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Cowley Road, Ilford

London

£650,000
Listed on 22/10/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
1554 sqft

Description

This four-bedroom family home presents a unique opportunity for renovation and investment in a well-regarded area just off Cranbrook Road in North Ilford. Offering a generous layout across two floors, the property is currently configured with ample living space, making it ideal for those looking to customize their future residence. On the first floor, you will find a spacious landing that not only connects the four bedrooms and a shower room but also holds potential for conversion into additional living space, subject to necessary planning approvals. The ground floor adds considerable versatility with two large reception rooms, a fifth bedroom for guests or office use, and another shower room. The separate kitchen and lean-to/utility area provide practical options for everyday living while giving buyers the chance to modernize according to their tastes. The exterior of the property includes an approximately 40-foot rear garden, offering ample space for outdoor activities or entertaining. A timber outbuilding at the back can serve as extra storage or be transformed into a dedicated hobby area. Additionally, there is off-street parking available at the front of the house. Located conveniently near open green spaces like Valentines Park, this home is within reach of both Ilford and Gants Hill Stations, enhancing its appeal for families commuting into London. The property is also surrounded by reputable primary and secondary schools, making it suitable for families looking to establish roots in an area known for its community feel. With some cosmetic updates needed, this home represents an excellent canvas for buyers ready to invest time and effort into creating their ideal space while benefiting from its prime location and growth potential in a thriving neighborhood.

Investment Analysis

(IG1 area)

Below Market Value

This property is priced -6.5% below area average per sq ft

-6.5%
Potential saving
This Property
£418/sq ft
Area Average
£447/sq ft
Avg Rent (weekly)
£380
Avg Yield
4.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£764,615
10% above area average per sq ft
Potential ROI
+10.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (IG1)

Area prices are rising by +14.5% over the last 12 months
3 year growth: 7.5%
5 year growth: 22.7%
Investment Disclaimer: Analysis based on IG1 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

Cowley Road, 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
£2,381
Based on a loan of £487,500 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