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Eastern Avenue, Ilford, London, IG2 - Image 1
Eastern Avenue, Ilford, London, IG2 - Image 2
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Eastern Avenue, Ilford, London, IG2 - Image 4
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Eastern Avenue, Ilford, London, IG2

London

£549,950
Listed on 04/11/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This mid-terraced, freehold three-bedroom house presents an appealing opportunity for those looking to invest in a property with considerable renovation potential. Conveniently located within walking distance of both Newbury Park and Barkingside underground stations, the home offers easy access to public transport, enhancing its desirability for future tenants or buyers. Inside, the layout features two spacious reception rooms that provide ample space for living and entertaining. The fitted kitchen is functional as it stands but could benefit from modernization, allowing for personal touches that align with contemporary design preferences. The three bedrooms are generously sized, providing flexibility for families or professionals seeking room for a home office or guest space. The upstairs family bathroom includes a separate WC, which is practical for busy households. One of the standout features of this property is the large rear garden. This outdoor space not only offers a pleasant area for relaxation but also presents significant potential for extension—subject to planning permission—making it an excellent option for those looking to increase living space and overall value. Additionally, off-street parking adds convenience in this urban setting. With its advantageous location and scope for improvement, this property represents an exciting investment opportunity in a sought-after area.

Investment Analysis

(IG2 area)
Area Average
£478/sq ft
Avg Rent (weekly)
£404
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
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

Eastern Avenue, Ilford, London, 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
£2,015
Based on a loan of £412,462 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