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Odessa Road, Forest Gate

London

£500,000
Listed on 06/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
939 sqft

Description

This three-bedroom terrace offers a classic layout with significant potential for renovation and expansion, making it an appealing investment opportunity. With over 900 square feet of space, the property features generous sleeping arrangements on the first floor, while the untouched loft invites the possibility of adding an additional storey (subject to planning permission). The exterior boasts a low-maintenance patio garden flanked by greenery, ideal for outdoor enjoyment or further landscaping. Inside, the front lounge is bright and airy, characterized by high ceilings that showcase its period charm. The second lounge at the end of the hall presents ample social space that could benefit from modern updates such as fresh paint and restored flooring. The kitchen currently displays a bold design with red walls and white cabinets but could be reimagined to suit contemporary tastes. The bathrooms also offer potential for modernisation to enhance comfort. Located just five minutes from Wanstead Flats' expansive green spaces and within easy reach of various amenities, this property is well-positioned for those looking to create their dream home or capitalize on its investment potential.

Investment Analysis

(E7 area)

Above Market Value

This property is priced +3.8% above area average per sq ft

+3.8%
This Property
£532/sq ft
Area Average
£513/sq ft
Avg Rent (weekly)
£508
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£529,878
10% above area average per sq ft
Potential ROI
-2.8%
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

Odessa Road, Forest Gate
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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
£1,832
Based on a loan of £375,000 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