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Grange Road, Ilford

London

£450,000
Listed on 04/03/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
861 sqft

Description

This three-bedroom terraced house presents a blank canvas for those eager to customize their living space. Offered with no onward chain, the property is in need of thorough modernisation, making it an ideal prospect for buyers looking to maximise its potential value. The first floor features three spacious bedrooms alongside a loft space that holds excellent conversion possibilities, as demonstrated by similar homes in the vicinity, pending planning approvals. On the ground floor, you’ll find two reception rooms, a kitchen, and a ground floor bathroom complemented by a lean-to that opens up options for layout redesign. The generous rear garden, measuring approximately 80 feet in length, not only provides ample outdoor space but also offers substantial potential for extending the property at the back—mirroring alterations made by neighbouring homes (again, subject to necessary permissions). The front garden could also be transformed into off-street parking with council consent. Conveniently located near Ilford Lane’s amenities and well-regarded schools, this home is just a short distance from South Park and Ilford Station on the Elizabeth Line, ensuring easy access to Central London and beyond. Being part of a probate sale adds an element of rarity to this opportunity; securing this property allows you to design your ideal home in a sought-after area.

Investment Analysis

(IG1 area)

Above Market Value

This property is priced +16.8% above area average per sq ft

+16.8%
This Property
£523/sq ft
Area Average
£448/sq ft
Avg Rent (weekly)
£386
Avg Yield
4.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£423,969
10% above area average per sq ft
Potential ROI
-21.5%
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 +8.6% over the last 12 months
3 year growth: +4.0%
5 year growth: +15.9%
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

Grange Road, Ilford
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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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