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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

An intriguing investment opportunity presents itself with two freehold semi-detached properties located on a charming tree-lined street. Both houses require refurbishment, offering a blank canvas for potential enhancements. The first property features four bedrooms and three bathrooms, complemented by a private garden. The second property includes three bedrooms and two bathrooms, also featuring its own private garden. Currently, both homes are tenanted under Assured Shorthold Tenancies (ASTs), generating a combined annual income of £76,400, with vacant possession available in July 2026. There is additional scope for expansion of the properties, subject to obtaining the necessary planning permissions. Conveniently positioned near Clapton and Rectory Road Overground Stations, these houses provide excellent access to Liverpool Street and are within proximity to an array of shops, restaurants along Clapton Road, as well as Hackney Downs green space.

Investment Analysis

(E5 area)
Area Average
£742/sq ft
Avg Rent (weekly)
£521
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£70,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (E5)

Area prices are rising by +11.5% over the last 12 months
3 year growth: +9.1%
5 year growth: +3.6%
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

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£5,667
Based on a loan of £1,200,000 over 30 years at 3.91% 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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