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Groombridge Road (Land), Victoria Park E9 - Image 9
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Groombridge Road (Land), Victoria Park E9

London

£750,000

Listed on 05/06/2026

Property Details

Bedrooms
3
Type
Land
Area
1450 sqft

Description

This self-build development plot presents a unique opportunity for those looking to invest in a prime location within one of the most coveted streets in Victoria Park. With full planning permission already secured, the site is primed for the construction of a contemporary residence spanning approximately 1,450 sq ft. While the seller is offering the land as a development plot only, this enables prospective buyers to tailor their project from start to finish, creating a bespoke home suited to their specific needs. Nestled along the picturesque Groombridge Road, the proposed design maximizes natural light and incorporates thoughtful layouts across three floors, featuring three bedrooms and two bathrooms. The ground floor hosts an inviting kitchen and dining area with tri-aspect windows that open onto the garden, enhancing indoor-outdoor living. A spacious first-floor reception room further benefits from extensive glazing, while the top floor accommodates a luxurious principal suite complete with an en-suite bathroom, fitted wardrobes, and access to a private roof terrace boasting views over adjacent green spaces. This cleared plot is ready for immediate construction start and comes with an established party wall agreement with neighbors. Its strategic positioning means it not only offers privacy but also easy access to Well Street Common and the vibrant amenities of Victoria Park Village, including local shops and eateries. Interested parties should conduct their own due diligence regarding Section 106 and Community Infrastructure Levy obligations—particularly those considering this as their principal residence may benefit from potential relief on these charges. For self-builders or investors keen on capitalizing on this flourishing East London location, this plot offers remarkable potential for creating a modern family home tailored to contemporary living standards.

Investment Analysis

(E9 area)

Below Market Value

This property is priced -30.3% below area average per sq ft

-30.3%
Potential saving
This Property
£517/sq ft
Area Average
£742/sq ft
Avg Rent (weekly)
£548
Avg Yield
5.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£180,000 - £250,000
Target Value
£1,183,410
10% above area average per sq ft
Potential ROI
+18.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (E9)

Area prices are stable by +1.7% over the last 12 months
3 year growth: -4.2%
5 year growth: +4.0%
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 (Land), Victoria Park E9
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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
£2,833
Based on a loan of £562,500 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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