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Otley Drive, Ilford

London

£575,000
Listed on 25/07/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
964 sqft

Description

This three-bedroom end-of-terrace home, situated on a generous corner plot, presents a noteworthy opportunity for both families and investors. The property is characterized by its well-proportioned rooms and expandable outdoor space, making it ripe for renovation and personalization. Among its features, the home includes off-street parking at the front, providing practical convenience. The side access enhances functionality, while a versatile outer building at the rear opens various possibilities—it could serve as a home office, gym, or additional storage area. The spacious garden not only offers a tranquil retreat but also signifies potential for future extensions or improvements, subject to planning permissions. Located in the sought-after IG2 postcode, this property boasts an advantageous position just a short walk from Newbury Park Station on the Central Line. This accessibility is ideal for commuters heading to key destinations such as Stratford and Liverpool Street. The nearby A12 facilitates quick connections to major roadways including the A406 (North Circular) and M11, further enhancing its appeal for motor vehicle users. Families will find comfort in the proximity of well-regarded educational institutions like Seven Kings School and Valentines High School—both of which hold 'Outstanding' ratings from Ofsted. Other local primary schools are easily accessible as well. In terms of amenities, residents will benefit from close access to shops and services in Newbury Park and nearby Ilford town center. For more expansive shopping experiences, Westfield Stratford is just a short train journey away. Additionally, several parks and green spaces in the vicinity provide recreational options that promote an enjoyable family-oriented lifestyle. With no onward chain complicating matters, this property is primed for a smooth transaction process and offers significant investment potential for those looking to make their mark in this desirable area.

Investment Analysis

(IG2 area)

Above Market Value

This property is priced +24.9% above area average per sq ft

+24.9%
This Property
£596/sq ft
Area Average
£478/sq ft
Avg Rent (weekly)
£404
Avg Yield
4.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£506,447
10% above area average per sq ft
Potential ROI
-16.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (IG2)

Area prices are falling by +4.2% over the last 12 months
3 year growth: -8.4%
5 year growth: 6.1%
Investment Disclaimer: Analysis based on IG2 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

Otley Drive, Ilford
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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
£2,106
Based on a loan of £431,250 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