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Otley Road, London E16

London

£450,000
Listed on 08/09/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
795 sqft

Description

This semi-detached house features two well-sized bedrooms and presents a promising opportunity for those looking to invest or create their ideal living space. The property is ideally suited for first-time buyers and investors alike, with strong rental yield potential of over 5%, which could be increased to 6% or more with strategic renovations. Upon entry, you'll find a separate lounge that serves as a comfortable area for relaxation and social gatherings. The room benefits from ample natural light, creating an inviting atmosphere. It offers flexibility in layout, making it suitable for various uses depending on your lifestyle needs. The kitchen, which is spacious and functional, provides considerable storage options and workspace. Its size allows for the incorporation of modern appliances and can potentially accommodate a small dining area, enhancing the overall utility of this home. Moving upstairs, both bedrooms are well-proportioned and filled with natural light, making them excellent retreats. Each room can comfortably fit double beds along with additional furnishings, ensuring ample living space for residents. The family bathroom is practical and equipped with essential amenities to serve both bedrooms. While functional as it stands, there may be opportunities to upgrade this area to reflect personal tastes. Outside, the property boasts both front and rear gardens. The front garden enhances the home's curb appeal while the rear garden offers a private outdoor space perfect for gardening or leisure activities. This area holds significant potential for enhancement or expansion (subject to necessary planning permissions), allowing you to tailor it to your preferences. Located conveniently in a neighborhood rich with local amenities—shops, cafes, restaurants—and excellent public transport links for easy commuting across London, this property is strategically situated near parks and green spaces as well. This combination of practicality and investment potential makes it an attractive option worth considering for anyone looking to make their mark in real estate. As always, prospective buyers should conduct their own due diligence regarding the condition of fixtures and fittings along with all measurements provided being approximate.

Investment Analysis

(E16 area)

Below Market Value

This property is priced -4.9% below area average per sq ft

-4.9%
Potential saving
This Property
£566/sq ft
Area Average
£595/sq ft
Avg Rent (weekly)
£511
Avg Yield
6.1%

Renovation Potential

Est. Renovation Cost
£45,000 - £112,500
10-25% of property value
Target Value
£520,371
10% above area average per sq ft
Potential ROI
-7.5%
After renovation
Monthly Sales
32
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (E16)

Area prices are falling by +11.5% over the last 12 months
3 year growth: -6.0%
5 year growth: -1.4%
Investment Disclaimer: Analysis based on E16 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

Otley Road, London E16
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