3 Bed Flat, Refurb/BRRR, London, E9 6BT £450,000

Banister House, Homerton High Street, E9 6BT - 10 months ago

Under Offer

Leasehold

Refurb/BRRR

~83 m²

ValuationFair Value

Sold Prices	£222K - £1.3M
Sold Prices/m²	£3.3K/m² - £12.7K/m²

Square Metres	~82.64 m²
Price/m²	£5.4K/m²
Value Estimate	£450,000£450,000

End Value (After Refurb)	£794,939£794,939
Uplift in Value	+77%+77%
You could potentially get back more cash than you put into this deal. All your cash out plus £48,378 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£36,200£36,200
Refurb Costs	£48,064£48,064
Bridging Loan Interest	£11,813£11,813
Total Cash In	£210,326£210,326

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£794,939£794,939
Agent Fees (1%)	£7,949£7,949
Bridging Loan	£337,500£337,500
Bridging Loan Interest	£11,813£11,813
Flip Profit	£239,163£239,163

Local Sold Prices

50 sold prices from £222K to £1.3M, average is £560K. £3.3K/m² to £12.7K/m², average is £7.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£457K	12/24	0 mi	Banister House, Flat 331, Homerton High Street, Hackney, London E9 6BT	£5,376	85	3	Flat
£412K	07/25	0.04 mi	Flat 351, Banister House, Homerton High Street, Hackney, London E9 6BT	-	-	3	Flat
£290K	07/23	0.17 mi	15, Staveley Close, London, Greater London E9 6DY	£4,028	72	3	Flat
£720K	03/25	0.22 mi	19a, Chatsworth Road, Hackney, London E5 0LH	£7,500	96	3	Flat
£595K	05/23	0.22 mi	13, Burnett Close, London, Greater London E9 6ET	-	-	3	Flat
£500K	08/21	0.24 mi	Flat 8, Musgrove House, Hassett Road, London, Greater London E9 5SP	-	-	3	Flat
£370K	04/23	0.26 mi	20, Waterloo Close, London, Greater London E9 6EF	-	-	3	Flat
£895K	08/25	0.27 mi	Flat A, 53, Median Road, Hackney, London E5 0PJ	-	-	3	Flat
£395K	08/25	0.29 mi	29, Butfield House, Stevens Avenue, Hackney, London E9 6RS	-	-	3	Flat
£281.3K	05/25	0.29 mi	Flat 15, 7 Hamella House, Sadler Place, Hackney, London E9 5QQ	£3,961	71	3	Flat
£281.3K	05/25	0.29 mi	Flat 15, 7 Hamella House, Sadler Place, Hackney, London E9 5QQ	-	-	3	Flat
£450K	12/22	0.3 mi	48, Ballance Road, London, Greater London E9 5SR	£6,029	75	3	Flat
£460K	01/23	0.3 mi	54, Ballance Road, London, Greater London E9 5SR	£6,133	75	3	Flat
£645K	03/23	0.32 mi	11, Median Road, London, Greater London E5 0PF	£6,705	96	3	Flat
£435K	05/25	0.33 mi	12, Dycer House, Wick Road, Hackney, London E9 5AS	£6,214	70	3	Flat
£435K	05/25	0.33 mi	12, Dycer House, Wick Road, Hackney, London E9 5AS	-	-	3	Flat
£818K	03/23	0.34 mi	First & Second Floor Flat, 54a, Glenarm Road, London, Greater London E5 0LZ	-	-	3	Flat
£495K	06/21	0.34 mi	Flat 5, Dycer House, Wick Road, London, Greater London E9 5AS	-	-	3	Flat
£825K	01/25	0.35 mi	14 Knightswood House, Flat 2, Rowe Lane, Hackney, London E9 6EL	£12,692	65	3	Flat
