Worst House on the Street Logo
Odessa Road, Forest Gate - Image 1
Odessa Road, Forest Gate - Image 2
Odessa Road, Forest Gate - Image 3
Odessa Road, Forest Gate - Image 4
Odessa Road, Forest Gate - Image 5
Odessa Road, Forest Gate - Image 6
Odessa Road, Forest Gate - Image 7
Odessa Road, Forest Gate - Image 8
Odessa Road, Forest Gate - Image 9
Odessa Road, Forest Gate - Image 10
Odessa Road, Forest Gate - Image 11

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 terraced home offers a solid foundation for any investor or homeowner looking to create their dream property. With over 900 square feet of living space, the original layout presents a wealth of opportunities for renovation and personalization. The first floor features spacious sleeping arrangements, while the untouched loft provides potential for an additional storey, subject to planning permission. The ground floor welcomes you with a bright front lounge, characterized by high ceilings and plenty of natural light, setting the tone for a comfortable and inviting atmosphere. A second lounge at the rear offers significant social space that could benefit from modern touches, such as new décor and restoration of original hardwood flooring. The kitchen comes with vibrant red walls and white cabinetry, presenting an ideal canvas for updating to contemporary standards. Accessing the private garden is straightforward via a secondary hallway. This outdoor area includes a low-maintenance patio flanked by greenery – perfect for adding outdoor living elements. Upstairs, you'll find generous double bedrooms along with a smaller third bedroom featuring vintage charm. The location is equally appealing, just minutes away from Wanstead Flats' expansive green spaces and close to local amenities like pubs and bakeries on Winchelsea Road. With transport links nearby including Forest Gate station offering superfast access to central London destinations, this property combines renovation potential with an enviable lifestyle in a burgeoning part of London.

Investment Analysis

(E7 area)

Above Market Value

This property is priced +2.1% above area average per sq ft

+2.1%
This Property
£532/sq ft
Area Average
£522/sq ft
Avg Rent (weekly)
£469
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£538,812
10% above area average per sq ft
Potential ROI
-3.8%
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
23%
Properties sold annually

Local Market Trend (E7)

Area prices are rising by +4.0% over the last 12 months
3 year growth: +2.2%
5 year growth: +17.7%
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
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,803
Based on a loan of £375,000 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.