Bit about the Area :"Forest Gate is not a London district that immediately springs to mind as one to visit, unless it sprouts some hotels and hang-out joints to cope with the overflow from Stratford in 2012. It's a residential area, which is quite literally the gate of Epping Forest, starting with the rural grasslands of Wanstead Flats to the north. The multicultural buzz of Green Street runs up from Upton Park with its profusion of South Asian and, to a lesser extent, Afro-Caribbean food and goods. The area is also home to West Ham Park, which offers a more horticultural experience to the wildness of Wanstead Flats."Observation (*2):This is a unique property with a plethora of possibilities for investors subject to planning. In a well-placed location close to Zone 2 London.
The vendor has spent time and money to create a home that everyone will love. I think those that look to buy this family home will most likely make it their final move. Location is near everything that is great about East London.
Both schools and parade of shops nearby for this will be good for a btl investor, along with those that are seeking a bigger family home. This is an area which:1) boasts good rental yields for the rental income2) boasts a good rate of capital appreciation and3) boasts a rich history for those looking to settle (links with Henry the 8th).
The sizes:ShopMain : 37'0 (11.30m) x 16'9 (5.11m)Back room: 15'5 (4.70m) x 6'3 (1.90m)Basement : 20'8 (6.30m) x 10'10 (3.30m)Cloak room/ Toilet : maisonette 1st floorBathroom 1: 4'11(1.50m) x 5'10 (1.80m)Kitchen: 7'10 (2.40m) x 8'6(2.60m)Reception: 13'5 (4.10m) x 13'5(4.10m)Master Bedroom: 12'10 (3.92m) x 14'3 (4.35m)maisonette 2nd floorBedroom 2 :10'6 (3.20m) x 12'9 (3.9m)Bedroom 3 : 8'2 (2.50m) x 10'10(3.30m)Bathroom 2 : 5'1 (1.56m) x 5'0 (1.54m)*All dimensions are approximate and are quoted for guidance only, their accuracy cannot be confirmed. Reference to appliances and/or services does not imply they are necessarily in working order or fit for the purpose. Buyers are advised to obtain verification from their solicitors as to the Freehold/Leasehold status of the property, the position regarding any fixtures and fittings and where the property has been extended/converted as to Planning Approval and Building regulations compliance. These particulars do not constitute or form part of an offer or contract nor may be regarded as representations. All interested parties must themselves verify their accuracy. Where room layout is included this is for general guidance only, it is not to scale and its accuracy cannot be confirmed.
Ref : 369070Source of reference : Www dot londontown dot com(*2) This is the opinion of the agent, we cannot 100 percent verify these to be fact, we advise you to do your own due diligence before getting involved in the property. Continued...
Average weekly rent of nearby 3 beds.
Gross yield if rented for the average rent.
Average asking price of nearby 3 beds.
79% more expensive
This property is more expensive than average.
Property prices in this area have increased at this rate per year over the last 5 years.
If historic price growth continues, this property could be worth this much in 5 years.
020 8033 5010