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Gainsborough Road, London, E15

London

£500,000
Listed on 18/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
745 sqft

Description

This double three-bedroom house presents a rare opportunity for investors or home renovators, particularly with the granted planning permission for a significant extension. Located conveniently on Gainsborough Road, close to West Ham station, this property offers both immediate living space and the potential for substantial growth through development. The ground floor features a generously sized reception room that overlooks a manageable rear garden, alongside a fitted kitchen and a functional three-piece bathroom. As you ascend to the first floor, you'll find three bedrooms filled with natural light, creating an inviting atmosphere. The expansive low-maintenance garden at the rear complements the charming front garden, enhancing its appeal. The existing planning permission is a key highlight, enabling you to expand the current footprint of the property significantly or even consider developing an additional dwelling (subject to further permissions). With ongoing redevelopment in the area through projects like Twelve Trees Park expected to enhance local infrastructure and amenities over the coming years, this property not only serves as a comfortable family home but also as a sound investment opportunity. Early viewing is advised to fully appreciate its potential.

Investment Analysis

(E15 area)

Above Market Value

This property is priced +14.8% above area average per sq ft

+14.8%
This Property
£671/sq ft
Area Average
£585/sq ft
Avg Rent (weekly)
£513
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£479,285
10% above area average per sq ft
Potential ROI
-20.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (E15)

Area prices are stable by +1.0% over the last 12 months
3 year growth: -3.4%
5 year growth: -0.8%
Investment Disclaimer: Analysis based on E15 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

Gainsborough Road, London, E15
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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
£1,803
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.

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