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South Park Terrace, Ilford, IG1

London

£550,000
Listed on 11/03/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1032 sqft

Description

This charming three-bedroom semi-detached home, built in the 1930s, presents an intriguing opportunity for buyers with a vision. Nestled near the scenic South Park and conveniently positioned off South Park Road, this property is ideally located within reach of local amenities, reputable schools, and efficient transport links—perfect for those who prioritize both community and convenience. The house greets you with a spacious entrance hall that leads into a bright and airy reception room, ideal for both relaxation and entertainment. The kitchen offers generous storage options and workspace, essential for any modern family. Upstairs, you'll find three well-proportioned bedrooms that provide ample living space, complemented by a family shower room equipped with contemporary fittings. While the property is currently functional and comfortable, there is significant scope to enhance it further—particularly with the potential to extend (subject to planning permission), allowing new owners to customize their living space according to personal taste and requirements. Additional features include a private driveway and garage for secure parking and extra storage, alongside side access to the rear garden. This house not only boasts practical elements but also retains original character that can be preserved or enhanced during renovations. For families or investors looking to add value through thoughtful updates or extensions in this desirable area of London, this property offers an exciting blank canvas ready for future developments.

Investment Analysis

(IG1 area)

Above Market Value

This property is priced +19.1% above area average per sq ft

+19.1%
This Property
£533/sq ft
Area Average
£448/sq ft
Avg Rent (weekly)
£386
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£508,172
10% above area average per sq ft
Potential ROI
-16.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

South Park Terrace, Ilford, IG1
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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
£1,984
Based on a loan of £412,500 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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