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Caldecott Way, London E5

London

£640,000

Listed on 18/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1088 sqft

Description

This spacious three-bedroom ex-local authority house spans three floors and offers a unique blank canvas for potential buyers interested in renovation. The ground level features a large kitchen/dining area with direct access to a private rear garden, complemented by a utility/storage room and a separate W/C, presenting opportunities for reconfiguration. The first floor houses an airy reception room along with one of the generously sized double bedrooms, while the top floor includes two additional double bedrooms and a family bathroom. Given that the property requires comprehensive updating, it presents an appealing option for those looking to personalize their living space or create an investment property in a desirable Hackney neighbourhood. Notably, it is chain-free, making for a smoother transaction process. Situated just moments from Millfields Park, residents can enjoy nearby green spaces and scenic walks along the River Lea and Hackney Marshes. The vibrant Chatsworth Road is within easy reach, known for its assortment of independent cafés, restaurants, and weekend markets that cater to both families and young professionals. Transport options are excellent with Homerton Station, Clapton Station, and numerous bus routes facilitating convenient travel into Hackney, Stratford, and central London. Additionally, the area is recognized for its quality local schools, making this property an ideal choice for growing families or first-time buyers keen on making their mark.

Investment Analysis

(E5 area)

Below Market Value

This property is priced -21.6% below area average per sq ft

-21.6%
Potential saving
This Property
£588/sq ft
Area Average
£750/sq ft
Avg Rent (weekly)
£508
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£897,660
10% above area average per sq ft
Potential ROI
+32.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (E5)

Area prices are rising by +13.0% over the last 12 months
3 year growth: +11.0%
5 year growth: +5.1%
Investment Disclaimer: Analysis based on E5 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

Caldecott Way, London E5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,418
Based on a loan of £480,000 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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