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First Avenue, London, E12

London

£415,000
Listed on 04/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1171 sqft

Description

This extended Victorian terraced home features three bedrooms and is situated in a desirable area near Romford Road Manor Park, making it an appealing investment opportunity. Having been in the same family for decades, the property is now primed for comprehensive refurbishment, offering a blank canvas for potential buyers to create their ideal living space. The generous rear garden is particularly noteworthy, presenting opportunities for extension subject to planning approval (S.T.P.A.), which could significantly enhance both living space and property value. Comprising a spacious entrance hall, separate living and dining rooms, a kitchen, and a downstairs bathroom, along with a cellar for additional storage, the layout provides ample potential to reconfigure and modernize. On the first floor, three well-proportioned bedrooms await revamping. This property also benefits from excellent transport links with multiple stations within a mile and proximity to various local schools.

Investment Analysis

(E12 area)

Below Market Value

This property is priced -25.6% below area average per sq ft

-25.6%
Potential saving
This Property
£354/sq ft
Area Average
£476/sq ft
Avg Rent (weekly)
£459
Avg Yield
5.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£70,000 - £100,000
Target Value
£613,458
10% above area average per sq ft
Potential ROI
+19.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (E12)

Area prices are stable by -1.3% over the last 12 months
3 year growth: +5.6%
5 year growth: +10.8%
Investment Disclaimer: Analysis based on E12 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

First Avenue, London, E12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,481
Based on a loan of £311,250 over 30 years at 3.97% 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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