38 St Olaves Road, East Ham, London E6 2PA
London
£350,000Guide Price
Listed on 23/10/2026
Listed on 23/10/2026
The listing
Property details
Bedrooms
3Type
TerracedFeatures
- Garden
- Tenanted
Description
Offered at auction, this three-bedroom terraced house has a ground-floor living room, dining room and kitchen, with three bedrooms and a bathroom/WC on the first floor. The property is currently let at £19,200 per annum and is described as requiring updating. It also has a rear garden.
St Olaves Road is close to shopping and leisure facilities in East Ham and Barking, including Barking Road Recreation Ground and Central Park. Road connections include the A406, with rail and Underground services available from East Ham and Barking. Buyers should consult the auction particulars for the tenancy terms and other sale information.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
53out of 100
Grade DWeak opportunity
Confidence: LOW
Scoring 53/100 (Grade D), this is a modest rather than standout opportunity: the fundamentals and location score well, but value against local £/sqf cannot be judged because the floor area is missing. The house is currently let at £19,200 a year, and the photos show usable but dated interiors, including an older kitchen and bathroom, alongside a cluttered rear garden. That leaves scope for a light cosmetic refresh and garden clearance; the estimated works are £8,000–£18,000. The available photos show no definite major structural failure.
Key opportunities
- Refresh the dated but usable interior finishes with cosmetic improvements.
- Clear and improve the enclosed rear garden, including assessing its worn paving and tired fencing.
- Retain the existing rental income while considering the property’s updating potential.
Key risks
None recorded.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,322
Based on a loan of £262,500 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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