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Tower Hamlets Road, London

London

£450,000

Listed on 16/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
1135 sqft

Description

This terraced house in Forest Gate offers a unique opportunity for cash buyers looking for a project with considerable potential. The property boasts a spacious layout of approximately 1,135 square feet, featuring a large through lounge that opens into an extensive kitchen/diner. While the home does require modernisation, particularly due to the non-compliant rear extension and concerns regarding structural support in the lounge area from previous modifications, it presents an excellent canvas for those looking to invest and personalize. Upstairs, you will find two well-proportioned double bedrooms along with a first-floor bathroom. Additional features include practical spaces like a utility room and hallway that enhance functionality. Set within a vibrant community with convenient transport links to the City via the Elizabeth Line at nearby stations, this property not only benefits from its local amenities but also from proximity to picturesque green spaces such as Wanstead Flats, ideal for leisurely activities. Offering chain-free convenience, this house is poised for those ready to embrace renovation challenges and transform it into a welcoming family home in a desirable area.

Investment Analysis

(E7 area)

Below Market Value

This property is priced -25.9% below area average per sq ft

-25.9%
Potential saving
This Property
£396/sq ft
Area Average
£535/sq ft
Avg Rent (weekly)
£485
Avg Yield
5.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£668,135
10% above area average per sq ft
Potential ROI
+36.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (E7)

Area prices are rising by +8.8% over the last 12 months
3 year growth: +7.8%
5 year growth: +19.8%
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

Tower Hamlets Road, London
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,700
Based on a loan of £337,500 over 30 years at 4.45% 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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