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Coventry Road, Ilford, IG1 - Image 1
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Coventry Road, Ilford, IG1

London

£550,000
Listed on 14/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1111 sqft

Description

This three-bedroom terraced house located within the Commonwealth Estate in Ilford presents a significant opportunity for renovation and investment. The well-structured layout is ideal for families or first-time buyers, while also appealing to investors seeking rental potential. The ground floor features two reception rooms, including a front reception with a charming bay window and a rear reception that opens into the kitchen area, providing direct access to the private garden. This space could be further enhanced with an extension, subject to planning permissions, allowing for greater living space or even a more modern open-plan design. Off-street parking accommodates up to two cars, a valuable asset in this bustling area. On the upper floor, the property comprises two generously-sized double bedrooms, a cozy single bedroom, and a family bathroom. Additionally, there is potential to transform the loft room into a functional living space or office. The location is advantageous, situated near local schools and green areas such as Valentines Park—perfect for families and outdoor enthusiasts alike. With good transport links via Ilford station connecting directly to central London in around 20 minutes and access to the Elizabeth Line as well as local bus routes, this property offers excellent commuter convenience. Overall, this home is ripe for refurbishment ventures that can significantly enhance its value while providing updated comfort for future occupants.

Investment Analysis

(IG1 area)

Above Market Value

This property is priced +10.4% above area average per sq ft

+10.4%
This Property
£495/sq ft
Area Average
£448/sq ft
Avg Rent (weekly)
£390
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£547,806
10% above area average per sq ft
Potential ROI
-8.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Coventry 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
£2,015
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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