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Goodmayes Lane, Ilford

Unknown Region

£950,000
Listed on 16/09/2025

Property Details

Bedrooms
6
Type
Detached house

Description

This spacious detached six-bedroom chalet bungalow presents a unique opportunity for renovation and investment. The property is positioned conveniently near Goodmayes, Seven Kings, and Barking Stations, making it an appealing choice for commuters. Additionally, the surrounding area boasts schools, parks, and various local amenities that enhance the property's attractiveness. The layout of the home includes substantial living areas, such as a large reception room and an expansive kitchen/diner, ideal for both family living and entertaining. A utility room and separate dining space add to the functionality of the ground floor. Notably, the property also features a conservatory that opens to a manageable rear garden with a log cabin, which can serve multiple purposes. On the ground floor, you will find two bedrooms (one with an en suite) along with a family bathroom and an adaptable office/family room that could easily be transformed into an additional bedroom if needed. The first floor accommodates three more double bedrooms and another family bathroom, providing ample space for larger families or potential rental opportunities. With off-street parking available and significant potential for further expansion—subject to planning permission—this chalet bungalow is well-suited for those looking to invest in a property where they can create value through updates or redesigns. Given its generous size and strategic location, this home is worth considering for anyone looking to maximize their investment in the current real estate market.

Investment Analysis

(IG3 area)
Area Average
£452/sq ft
Avg Rent (weekly)
£413
Avg Yield
3.8%

Renovation Potential

Est. Renovation Cost
£95,000 - £237,500
10-25% of property value
Monthly Sales
19
Average per month
Market Turnover
69%
Properties sold annually

Local Market Trend (IG3)

Area prices are rising by +5.5% over the last 12 months
3 year growth: 5.6%
5 year growth: 21.1%
Investment Disclaimer: Analysis based on IG3 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

Goodmayes Lane, Ilford
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