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Millfields Road, Hackney

London

£1,150,000

Listed on 17/06/2026

Property Details

Bedrooms
4
Type
House
Area
1383 sqft

Description

Nestled in the heart of Chatsworth Village, this mid-terrace Victorian home presents an exceptional investment opportunity. Known for its lively atmosphere bolstered by independent shops, eateries, and local schools like Rushmore Primary and Clapton Girls' Academy, this property boasts four spacious double bedrooms and a generous layout that includes two reception rooms and a sizable kitchen/dining area. While it is currently in need of substantial refurbishment—making it ideal for buyers looking to personalize their space—it also offers potential for expansion, pending necessary planning permissions. The property features a first-floor family bathroom and a private rear garden, allowing for various enhancement possibilities. With its prime location in one of Hackney's most desirable areas and priced to account for required renovations, this home is perfect for those looking to create a significant family residence or rental investment. Currently operating as an HMO (House in Multiple Occupancy), the property's charm is matched only by its investment potential.

Investment Analysis

(E5 area)

Above Market Value

This property is priced +10.9% above area average per sq ft

+10.9%
This Property
£832/sq ft
Area Average
£750/sq ft
Avg Rent (weekly)
£508
Avg Yield
4.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£1,141,051
10% above area average per sq ft
Potential ROI
-8.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (E5)

Area prices are rising by +13.0% over the last 12 months
3 year growth: +11.0%
5 year growth: +5.1%
Investment Disclaimer: Analysis based on E5 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

Millfields Road, Hackney
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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
£4,345
Based on a loan of £862,500 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.

Stamp Duty Calculator

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