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Derwent Gardens, Ilford

London

£550,000

Listed on 06/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1159 sqft

Description

This three-bedroom house features a spacious layout that provides a solid foundation for renovations and improvements. A notable asset is the garage, which offers generous storage options or could be reimagined into additional living space. The property presents considerable potential for expansion, pending planning approval, making it attractive for those looking to increase value through development. Located within walking distance to local schools, this home is particularly suited for families. Additionally, its close proximity to Redbridge Station and Gants Hill Station on the Central Line ensures convenient transport links for easy commuting or access to the broader London area.

Investment Analysis

(IG4 area)

Above Market Value

This property is priced +2.3% above area average per sq ft

+2.3%
This Property
£475/sq ft
Area Average
£464/sq ft
Avg Rent (weekly)
£402
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£591,490
10% above area average per sq ft
Potential ROI
-1.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
4
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (IG4)

Area prices are falling by -8.6% over the last 12 months
3 year growth: -2.4%
5 year growth: +2.4%
Investment Disclaimer: Analysis based on IG4 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

Derwent Gardens, Ilford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,078
Based on a loan of £412,500 over 30 years at 4.45% 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.

Stamp Duty Calculator

Price History

-4.3% since listed
£550,000£25,000(-4.3%)
06/06/2026
Current price
£575,000Initial listing
14/01/2026

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