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Roman Road, Ilford

London

£425,000
Listed on 11/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
893 sqft

Description

This mid-terraced three-bedroom property is an ideal project for those looking to invest in a full renovation. The layout features three bedrooms and a bathroom on the first floor, alongside a separate WC, providing a solid basis for modern updates. The ground floor consists of a lounge, dining room, and kitchen with direct access to the rear garden, presenting opportunities for reconfiguration. Additionally, there is potential for extension, subject to obtaining the necessary planning permissions. Sold with no onward chain, this property streamlines the buying process while offering considerable value-add through refurbishment. Its location is particularly appealing as it is within walking distance of Barking and Ilford Stations, making it suitable for commuters traveling into London. For shopping enthusiasts, Westfield Stratford is just a ten-minute train ride away from Ilford, alongside reputable primary and secondary schools nearby and the diverse amenities of Ilford Town Centre and Ilford Lane just moments away.

Investment Analysis

(IG1 area)

Above Market Value

This property is priced +6.4% above area average per sq ft

+6.4%
This Property
£476/sq ft
Area Average
£447/sq ft
Avg Rent (weekly)
£380
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£439,383
10% above area average per sq ft
Potential ROI
-14.7%
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

Roman 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
£1,557
Based on a loan of £318,750 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