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Griggs Close, Ilford, IG3

London

£400,000
Listed on 21/01/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
801 sqft

Description

This freehold two-bedroom house is situated in a peaceful cul-de-sac within a secure gated development in the Seven Kings area. The ground floor presents a spacious living and dining area that benefits from a skylight, allowing ample natural light to brighten the space. The layout includes an open-plan kitchen slightly set back, complemented by a convenient ground floor W/C and additional storage areas. Upstairs, the property features two generous double bedrooms alongside a modern bathroom, with the opportunity to convert the loft into a third bedroom (subject to planning permission), enhancing its value. The west-facing private patio garden requires minimal upkeep and includes a storage shed, making it an ideal outdoor space. An allocated parking spot is conveniently located right outside the house. Located near Ilford Lane's amenities, this property boasts excellent transport links with Seven Kings Station (Elizabeth Line) and Barking Station for quick access to Central London and beyond. Families will benefit from nearby respected schools, including Seven Kings Primary and High School as well as Isaac Newton Academy. Additionally, residents have easy access to green spaces like South Park and Seven Kings Park for leisure activities. This property is offered chain-free, making it an appealing option for first-time buyers or investors seeking renovation potential in this well-connected East London locale.

Investment Analysis

(IG3 area)

Above Market Value

This property is priced +9.5% above area average per sq ft

+9.5%
This Property
£499/sq ft
Area Average
£456/sq ft
Avg Rent (weekly)
£414
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£401,826
10% above area average per sq ft
Potential ROI
-7.6%
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
22%
Properties sold annually

Local Market Trend (IG3)

Area prices are rising by +9.6% over the last 12 months
3 year growth: +3.6%
5 year growth: +15.9%
Investment Disclaimer: Analysis based on IG3 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

Griggs Close, Ilford, IG3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,443
Based on a loan of £300,000 over 30 years at 4.06% 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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