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Plaistow Park Road, London

London

£293,000
Listed on 03/11/2025

Property Details

Bedrooms
2
Type
Flat
Area
518 sqft

Description

This first-floor apartment, situated on the sought-after Plaistow Park Road, presents an excellent opportunity for buyers looking to customize their living space. Spanning 518 sq. ft, the property comprises two generously sized bedrooms and a sizable lounge that opens into the kitchen, providing a versatile layout for potential reconfiguration. The flat comes chain-free and includes a share of freehold with 954 years remaining on the lease, ensuring long-term ownership stability. With an annual service charge of just £1,440, this property is appealing for both first-time buyers aiming to add value through renovations and investors in search of a project with potential upside. Benefits include communal parking available on a first-come, first-served basis along with access to well-maintained gardens. Its prime location offers proximity to Plaistow Station for efficient travel into London and is within walking distance of the lively Queens Market and May Green park. Overall, this two-bedroom apartment offers substantial scope for improvement and modernization, ideal for those ready to tailor it to their taste in a well-connected area of London.

Investment Analysis

(E13 area)

Above Market Value

This property is priced +19.4% above area average per sq ft

+19.4%
This Property
£566/sq ft
Area Average
£474/sq ft
Avg Rent (weekly)
£456
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£269,829
10% above area average per sq ft
Potential ROI
-16.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (E13)

Area prices are rising by +2.8% over the last 12 months
3 year growth: -5.8%
5 year growth: -2.8%
Investment Disclaimer: Analysis based on E13 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

Plaistow Park Road, London
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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
£1,057
Based on a loan of £219,750 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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