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242 & 244 Bethnal Green Road, London, E2 0AA - Image 1
242 & 244 Bethnal Green Road, London, E2 0AA - Image 2
242 & 244 Bethnal Green Road, London, E2 0AA - Image 3
242 & 244 Bethnal Green Road, London, E2 0AA - Image 4
242 & 244 Bethnal Green Road, London, E2 0AA - Image 5
242 & 244 Bethnal Green Road, London, E2 0AA - Image 6

242 & 244 Bethnal Green Road, London, E2 0AA

London

£1,950,000
Listed on 20/04/2026

Property Details

Bedrooms
N/A
Type
Retail Property (high Street)
Area
6448 sqft

Description

This is a unique opportunity to acquire two substantial period buildings, offering approximately 6,448 sq. ft. (599 sq. m.) of space in the vibrant E2 district along Bethnal Green Road. These character-rich properties are strategically located in a bustling area with excellent foot traffic and robust transport options, making them suitable for various commercial or residential redevelopment projects. Originally owner-occupied, the buildings have been well-cared for but reveal significant potential for both modernisation and enhancement to meet current market demands. Investors will find value in the strong scope for refurbishment or comprehensive redevelopment, which could transform these sites into lucrative income-generating assets or a series of high-quality residential apartments, capitalising on the local demand for housing. With proper planning permissions, there is ample opportunity to tap into the ongoing growth and desirability of East London as a centre for living and working. The surrounding area boasts an eclectic mix of cafés, restaurants, and bars that contribute to its lively atmosphere and continuous footfall. Located within walking distance from key transport links such as Bethnal Green Underground Station and Shoreditch High Street Station, this location appeals to both professionals and residents alike. In summary, these properties provide a rare freehold investment possibility in one of London’s most dynamic neighbourhoods with a promising future trajectory.

Investment Analysis

(E2 area)

Below Market Value

This property is priced -59.9% below area average per sq ft

-59.9%
Potential saving
This Property
£302/sq ft
Area Average
£755/sq ft
Avg Rent (weekly)
£552
Avg Yield
5.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £600,000
Target Value
£5,353,291
10% above area average per sq ft
Potential ROI
+109.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (E2)

Area prices are rising by +3.5% over the last 12 months
3 year growth: +1.8%
5 year growth: -5.9%
Investment Disclaimer: Analysis based on E2 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

242 & 244 Bethnal Green Road, London, E2 0AA
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£6,907
Based on a loan of £1,462,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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