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Perrymans Farm Road, Ilford, IG2

London

£275,000
Listed on 04/03/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
631 sqft

Description

This top-floor maisonette in the vibrant Newbury Park area presents a unique renovation opportunity for those looking to invest or create a customized living space. With its generous layout and approximately 125 years remaining on the lease, this property is primed for full refurbishment, allowing potential buyers to reconfigure and modernize it to their preferences. One of the standout features is the large private garden, an infrequent asset for maisonettes, offering fantastic potential for cultivating outdoor space that enhances both lifestyle and value. Located within walking distance to Newbury Park Central Line Station, commuting into Central London is effortless, making this property even more appealing. The proximity to local shops, schools, and amenities further strengthens its investment appeal. This is an ideal chance for first-time buyers or seasoned investors seeking a project with significant upside.

Investment Analysis

(IG2 area)

Below Market Value

This property is priced -7.2% below area average per sq ft

-7.2%
Potential saving
This Property
£436/sq ft
Area Average
£470/sq ft
Avg Rent (weekly)
£459
Avg Yield
5.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£326,088
10% above area average per sq ft
Potential ROI
+0.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (IG2)

Area prices are falling by -5.8% over the last 12 months
3 year growth: -11.6%
5 year growth: -4.2%
Investment Disclaimer: Analysis based on IG2 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

Perrymans Farm Road, Ilford, IG2
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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
£992
Based on a loan of £206,250 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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