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Odessa Road, London E7

London

£600,000
Listed on 02/07/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
649 sqft

Description

This two-bedroom Victorian terrace in Forest Gate presents a unique opportunity for those looking to invest in a property with substantial renovation potential. Nestled in a highly sought-after area known as 'The Lanes,' this home offers a solid foundation for your vision, making it an excellent candidate for transformation into a modern living space. Although the interior features a traditional aesthetic that may feel dated, it provides a blank canvas for personalization. The spacious ground floor includes a large kitchen/diner that invites family gatherings and social events, along with a bright bathroom. Generous windows throughout the property ensure ample natural light fills each room. Upstairs, you’ll find two well-proportioned bedrooms, featuring wooden floors and plenty of space for storage. The primary bedroom overlooks a tranquil street through twin windows, while the second bedroom offers views of the serene garden below. Additionally, there is significant potential to convert the large loft into an additional bedroom or office space (subject to planning). One of the standout features of this property is its expansive 70ft garden, which provides endless possibilities for outdoor development. Whether you envision creating an outdoor retreat or adding functional spaces such as a home office or play area, this generous plot gives you the freedom to realize your ideas. Location plays a crucial role in this property’s appeal. Situated just moments from Forest Gate Station on the Elizabeth Line, commuting is convenient with quick access to Stratford in about 4 minutes and Liverpool Street in approximately 13 minutes. Beyond transportation links, the neighborhood boasts vibrant local cafes, shops, and independent businesses that contribute to a lively community atmosphere. Nearby Wanstead Flats offers green space ideal for weekend leisure activities. This property comes with no onward chain, allowing for swift transactions so you can dive straight into your renovation plans without delay. If you are looking for a home that offers character and significant investment potential in one of East London’s most connected areas, this house could be your perfect match.

Investment Analysis

(E7 area)

Above Market Value

This property is priced +78.9% above area average per sq ft

+78.9%
This Property
£924/sq ft
Area Average
£517/sq ft
Avg Rent (weekly)
£485
Avg Yield
5.8%

Renovation Potential

Est. Renovation Cost
£60,000 - £150,000
10-25% of property value
Target Value
£368,836
10% above area average per sq ft
Potential ROI
-50.8%
After renovation
Monthly Sales
16
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (E7)

Area prices are stable by +1.4% over the last 12 months
3 year growth: 3.6%
5 year growth: 14.0%
Investment Disclaimer: Analysis based on E7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Odessa Road, London E7
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