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Little Ilford Lane, London

London

£160,000
Listed on 24/02/2026

Property Details

Bedrooms
2
Type
Flat
Area
495 sqft

Description

This two-bedroom ground floor flat offers a significant opportunity for cash buyers looking to undertake a renovation project in a well-connected area of East London. The property is in need of modernization throughout, creating potential for increasing both rental yields and overall market value. With an estimated post-renovation rental income of around £1,900 per month, this flat could prove to be a lucrative investment. The layout includes two bedrooms, a living room, kitchen, and bathroom, complemented by permit holder street parking for residents. Located on Little Ilford Lane, this flat benefits from proximity to Manor Park Station (Elizabeth Line), providing swift links to key destinations such as Stratford and Central London—making it appealing to commuters and enhancing tenant demand. With roughly 48 years left on the lease and an estimated lease extension cost of about £40,000, this property presents an attractive option for those looking to invest in a location with promising capital growth and income generation prospects.

Investment Analysis

(E12 area)

Below Market Value

This property is priced -32.0% below area average per sq ft

-32.0%
Potential saving
This Property
£323/sq ft
Area Average
£475/sq ft
Avg Rent (weekly)
£521
Avg Yield
6.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£258,801
10% above area average per sq ft
Potential ROI
+29.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (E12)

Area prices are rising by +9.3% over the last 12 months
3 year growth: +12.7%
5 year growth: +21.5%
Investment Disclaimer: Analysis based on E12 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

Little Ilford Lane, London
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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
£577
Based on a loan of £120,000 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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