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Evering Road, Clapton, E5

London

£1,600,000

Listed on 09/05/2024

Property details

Bedrooms
4
Type
Residential Development

Description

This is a unique chance to acquire two freehold semi-detached houses located on a pleasant tree-lined street. Both properties are in need of refurbishment, providing an excellent investment opportunity for those looking to enhance their value. The first house features four bedrooms and three bathrooms along with a private garden, while the second house offers three bedrooms and two bathrooms, also with a private garden. Currently, both homes are tenanted under assured shorthold tenancies, generating an annual income of £76,400 until vacant possession is available in July 2026. With the potential for further extensions (subject to necessary planning permissions), this dual-property offering is conveniently located near Clapton and Rectory Road Overground stations, facilitating easy access to Liverpool Street. The surrounding area boasts an array of shops and dining options along Clapton Road and is within close proximity to the green spaces at Hackney Downs.

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Investment analysis

(E5 area)
Area Average
£750/sq ft
Avg Rent (weekly)
£508
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (E5)

Area prices are rising by +13.0% over the last 12 months
3 year growth: +11.0%
5 year growth: +5.1%
Investment Disclaimer: Analysis based on E5 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

Evering Road, Clapton, E5
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Mortgage calculator

£
£
£
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%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£6,045
Based on a loan of £1,200,000 over 30 years at 4.45% 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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