Worst House on the Street Logo
Groombridge Road, Victoria Park E9 - Image 1
Groombridge Road, Victoria Park E9 - Image 2
Groombridge Road, Victoria Park E9 - Image 3

Groombridge Road, Victoria Park E9

London

£750,000
Listed on 15/03/2026

Property Details

Bedrooms
3
Type
Land
Area
1450 sqft

Description

This is a distinctive opportunity to acquire a development plot in the desirable area of Victoria Park, E9, complete with approved planning consent. Located on the charming Groombridge Road, the plot offers permission for a modern three-bedroom, two-bathroom home that spans approximately 1,450 sq ft. The proposed design thoughtfully incorporates an expansive open-plan kitchen and dining area, a separate living room on the first floor, and both a private garden and roof terrace to enhance outdoor living. Spread across three levels, this layout is designed to optimize natural light while providing views of nearby traditional homes and Well Street Common. This project presents an excellent chance for an enthusiastic self-builder or owner-occupier eager to realize their vision of a tailored contemporary residence. The buyer will need to account for an estimated £65,000 Section 106 contribution related to affordable housing at the start of construction. The site has already been cleared for development, with a pre-existing party wall agreement with neighboring properties. Nestled in a tranquil residential area that leads directly onto Well Street Common, this location is just moments away from the thriving amenities of Victoria Park Village. Here, you will find a fantastic array of independent shops and dining options such as The Ginger Pig and Okko. Moreover, the picturesque green expanses of Victoria Park, featuring its boating lake and popular weekend markets, are within easy walking distance.

Investment Analysis

(E9 area)

Below Market Value

This property is priced -29.9% below area average per sq ft

-29.9%
Potential saving
This Property
£517/sq ft
Area Average
£738/sq ft
Avg Rent (weekly)
£539
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £300,000
Target Value
£1,177,429
10% above area average per sq ft
Potential ROI
+12.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (E9)

Area prices are falling by -4.6% over the last 12 months
3 year growth: -8.1%
5 year growth: 0.0%
Investment Disclaimer: Analysis based on E9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Groombridge Road, Victoria Park E9
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,705
Based on a loan of £562,500 over 30 years at 4.06% 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.