£222K	01/23	0.35 mi	Flat 84, Granard House, Bradstock Road, London, Greater London E9 5BW	-	-	3	Flat
£1.1M	06/23	0.4 mi	13a, Poole Road, London, Greater London E9 7AE	£12,440	84	3	Flat
£845K	07/23	0.42 mi	50a, Lockhurst Street, London, Greater London E5 0AP	£11,118	76	3	Flat
£625K	08/25	0.44 mi	82, Mabley Street, Hackney, London E9 5RL	-	-	3	Flat
£795K	07/25	0.44 mi	Flat B, 105, Elderfield Road, Hackney, London E5 0LE	-	-	3	Flat
£390K	03/23	0.47 mi	Flat 65, Kingsmead House, Homerton Road, London, Greater London E9 5QJ	-	-	3	Flat
£737K	06/21	0.49 mi	253a, Glyn Road, London, Greater London E5 0JP	-	-	3	Flat
£761.5K	09/21	0.51 mi	26a, Sewdley Street, London, Greater London E5 0AX	£8,188	93	3	Flat
£600K	08/25	0.51 mi	Flat 16, Devonshire Hall, Frampton Park Road, Hackney, London E9 6QB	-	-	3	Flat
£430K	12/22	0.51 mi	281, Dalston Lane, London, Greater London E8 1HL	£8,350	52	3	Flat
£525K	10/21	0.52 mi	Flat 15, Northumberland Mansions, Lower Clapton Road, London, Greater London E5 0QX	-	-	3	Flat
£355K	03/25	0.55 mi	14, Edred House, Homerton Road, Hackney, London E9 5PN	£5,820	61	3	Flat
£385K	03/23	0.56 mi	Flat 4, Staplehurst House, Clarence Road, London, Greater London E5 8JL	-	-	3	Flat
£420K	04/23	0.56 mi	117, Nye Bevan Estate, London, Greater London E5 0AH	-	-	3	Flat
£478.2K	09/24	0.57 mi	149, Chatsworth Road, Hackney, London E5 0LA	£3,321	144	3	Flat
£655K	05/25	0.6 mi	27, Banbury Road, Hackney, London E9 7DU	£8,851	74	3	Flat
£655K	05/25	0.6 mi	27, Banbury Road, Hackney, London E9 7DU	-	-	3	Flat
£437K	02/23	0.62 mi	Flat 8, Perrywood House, Pembury Road, London, Greater London E5 8JG	-	-	3	Flat
£875K	06/21	0.63 mi	15a, Cadogan Terrace, London, Greater London E9 5EG	-	-	3	Flat
£850K	04/25	0.63 mi	Flat 75, 3, Atkins Square, Hackney, London E8 1FP	£6,391	133	3	Flat
£805K	03/25	0.67 mi	Flat A, 74, Cricketfield Road, Hackney, London E5 8NS	£9,938	81	3	Flat
£490K	04/25	0.68 mi	Flat 1, Birchington House, Pembury Road, Hackney, London E5 8LD	£7,206	68	3	Flat
£615K	06/21	0.7 mi	Flat 5, Banbury House, Banbury Road, London, Greater London E9 7EB	-	-	3	Flat
£1.3M	01/23	0.71 mi	106a, Lauriston Road, London, Greater London E9 7HA	£11,488	111	3	Flat
£880K	03/25	0.72 mi	Flat C, 18, Downs Road, Hackney, London E5 8DD	-	-	3	Flat
£1.1M	02/25	0.73 mi	43, First Floor Flat, Southborough Road, Hackney, London E9 7EF	£10,644	101	3	Flat
£775K	05/23	0.74 mi	Flat C, 171, Graham Road, London, Greater London E8 1PD	£9,568	81	3	Flat
£597.5K	06/23	0.75 mi	191b, Mare Street, London, Greater London E8 3QE	£5,690	105	3	Flat
£476K	04/23	0.75 mi	77, Downs Road, London, Greater London E5 8DS	-	-	3	Flat
£560K	06/25	0.75 mi	Flat 44, Cottrill Gardens, Marcon Place, Hackney, London E8 1NY	£8,000	70	3	Flat
£560K	06/25	0.75 mi	Flat 44, Cottrill Gardens, Marcon Place, Hackney, London E8 1NY	-	-	3	Flat

