1-bedroom flat · E9 5PX
For saleListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Rayners are delighted to offer for sale this one double bedroom flat offering a stunning, tranquil riverside location but also easy access to the vibrant urban hub of Hackney.
The flat is located on the ground floor of a purpose-built block with a secure entrance door.
Accommodation comprises of an entrance hallway with two large storage cupboards and an airing cupboard housing the hot water tank; a bathroom with a modern white suite consisting of bath (with shower attachment), washbasin and WC with fully tiled walls and a heated towel rail; a kitchen which is fitted with a range of modern, white wall and floor units with tiled splashbacks, an electric oven and hob, extractor fan and plumbing for a washing machine and dishwasher; a double bedroom and large reception room with door to a secluded garden area at the rear of the property.
At the front, there is also space to sit under the secure, covered entrance walkway and take in the views.
This area is also perfect for the storage of bicycles, patio furniture and other general items. Resident parking is also available.
The block is located adjacent to the River Lea Navigation and has a lovely area on the banks of the river which is beautifully maintained and for the exclusive use of the residents.
Directly opposite are the wonderful open spaces of Hackney marshes, providing a natural setting with abundant green views, riverside walks and recreation space. Queen Elizabeth park is also close by.
However, the property is also close to the vibrant Hackney town centre and all of the amenities and facilities offered with London living.
Transport links are good with Homerton Station approximately a mile away. This property really does provide a balance between peaceful open spaces and exciting urban living
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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
Agent & docs
FAQ
About 19, Penda's Meade, Lindisfarne Way, London, Hackney
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