Wayland Avenue, London, E8
London
£1,000,000
Listed on 20/10/2026
Listed on 20/10/2026
The listing
Property details
Bedrooms
4Type
TerracedArea
1476 sqftFeatures
- Garden
Description
This chain-free four-bedroom period terrace is arranged over three floors and provides approximately 1,476 sq ft of accommodation, with a private rear garden of around 55 feet. The lower-ground floor includes a front reception room currently used as a bedroom, a kitchen and dining area, and a utility space with access to the garden. The upper floors contain four bedrooms, a bathroom and a separate shower room. Bay windows, storage and separate access to the lower-ground floor are also noted. The property requires modernisation, giving buyers scope to update the existing accommodation and consider how best to use its layout.
Wayland Avenue is just off Dalston Lane, within reach of shops, cafés, bars and restaurants in Dalston and Hackney Central, and the open space at Hackney Downs. Hackney Downs and Hackney Central stations provide Overground connections, with local bus routes also serving the City and West End.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
65out of 100
Grade CPotential opportunity
Confidence: MEDIUM
At £1,000,000, this is priced at £678/sq ft, around 17% below the local average—a clear acquisition advantage for a substantial four-bedroom period terrace of about 1,476 sq ft. Its three-floor layout, bay windows, separate lower-ground access and roughly 55-foot garden give buyers a distinctive canvas to rework, while the dated kitchen and shower room, worn finishes and overgrown garden offer scope to add their own style. The utility-room ceiling has extensive staining and damaged finishes that need investigation and making good. Limited photo coverage makes the renovation estimate further provisional.
The £45,000–£85,000 renovation range puts the project beyond a cosmetic refresh, although the score also reflects strong economics and excellent fundamentals. The asking price plus the renovation midpoint is £1,065,000, compared with an implied current local-average value of £1,208,844; that is not a renovated GDV and excludes stamp duty and fees.
Key opportunities
- Rework the three-floor, four-bedroom layout and make the separate lower-ground access work for the household’s needs.
- Update the basic kitchen and dated shower-room finishes to give the period home a more cohesive feel.
- Clear and improve the approximately 55-foot rear garden, which has room to become a more usable outdoor space.
Key risks
- The £45,000–£85,000 works range and the need to address finishes, garden clearance and the utility-room ceiling make this a substantial budget and programme, not a cosmetic refresh.
- Extensive staining and damaged finish to the utility-room ceiling need investigation before the full scope of making good is clear.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£3,778
Based on a loan of £750,000 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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