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Monkhams Drive, Woodford Green, IG8 - Image 1
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Monkhams Drive, Woodford Green, IG8

London

£2,000,000
Listed on 17/01/2026

Property Details

Bedrooms
5
Type
Detached house
Area
4044 sqft

Description

This impressive family home, set within the prestigious Monkhams Estate, offers a unique investment opportunity for those looking to create a tailored living space. With a rich history of over fifty years under the same ownership, this property boasts substantial potential for renovation and extension, pending necessary permissions. Spanning approximately 4024 square feet, it features a welcoming entrance hall leading to ample reception areas including a sitting room, dining room, and family room alongside a spacious kitchen breakfast area. The layout includes four bedrooms on the first floor with an additional bedroom and study on the second floor, along with a useful kitchenette and family bathroom. Externally, the property benefits from off-street parking and access to a double garage situated on a corner plot that approaches a quarter of an acre. The garden presents an inviting space with lawned areas, raised patio sections, and additional structures such as a greenhouse and summer house. Located merely 0.2 miles from Woodford Central Line station and local shops that cater to everyday needs, this residence combines suburban tranquility with accessibility to Central London. This home represents an excellent canvas for prospective buyers keen on modernization or expansion.

Investment Analysis

(IG8 area)

Below Market Value

This property is priced -9.6% below area average per sq ft

-9.6%
Potential saving
This Property
£495/sq ft
Area Average
£547/sq ft
Avg Rent (weekly)
£503
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£120,000 - £180,000
Target Value
£2,432,608
10% above area average per sq ft
Potential ROI
+11.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
51%
Properties sold annually

Local Market Trend (IG8)

Area prices are rising by +8.8% over the last 12 months
3 year growth: +7.7%
5 year growth: +14.8%
Investment Disclaimer: Analysis based on IG8 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

Monkhams Drive, Woodford Green, IG8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£7,213
Based on a loan of £1,500,000 over 30 years at 4.06% 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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