Summary - 96, NISBET HOUSE, HOMERTON HIGH STREET E9 6AN
2 bed 1 bath Flat
Two-bed third-floor flat needing refurbishment, 0.3 miles from Homerton Station..
Two double bedrooms with good natural light and practical layout
Third-floor flat in mid-20th-century brick block, communal entrance
Approx 591 sq ft; overall accommodation is compact
Requires modernisation: dated bathroom, worn finishes and redecoration
Lease c.90 years remaining — consider future extension costs
Currently tenanted; suitable for buy-to-let with immediate income potential
0.3 miles to Homerton Station; strong local transport and amenities
Wider area: very high crime and very deprived — affects lettings/resale
This third-floor two-bedroom flat in Homerton High Street offers a straightforward buy-to-let or refurbishment opportunity close to Homerton Station (0.3 miles). The flat benefits from generous natural light, double bedrooms and a practical layout across approximately 591 sq ft, making it suitable for keeping as an in-situ tenancy or updating to increase rental value.
The property requires modernisation throughout: cosmetic wear, dated bathroom tiling, patchy paintwork and general refurbishment are all evident. The lease has c.90 years remaining — long enough to secure mortgage offers but worth noting for future lease-extension cost planning. EPC is awaiting assessment.
Location is a core strength: fast broadband and excellent mobile signal, a wide range of local amenities and several well-rated primary and secondary schools nearby. Transport links are strong with Homerton Station within easy walking distance, supporting rental demand from commuters and local service workers.
Important negatives you should factor in: the wider area records very high crime and very high deprivation, which can affect tenant profiles, resale prospects and insurance costs. The block shows typical mid-20th-century communal access and there is no private outdoor space. Buyers seeking a turnkey home will need to budget for refurbishment; investors can consider immediate rental income if retaining current tenants.
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