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Wards Road, Ilford, IG2

London

£550,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
858 sqft

Description

This three-bedroom semi-detached house in Newbury Park, Ilford, presents a promising renovation opportunity. The property features a spacious through lounge that extends to a south-facing garden measuring approximately 30ft, ideal for future landscaping or outdoor living enhancements. The galley-style kitchen on the ground floor provides a blank canvas for modernisation, along with a convenient WC. Upstairs, you will find three bedrooms, two equipped with built-in wardrobes, and a family bathroom that can be updated to reflect contemporary standards. While the home requires extensive updating throughout, this level of work allows new owners to personalise the space according to their preferences. Additional advantages include off-street parking and side access to the rear garden, alongside a fully boarded loft accessible via a pull-down ladder – perfect for storage or further development potential. Located near local amenities and well-connected transport links, this property is particularly suitable for first-time buyers or investors looking to create value through renovation in a sought-after area.

Investment Analysis

(IG2 area)

Above Market Value

This property is priced +34.2% above area average per sq ft

+34.2%
This Property
£641/sq ft
Area Average
£478/sq ft
Avg Rent (weekly)
£404
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£450,759
10% above area average per sq ft
Potential ROI
-26.1%
After renovation
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

Wards Road, Ilford, 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 £412,500 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