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Penrith Road, Ilford, Essex , IG6 3DA - Image 1
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Penrith Road, Ilford, Essex , IG6 3DA

London

£450,000
Listed on 02/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1035 sqft

Description

This three-bedroom end of terrace property, located on a tree-lined road in Hainault, presents a promising investment opportunity. With vacant possession, it offers potential for significant enhancement through either a substantial side extension or the development of an additional detached home, subject to obtaining the necessary planning permission. The layout currently features an entrance hall, a reception room, a fitted kitchen, and a conservatory that opens onto a flat garden suitable for families. Upstairs, there are three bedrooms alongside a bathroom. Located within walking distance to Hainault station (Central line) and local amenities including shops, schools, and parks, this property not only provides comfortable living but also the prospect for capital growth through thoughtful renovations.

Investment Analysis

(IG6 area)

Below Market Value

This property is priced -10.4% below area average per sq ft

-10.4%
Potential saving
This Property
£435/sq ft
Area Average
£485/sq ft
Avg Rent (weekly)
£483
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£552,173
10% above area average per sq ft
Potential ROI
+12.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
50%
Properties sold annually

Local Market Trend (IG6)

Area prices are rising by +2.1% over the last 12 months
3 year growth: +4.5%
5 year growth: +13.3%
Investment Disclaimer: Analysis based on IG6 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

Penrith Road, Ilford, Essex , IG6 3DA
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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
£1,623
Based on a loan of £337,500 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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