Reduced
18 photos · FloorplanFor saleReduced 12 Oct 2026
£475,000
Downs Road, Clapton, E5 8DE
1bedroom
1bathroom
Flattype
Leaseholdtenure
Listed 29 Jun 2026 · price reduced 12 Oct 2026 · Hackney
How the price compares
This home£475,000
Median 1 bed in E5£365k30 homes listed · £804 per sq ft
Difference+30%above the area median
Key features
- Eighth Floor
- One Double Bedroom
- Chain Free
- Open Plan
- Concierge
- City and Park Views
About this home
This well-presented one bedroom home sits on the eighth floor of the RIBA award-winning Otto Building. The open plan kitchen and living space has floor-to-ceiling windows and doors opening onto a private balcony with uninterrupted views across Hackney Downs Park. The kitchen has been upgraded with premium finishes, making it unlike any other in the building, and the bedroom is spacious with built-in storage. The flat feels bright and expansive thanks to its elevated position. Residents have access to a concierge, fitness room, communal roof terrace and secure bike storage.
The Otto Building is ideally located on Hackney Downs Park offering many opportunities for outdoor recreation including tennis. Rectory Road, Clapton, Hackney Downs and Hackney Central Overground stations are all half a mile away providing numerous transport links across London. The many shops, cafés and restaurants on Kingsland Road, Mare Street and Chatsworth Road are also within walking distance.
Tenure: Leasehold Lease Years Remaining: 992 Service Charge: £4,400 Annual Ground Rent: £275 Council Tax Band: C
Property details
- Property type
- Flat
- Council tax band
- C
- Tenure
- Leasehold
- Lease remaining
- 992 years left
- Ground rent
- £275 per year (Ask agent about the review period)
- Service charge
- £4,400 per year
Floorplan
Location
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1 on this map
- Rectory Road Station0.4 mi
- Clapton Station0.4 mi
- Hackney Downs Station0.5 mi
What nearby homes sold for
Median sold prices in E5 over the last 12 months: flat £485k · terraced £1.26m · semi-detached £1.06m.
| Address | Type | Sold | Price |
|---|---|---|---|
| Apartment 02.09, Otto Building, Downs Road London E5 8DE | Flat Leasehold | 15 Jun 2026 | £645,000 |
| Apartment 11.01, Otto Building, Downs Road London E5 8DE | Flat Leasehold | 11 Jun 2026 | £475,000 |
| Apartment 7, Otto Building, Downs Road London E5 8DE | Flat Leasehold | 24 Apr 2026 | £1,260,000 |
| Apartment 03.09, Otto Building, Downs Road London E5 8DE | Flat Leasehold | 24 Apr 2026 | £650,000 |
| Flat 4, 1, Downs Road London E5 8QJ | Flat Leasehold | 27 Feb 2026 | £460,000 |
| 95c, Downs Road London E5 8DS | Flat Leasehold | 17 Dec 2025 | £340,000 |
| 95d, Downs Road London E5 8DS | Flat Leasehold | 17 Dec 2025 | £340,000 |
| 95a, Downs Road London E5 8DS | Flat Leasehold | 17 Dec 2025 | £340,000 |
| Upper Floor Flat, 14, Downs Road London E5 8DD | Flat Leasehold | 4 Dec 2025 | £695,000 |
| 81e, Downs Road London E5 8DS | Flat Leasehold | 7 Nov 2025 | £320,000 |
Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in E5
Buying costs
Monthly repayment£2,376£47,500 deposit · £427,500 loan
Stamp Duty£13,750England rates
Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.
Listed by Dexters, Hackney Central on Rightmove (original listing). First listed 29 Jun 2026; details checked 7 Nov 2026. Latest change: reduced on 12/10/2026.
Agent disclaimer
Disclaimer - Property reference 34774524. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dexters, Hackney Central. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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