Flat 5 Solomon House, 50 Rectory Road, Stoke Newington, London, N16 7QY

This three-bedroom duplex flat in Stoke Newington presents a significant renovation opportunity with a guide price of £390,000, which is notably cheaper than the local average sale price of £634,638. While the property shows general signs of neglect and damage throughout, this allows for a complete transformation tailored to modern tastes and functionality. With front and rear gardens, there is potential to enhance the outdoor space, while the interior layout offers a blank canvas for reconfiguration and improvement.

However, the scale of the project cannot be understated; the interiors will require substantial work, and a renovation budget of £100,000 to £200,000 is anticipated to bring the property up to standard. Key areas such as the living room, bedrooms, and kitchen display clear signs of wear and require complete refurbishing. Despite the challenges, this flat's location near Rectory Road Railway Station and local amenities provides an appealing context for future capital growth, making it a worthwhile venture for the right buyer.