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Monkhams Lane, Woodford Green, London, IG8 - Image 1
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Monkhams Lane, Woodford Green, London, IG8 - Image 3
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Monkhams Lane, Woodford Green, London, IG8

London

£800,000
Listed on 17/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
592 sqft

Description

Nestled within the esteemed Monkhams Estate, this early Victorian family home presents a unique opportunity for renovation and investment. The property features three generously sized double bedrooms and two reception rooms complemented by a welcoming reception hallway. The sizable rear garden offers ample outdoor space, while off-street parking is available for two vehicles. The home retains some original charm with partial double glazing and gas central heating, but it is clear that modernization is needed to fully unlock its potential. For those interested in expanding the living space, there's also the possibility of extending the property, subject to obtaining the necessary planning permissions. Beyond its structural attributes, this residence boasts an enviable location in close proximity to Woodford Broadway's vibrant array of local shops, bars, and restaurants. The Central Line underground station is easily accessible, enhancing its appeal for commuters. Families will appreciate the convenience of nearby educational institutions such as Wells Primary School and Bancroft's Independent School. Additionally, recreational spaces like Knighton Woods are just a stone's throw away, along with easy access to major roadways including the A406 and M11. With properties requiring refurbishment becoming increasingly scarce in this sought-after area, this home represents a promising investment for those looking to create their ideal living space while benefiting from future value appreciation. A viewing is highly recommended for anyone seeking to make their mark on a property with great potential.

Investment Analysis

(IG8 area)

Above Market Value

This property is priced +145.7% above area average per sq ft

+145.7%
This Property
£1,351/sq ft
Area Average
£550/sq ft
Avg Rent (weekly)
£473
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£358,160
10% above area average per sq ft
Potential ROI
-60.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (IG8)

Area prices are rising by +6.2% over the last 12 months
3 year growth: 4.6%
5 year growth: 14.7%
Investment Disclaimer: Analysis based on IG8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Monkhams Lane, Woodford Green, London, IG8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,931
Based on a loan of £600,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE