3-bedroom flat · E5 9AT
Sold STCListed 133 days
Opportunity summary
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About
Next Home Ltd are delighted to offer this spacious 3-bedroom mid-floor maisonette spanning 86 sqm, located on the sought-after Keir Hardie Estate in Springfield, E5.
This leasehold property, held under a lease from July 6, 1987, for a term of 125 years with a ground rent of £9 per annum, is an excellent investment opportunity.
Situated near Clapton Common and directly opposite Springfield Park, the maisonette offers easy access to local amenities and Clapton Overground Station.
The property features a large reception room, modern kitchen, and three well-proportioned bedrooms with park views. Tenant in situ with periodic tenancy. EPC Rating: D.
Full Description Tenure: Leasehold, 125-year lease from July 6, 1987, with a ground rent of £9 per annum plus additional rent.
EPC Rating: D Current Rental Status: Tenant in situ with a periodic tenancy. A Section 13 notice has been served to increase the rent from £1,760 to £1,830 per month from November 2024.
Location: This 3-bedroom mid-floor maisonette is located on the well-maintained Keir Hardie Estate, just off Clapton Common and across from Springfield Park, making green spaces and outdoor activities easily accessible.
The property benefits from proximity to a variety of shops, dining options, and transport links, including Clapton Overground Station for convenient travel into central London and beyond.
Property Overview: Spanning 86 square meters, this mid-floor maisonette is arranged over two levels within a purpose-built block, providing comfortable, well-insulated living with flats above and below for added privacy.
The property combines ample space with a functional layout ideal for both family living and rental investment.
Accommodation: Fourth Floor: Bedroom One - Bright and spacious Bedroom Two - Generous space, perfect for guests or home office use Bedroom Three - Flexible use as bedroom, office, or study Family Bathroom - Equipped with a full bath Separate WC Entrance Hall - Welcoming with storage potential Reception Room - Large, light-filled space for relaxation and entertaining Modern Kitchen - Functional design for cooking and dining Additional features include gas-fired central heating (system untested), This spacious maisonette offers a unique combination of urban convenience and nearby green spaces, making it a rare find in the vibrant E5 area.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Keir Hardie Estate, Springfield, London, E5
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