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Melbourne Road, Ilford, IG1

London

£750,000
Listed on 15/11/2025

Property Details

Bedrooms
4
Type
Semi-detached house
Area
1522 sqft

Description

Nestled in the desirable Commonwealth Estate of North Ilford, this spacious end-of-terrace home presents an excellent opportunity for renovation and investment. Boasting four bedrooms, the property offers a versatile layout that is ideal for families or those looking to add value through updates and extensions. The ground floor features three sizable reception rooms, including a welcoming front lounge with an elegant square bay window, a dedicated dining area perfect for family gatherings, and a rear reception room that leads directly into a private garden. The kitchen completes this level, providing a functional space that could benefit from modernization. Upstairs, you will find four well-sized bedrooms along with a family bathroom. Each room has the potential to be reimagined according to personal tastes or needs, making this a prime candidate for renovation. Additional highlights include off-street parking and shared side access, along with significant potential for extension—subject to obtaining planning permission—which could further enhance living space and overall value. This property is conveniently located near Christchurch School, local amenities, and excellent transport links, including proximity to the Ilford Elizabeth Line Station. These features make it appealing not only as a family residence but also as an investment property with promising rental prospects in a growing area.

Investment Analysis

(IG1 area)

Above Market Value

This property is priced +9.9% above area average per sq ft

+9.9%
This Property
£493/sq ft
Area Average
£448/sq ft
Avg Rent (weekly)
£390
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£750,460
10% above area average per sq ft
Potential ROI
-9.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (IG1)

Area prices are rising by +14.6% over the last 12 months
3 year growth: 9.3%
5 year growth: 21.5%
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

Melbourne Road, Ilford, IG1
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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
£2,747
Based on a loan of £562,500 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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