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Express Drive, Ilford, IG3 - Image 1

Express Drive, Ilford, IG3

London

£200,000
Listed on 21/01/2026

Property Details

Bedrooms
1
Type
Flat
Area
506 sqft

Description

This one-bedroom first-floor flat, situated within a purpose-built development, presents a promising opportunity for those looking to invest in a property with significant renovation potential. The layout is practical and designed to enhance both space and natural light. Upon entering the flat, you are greeted by a spacious hallway that leads into a generous reception area, perfect for creating distinct living and dining zones. The adjoining kitchen, while functional, offers ample room that can be reimagined into a modern culinary space ideal for cooking and entertaining. The double bedroom is well-sized and features large windows that allow for an abundance of light throughout the day. The bathroom currently includes a three-piece suite but holds great potential for refurbishment to meet contemporary design preferences. Additional built-in storage solutions contribute to the overall practicality of the flat. For those with vehicles, allocated parking provides added convenience. Located near Goodmayes Station on the Elizabeth Line, this property is advantageous for commuters seeking quick access to central London and other destinations. Local amenities such as shops, cafes, and supermarkets are easily accessible, making daily errands manageable and convenient. Offered with no onward chain, this property is well-suited for investors or first-time buyers aiming to craft their ideal living space. With its prime location and scope for modernization, this flat is an excellent canvas awaiting your creative touch.

Investment Analysis

(IG3 area)

Below Market Value

This property is priced -13.3% below area average per sq ft

-13.3%
Potential saving
This Property
£395/sq ft
Area Average
£456/sq ft
Avg Rent (weekly)
£414
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£253,837
10% above area average per sq ft
Potential ROI
+10.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (IG3)

Area prices are rising by +9.6% over the last 12 months
3 year growth: +3.6%
5 year growth: +15.9%
Investment Disclaimer: Analysis based on IG3 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

Express Drive, Ilford, IG3
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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
£721
Based on a loan of £150,000 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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