoys convenient access to London Overground services and is surrounded by various residential and retail offerings. Notably, planning permission for a two-storey extension was recently denied; however, there appears to be potential for developing two additional residential units on one floor pending council approval.

Investment Analysis

(E8 area)

Below Market Value

This property is priced -16.7% below area average per sq ft

-16.7%
Potential saving
This Property
£691/sq ft
Area Average
£829/sq ft
Avg Rent (weekly)
£551
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£2,772,100
10% above area average per sq ft
Potential ROI
+24.9%
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
13%
Properties sold annually

Local Market Trend (E8)

Area prices are falling by -9.0% over the last 12 months
3 year growth: -1.6%
5 year growth: +4.1%
Investment Disclaimer: Analysis based on E8 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

228 Dalston Lane, Hackney, E8 1LA
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£7,574
Based on a loan of £1,575,000 over 30 years at 4.06% 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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