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Cranley Road, Ilford, IG2

London

£575,000
Listed on 14/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1303 sqft

Description

This three-bedroom mid-terraced home presents a promising opportunity for renovation and investment in a desirable location. Situated within the catchment area of Valentines School, the property benefits from access to excellent educational facilities, making it an attractive choice for families. The layout features a spacious through lounge on the ground floor, providing a versatile living area that could be enhanced with modern updates. The kitchen includes a utility space, which offers potential for reconfiguration or expansion to create an open-plan design. On the first floor, you’ll find three well-proportioned bedrooms alongside a family bathroom. Outdoor space is ample, with a generous 55-foot private rear garden that presents opportunities for landscaping or potential extensions (subject to necessary planning permissions). The front driveway provides convenient off-street parking, adding to the practicality of the home. Location is a significant asset here; both Newbury Park and Gants Hill Central Line tube stations are within easy reach, ensuring good transport links for commuting. Additionally, residents can enjoy nearby Valentines Park, ideal for recreational activities and family outings. This property holds great potential not only as a comfortable residence but also as an investment with scope for upgrades that could enhance its value significantly.

Investment Analysis

(IG2 area)

Below Market Value

This property is priced -7.6% below area average per sq ft

-7.6%
Potential saving
This Property
£441/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
£684,544
10% above area average per sq ft
Potential ROI
+13.1%
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

Cranley Road, Ilford, IG2
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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