Summary - Top Floor Flat, 53 Hackney Road E2 7NX
2 bed 2 bath Commercial Property
Immediate rental income with refurbishment potential near Hoxton and Old Street.
- Freehold mixed‑use building, c.1,166 sq ft total area
- Ground floor commercial income c.£19,000 per annum
- Two self‑contained studios, currently producing c.£12,200 pa combined
- Short walk to Hoxton and Old Street stations, strong transport links
- No private garden or outdoor amenity; compact urban footprint
- Electric room heaters; solid brick walls likely uninsulated
- EPCs currently D with potential improvement after works
- Local area: very high crime and above average deprivation
A compact mixed‑use freehold on Hackney Road offering immediate rental income and clear upside for an investor. The building extends to c.1,166 sq ft and comprises a ground‑floor commercial unit currently producing around £19,000 pa, plus two self‑contained studio flats generating combined current rents of about £12,200 pa. Total documented rental income stands at c.£31,200 pa with scope to increase after refurbishment or lease reviews.
The property is well placed for passenger catchment, a short walk from Hoxton and Old Street stations and surrounded by high footfall retail, bars and restaurants. The mid‑terrace Victorian façade and double glazing provide street appeal, while the compact studios suit lettings to single professionals or short‑term tenancies. On‑street parking and loading support the ground‑floor commercial use.
Buyers should note the building’s urban constraints: no private outdoor amenity, a small plot and narrow/deep layouts typical of terrace high‑street stock. Heating is electric room heaters, walls are likely uninsulated solid brick and current EPCs are in the D band with room to improve. The local area shows very high crime and higher deprivation scores, which may affect tenant mix and occupier risk.
This is a straightforward income asset for investors seeking immediate cashflow and modest refurbishment-led value. It also suits an owner‑occupier who can manage the retail tenancy while upgrading the upper flats to improve yields and EPC performance. Full refurbishment or reconfiguration would unlock greater rental or capital upside but will require investment and planning consideration given the building’s age and footprint.
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