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Ranelagh Gardens, Ilford

London

£700,000
Listed on 12/03/2026

Property Details

Bedrooms
4
Type
Terraced house
Area
1496 sqft

Description

This four-bedroom period home, located on a desirable road near Valentines Park, presents an appealing opportunity for families seeking a spacious residence with considerable renovation potential. Conveniently positioned close to Gants Hill and Ilford stations, the property boasts large reception rooms and a kitchen/diner that can be transformed into a modern living space. The existing layout allows for flexibility, making it ideal for family life. On the first floor, you will find four well-proportioned bedrooms alongside a family bathroom, with ample scope for a loft conversion to add more bedrooms and bathrooms, mirroring the alterations made by neighboring properties. There is also access to a sizable roof terrace overlooking the rear garden, along with potential for extending the ground floor to create an expansive open-plan area (subject to planning). Although the property's condition is fair and may require modernisation, it offers ample opportunity for homeowners to inject their personal style gradually. Externally, enjoy off-street parking and a generous 50ft rear garden, which adds further appeal. This chain-free property is ready for its next chapter with new owners keen on revitalising its character.

Investment Analysis

(IG1 area)

Above Market Value

This property is priced +4.5% above area average per sq ft

+4.5%
This Property
£468/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
£736,653
10% above area average per sq ft
Potential ROI
-3.1%
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

Ranelagh Gardens, 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
£2,525
Based on a loan of £525,000 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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