Summary - Flat 16 Presentation House, 240, Wick Road, LONDON E9 5DR
3 bed 1 bath Flat
Vacant three-bed auction lot with long lease — strong refurbishment potential near Victoria Park..
Third-floor three-bedroom flat with reception, kitchen and one bathroom
New 125-year lease and peppercorn ground rent
Vacant possession — immediate access for renovation
Needs full modernisation throughout; budget for works
To be sold at auction on 01/10/2025; check legal pack
Close to Homerton High Street, Hackney Wick and Victoria Park
Area classed very deprived with above-average crime
One bathroom only; accessibility limited by third-floor location
A three-bedroom third-floor flat in Hackney offered for auction with a newly granted 125-year lease and peppercorn ground rent. The property is vacant, providing an immediate opportunity for refurbishment and re-letting or resale once modernised.
The accommodation comprises three bedrooms, reception room, kitchen and bathroom. It requires full modernisation throughout, so buyers should budget for updating finishes, services and likely cosmetic works. The flat’s position on the third floor brings privacy and light but may limit accessibility and appeal to some buyers.
Location strengths include easy access to Homerton High Street amenities, cafes and transport links (Hackney Wick and Homerton stations), plus green space at Victoria Park and Well Street Common. The area is inner-city cosmopolitan with good local schools nearby, although the neighbourhood has above-average crime and is classed as very deprived, factors to weigh for lettability and resale timing.
This lot will be sold at auction on 01/10/2025; viewings and legal pack review are recommended prior to bidding. The combination of long lease, vacant possession and refurbishment potential will suit experienced investors or buyers comfortable managing renovation and short-term void risk.
3 bedroom flat for sale in Flat 13 Presentation House, 240 Wick Road, Hackney, London, E9 5DR, E9 — £250,000 • 3 bed • 1 bath
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