Worst House on the Street Logo
Somersby Gardens, Ilford, IG4 - Image 1
Somersby Gardens, Ilford, IG4 - Image 2
Somersby Gardens, Ilford, IG4 - Image 3
Somersby Gardens, Ilford, IG4 - Image 4
Somersby Gardens, Ilford, IG4 - Image 5
Somersby Gardens, Ilford, IG4 - Image 6
Somersby Gardens, Ilford, IG4 - Image 7
Somersby Gardens, Ilford, IG4 - Image 8
Somersby Gardens, Ilford, IG4 - Image 9
Somersby Gardens, Ilford, IG4 - Image 10
Somersby Gardens, Ilford, IG4 - Image 11

Somersby Gardens, Ilford, IG4

London

£800,000
Listed on 18/02/2024

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1887 sqft

Description

This end-of-terrace house presents a solid investment opportunity with its four bedrooms and flexible layout, ideal for modernization or to suit various living arrangements. The property is double fronted, allowing for ample natural light and a welcoming feel. It features an informal annexe that can accommodate guests or be converted for additional rental income. Set across three floors, the ground level comprises a generous entrance hall, three distinct reception rooms, a kitchen, and a convenient ground-floor WC. This arrangement provides an excellent foundation for reconfiguration if desired. On the first floor, you will find four well-proportioned bedrooms alongside a family bathroom, while the second floor reveals a spacious studio room complete with its own shower room—perfect for creating an independent living space. External appeal includes off-street parking in front and a sizeable rear garden that offers potential for landscaping or extension opportunities, subject to planning permission. Located in close proximity to Redbridge Central Line Station, commuting to central London or other areas is straightforward. Additionally, the property falls within the catchment area for Beale School, enhancing its attractiveness for families. Overall, this versatile home not only meets current needs but also presents significant potential for future development.

Investment Analysis

(IG4 area)

Below Market Value

This property is priced -11.2% below area average per sq ft

-11.2%
Potential saving
This Property
£424/sq ft
Area Average
£478/sq ft

Renovation Potential

Est. Renovation Cost
£80,000 - £200,000
10-25% of property value
Target Value
£991,354
10% above area average per sq ft
Potential ROI
-0.9%
After renovation
Monthly Sales
5
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (IG4)

Area prices are stable by +1.4% over the last 12 months
3 year growth: 2.3%
5 year growth: 20.4%
Investment Disclaimer: Analysis based on IG4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Somersby Gardens, Ilford, IG4
Map showing location of Somersby Gardens, Ilford, IG4
Open Map