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Express Drive, Ilford, IG3 - Image 1

Express Drive, Ilford, IG3

London

£180,000
Listed on 31/03/2026

Property Details

Bedrooms
1
Type
Flat
Area
506 sqft

Description

This spacious one-bedroom flat on the first floor offers a promising investment opportunity, particularly for cash buyers due to its current lease length of approximately 78 years. Nestled within a purpose-built block, the property features a layout designed to maximize both space and natural light. The entrance hallway leads into a generous reception area, ideal for accommodating living and dining furniture. The kitchen, while functional, presents significant potential for transformation into a modern culinary space suitable for entertaining. The sizeable bedroom benefits from ample natural light through its large window, creating an inviting atmosphere. The bathroom includes a classic three-piece suite that can be updated to reflect contemporary design preferences. Additional built-in storage enhances the practicality of the flat. Residents enjoy allocated parking, adding convenience for vehicle owners. Located conveniently near Goodmayes Station (Elizabeth Line), the flat ensures easy access to central London and surrounding areas—ideal for commuters or anyone needing city access. Local amenities such as shops, supermarkets, and cafes are easily reachable, contributing further to the property's appeal. Offered with no onward chain, this flat is perfect for first-time buyers or investors looking to capitalize on its renovation potential. With its advantageous location and possibilities for modernization, this property is well-positioned to become a stylish home tailored to individual tastes.

Investment Analysis

(IG3 area)

Below Market Value

This property is priced -22.0% below area average per sq ft

-22.0%
Potential saving
This Property
£356/sq ft
Area Average
£456/sq ft
Avg Rent (weekly)
£419
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £25,000
Target Value
£253,754
10% above area average per sq ft
Potential ROI
+23.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (IG3)

Area prices are rising by +10.2% over the last 12 months
3 year growth: +5.8%
5 year growth: +15.7%
Investment Disclaimer: Analysis based on IG3 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

Express Drive, Ilford, IG3
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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
£649
Based on a loan of £135,000 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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