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Mortlake Road, Ilford, IG1

London

£450,000
Listed on 25/08/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
947 sqft

Description

This three-bedroom terraced house presents a unique opportunity for those interested in renovation and investment potential. Located just off Ilford Lane, the property benefits from proximity to public transport links, local schools, and various amenities, making it a practical option for families or prospective tenants. The exterior features a classic red brick façade, complemented by both a front garden and a spacious rear garden that extends approximately 62 feet. This outdoor space offers considerable potential for landscaping or gardening projects, ideal for buyers looking to enhance their living environment or create an appealing outdoor area. Inside, the property includes two reception rooms that provide flexible options for living and dining arrangements. The fitted kitchen is functional as it stands but allows ample opportunity for modern updates to suit personal tastes. A conveniently located bathroom can be found on the first floor. While the home requires some modernization, this aspect provides an ideal blank canvas for first-time buyers or investors willing to invest time and resources into renovations. The layout is practical, offering potential for reconfiguration or enhancement that could significantly increase overall value. Given its location and features, this property is well-suited for those looking to make their mark in a vibrant community. Viewing is strongly encouraged to fully appreciate the possibilities that this well-positioned house holds.

Investment Analysis

(IG1 area)

Above Market Value

This property is priced +4.3% above area average per sq ft

+4.3%
This Property
£475/sq ft
Area Average
£455/sq ft
Avg Rent (weekly)
£392
Avg Yield
5.4%

Renovation Potential

Est. Renovation Cost
£45,000 - £112,500
10-25% of property value
Target Value
£474,390
10% above area average per sq ft
Potential ROI
-15.7%
After renovation
Monthly Sales
23
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (IG1)

Area prices are rising by +11.2% over the last 12 months
3 year growth: 9.5%
5 year growth: 32.6%
Investment Disclaimer: Analysis based on IG1 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

Mortlake Road, Ilford, IG1
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