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Evering Road, Clapton, E5

London

£1,600,000
Listed on 09/05/2024

Property Details

Bedrooms
4
Type
Detached house

Description

This is a unique opportunity to acquire a pair of Freehold semi-detached houses situated on a pleasant tree-lined street. Both properties are in need of refurbishment, presenting a chance for investors or homeowners to add substantial value. The first house features four bedrooms and three bathrooms, complemented by a private garden. The second house offers three bedrooms and two bathrooms, also with access to its own garden. Currently, both homes generate an annual rental income of £76,400, with vacant possession expected in July 2026. There is additional potential to extend the properties, pending the necessary planning consents. Conveniently located near Clapton and Rectory Road Overground Stations, these homes provide excellent transport links into Liverpool Street as well as proximity to numerous shops and dining options along Clapton Road, plus Hackney Downs green space just a short distance away.

Investment Analysis

(E5 area)
Area Average
£751/sq ft
Avg Rent (weekly)
£502
Avg Yield
4.4%

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
24
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (E5)

Area prices are rising by +14.2% over the last 12 months
3 year growth: +8.9%
5 year growth: +3.3%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£5,771
Based on a loan of £1,200,000 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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