Summary - BEAUMONT COURT FLAT 1 UPPER CLAPTON ROAD LONDON E5 8BG
1 bed 1 bath Flat
High-yield auction lot with immediate rental income near Clapton transport links.
Let with assured shorthold tenancy producing £1,436.02 pcm (£17,232.24 pa)
Guide price £100,000 — very high gross yield for cash buyers
Lease circa 42 years remaining — likely to restrict mortgage lending
Requires full modernisation; basic electric heating and finishes
Sold at auction with buyer fees and possible additional completion charges
Ground-floor studio in purpose-built block near Clapton Station
EPC rating D; council tax Band A (very cheap)
Area has high crime and is classified as very deprived
This ground-floor studio is offered as an auction investment lot with an existing assured shorthold tenancy producing £1,436.02 pcm (£17,232.24 pa). The guide price of £100,000 delivers a very high gross income yield, making the lot attractive to cash buyers or experienced landlords seeking immediate rental income in Clapton.
The flat requires modernisation throughout: internal finishes, services and heating are basic (electric room heaters) and the building dates from the mid-20th century with solid brick walls likely without insulation. The EPC is D and the accommodation is compact at approximately 313 sq ft, so expect refurbishment and ongoing maintenance costs to bring the flat up to contemporary standards.
There is a material legal and financing risk: the lease has only about 42 years remaining (term from 1979), which will likely prevent many mortgage lenders from lending. The property is being sold at auction and carries buyer fees plus possible additional seller charges set out in the legal pack — factor these into any bid.
Location strengths include proximity to Clapton Station, local shops, Hackney Marshes and Hackney Downs Park, and excellent mobile signal. The area is inner-city and mixed; crime levels are reported high and the wider neighbourhood is classified as very deprived, which can affect capital growth and tenant profiles. This lot is best suited to a cash investor, specialist lease-extension buyer, or a renovator comfortable with auction and tenancy procedures.
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