Local Rents

50 rents from £2K/mo to £4.8K/mo, average is £2.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,600	07/25	0.07 mi	Banister House, Homerton High Street, Homerton, E9	3	Flat
£2,700	06/25	0.07 mi	Banister House, Homerton High Street, Homerton, E9	3	Flat
£2,600	06/25	0.07 mi	Banister House, Homerton High Street, Homerton, E9	3	Flat
£2,700	08/25	0.07 mi	Homerton High Street, London, E9	3	Flat
£2,700	08/25	0.07 mi	-	3	Flat
£2,900	08/25	0.07 mi	-	3	Flat
£3,300	11/25	0.11 mi	Banister House, Homerton High Street, London, E9	3	Flat
£2,900	09/25	0.11 mi	14 Digby Works	3	Flat
£2,500	02/24	0.12 mi	-	3	Flat
£3,250	03/24	0.13 mi	-	3	Flat
£3,700	07/25	0.15 mi	Chelmer Road, London, E9	3	Terraced House
£2,500	02/24	0.15 mi	-	3	Flat
£2,900	05/24	0.15 mi	Homerton High Street, London, E9	3	Flat
£2,600	10/25	0.16 mi	-	3	Flat
£2,700	03/25	0.16 mi	-	3	Flat
£2,100	07/25	0.16 mi	Homerton High Street, Homerton E9	3	Flat
£2,000	07/25	0.18 mi	Glyn Road, Hackney	3	Flat
£2,000	08/25	0.18 mi	Glyn Road, Hackney	3	Flat
£3,600	05/24	0.18 mi	-	3	Flat
£2,600	02/24	0.19 mi	-	3	House
£2,450	10/23	0.19 mi	Glyn Road, Clapton, London	3	Detached House
£2,300	05/25	0.2 mi	-	3	Terraced House
£4,300	09/25	0.21 mi	Roding Road, Clapton, London, E5	3	Terraced House
£4,300	09/25	0.21 mi	Roding Road, Clapton, London, E5	3	Terraced House
£4,300	10/25	0.21 mi	Roding Road, Clapton, London, E5	3	Terraced House
£4,300	10/25	0.21 mi	Roding Road, Clapton, London, E5	3	Terraced House
£2,400	03/24	0.21 mi	Churchill Walk, Homerton, Hackney, London, E9	3	Flat
£2,750	07/25	0.22 mi	Homerton High Street, Hackney E9	3	Flat
£4,300	10/25	0.22 mi	Roding Road, London	3	Terraced House
£4,300	11/25	0.22 mi	Roding Road, Hackney	3	House
£3,400	03/24	0.22 mi	-	3	Terraced House
£3,400	03/24	0.22 mi	Roding Road, London, E5	3	Terraced House
£2,500	03/24	0.22 mi	Burnett Close, Hackney, E9	3	Flat
£2,500	03/24	0.23 mi	Roding Road, Clapton, London, E5	3	Flat
£2,900	09/25	0.23 mi	Morning Lane, Homerton E9	3	Flat
£2,900	07/25	0.23 mi	Clifden Road, Lower Clapton, E5	3	Semi-Detached House
£2,900	06/25	0.24 mi	-	3	Terraced House
£2,750	04/24	0.24 mi	-	3	Flat
£2,750	03/24	0.24 mi	Musgrove House, London, E9	3	Flat
£2,750	03/24	0.24 mi	Musgrove House, London, E9	3	Flat
£2,595	11/25	0.25 mi	-	3	Flat
£2,695	06/25	0.25 mi	-	3	Flat
£4,500	09/25	0.26 mi	Ashenden Road, Hackney	3	Terraced House
£2,900	10/25	0.26 mi	Waterloo Close, Homerton, E9	3	Terraced House
£2,400	05/25	0.26 mi	-	3	Flat
£3,000	09/25	0.26 mi	Lower Clapton, Hackney	3	Flat
£2,700	07/25	0.27 mi	Anderson Road, Hackney, London, E9	3	Flat
£4,750	06/25	0.27 mi	Thyme Walk, Dunlace Road, Clapton, Hackney, E5	3	Terraced House
£3,550	11/25	0.27 mi	-	3	Flat
£3,500	11/25	0.27 mi	Dunlace Road, London, E5	3	Flat

Local Area Statistics

Population in E9	38,05438,054
Population in London	4,771,9214,771,921
Town centre distance	3.02 miles away3.02 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.15 miles away0.15 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+7%+7%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+9%+9%

Property History

Listed for £450,000

February 7, 2025

Floor Plans

Description

Arranged on the Third Floor +
Three Bedrooms +
Spacious Living Room and Dining Room +
Potential for Modernisation +
Convenient Location +
Homerton Station Near By +
Chain Free +

Castles Hackney are please to bring to market this spacious three-bedroom flat, offering a generous layout and excellent potential for modernisation. The property features a large living room, two well-proportioned double bedrooms, and a sizeable single bedroom, making it an ideal home for first-time buyers and families alike. With its bright and airy feel, this flat provides a fantastic opportunity to create a stylish and comfortable living space in a highly desirable location. Being offered on a chain free basis. Situated in the heart of Homerton, the property benefits from excellent transport links and a wealth of local amenities. Homerton Overground Station is just a short walk away, offering quick connections to Stratford, Highbury & Islington, and beyond. Well Street and Mare Street are both within easy reach, providing a vibrant selection of shops, cafés, restaurants, and bars. The area is well-served by bus routes into the city and offers direct links to Stratford Westfield for shopping and entertainment. For those who enjoy outdoor spaces, Victoria Park and Hackney Marshes are both nearby, offering beautiful green spaces perfect for relaxation and recreation.

Agent Details

Castles Estate Agents, Hackney

020 3889 1491

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

2 Bed Flat, Refurb/BRRR, London, E9 6RS

£400,000

3 views • 2 months ago • 68 m²

Sold STC

3 Bed House, Refurb/BRRR, London, E5 0HX

£550,000

6 views • 5 months ago • 93 m²

Sold STC

3 Bed Flat, Refurb/BRRR, London, E5 0NA

£450,000

7 months ago • 76 m²

4 Bed House, Refurb/BRRR, London, E5 0PN

£1,000,000

2 views • 3 months ago • 52 m²

3 Bed Flat, Refurb/BRRR, London, E9 6BT £450,000

ValuationFair Value

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

Similar Properties

2 Bed Flat, Refurb/BRRR, London, E9 6RS

3 Bed House, Refurb/BRRR, London, E5 0HX

3 Bed Flat, Refurb/BRRR, London, E5 0NA

4 Bed House, Refurb/BRRR, London, E5 0PN

Investment Opportunity

Local Sold Prices

Local Rents