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Glenparke Road, Forest Gate, London, E7 - Image 1
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Glenparke Road, Forest Gate, London, E7

London

£650,000
Listed on 06/01/2026

Property Details

Bedrooms
4
Type
Semi-detached house
Area
700 sqft

Description

This freehold property presents a promising investment opportunity within the sought-after area of Forest Gate. Comprising two well-proportioned 2-bedroom flats, each featuring a living room, kitchen, and bathroom, this residence is not only generating immediate rental income but also holds substantial potential for future development. The spacious end-terrace home is set across two levels: a self-contained flat on the ground floor and another on the first floor. With its generous layout and prime location, this property becomes a strong candidate for investors and developers alike. The property comes with architectural plans aimed at converting it into three separate flats, pending necessary planning permissions. Alternatively, there is the potential to reconfigure the space into a sizeable family home, offering flexibility in design and use. Given the robust rental market in East London, this property allows for various avenues of enhancement through approved plans for an additional flat, making it ideal for those looking to tap into the area's high demand. Local amenities are conveniently accessible while transport links to Central London via Forest Gate Station are just moments away. Additionally, nearby green spaces such as Wanstead Flats provide excellent leisure options.

Investment Analysis

(E7 area)

Above Market Value

This property is priced +81.0% above area average per sq ft

+81.0%
This Property
£929/sq ft
Area Average
£513/sq ft
Avg Rent (weekly)
£508
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£395,010
10% above area average per sq ft
Potential ROI
-45.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (E7)

Area prices are rising by +5.4% over the last 12 months
3 year growth: 3.6%
5 year growth: 18.4%
Investment Disclaimer: Analysis based on E7 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

Glenparke Road, Forest Gate, London, E7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,381
Based on a loan of £487,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE