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Wanstead Park Road, Ilford, IG1

London

£525,000
Listed on 14/04/2026

Property Details

Bedrooms
4
Type
Terraced
Area
1437 sqft

Description

This four-bedroom terraced home in North Ilford is a promising candidate for renovation enthusiasts or investors looking to enhance their property portfolio. The ground floor features two distinct reception areas; the front room boasts generous windows and a charming fireplace, while the rear reception room connects directly to a south-west facing garden, approximately 48 feet in length, which offers potential for outdoor improvements. A functional layout is complemented by a kitchen that also opens onto the garden, ideal for modern living. Original features throughout lend character to the space, but overall, the property is in need of modernisation. The upper level includes four bedrooms and a family bathroom, providing ample accommodation with opportunities to reconfigure for enhanced functionality. The house’s potential extends beyond mere refurbishment; there may also be possibilities for extension (subject to local planning approvals). Situated conveniently near local shops, schools, and green spaces like Valentines Park and Wanstead Park, this property benefits from excellent transport links via Ilford station, offering quick access to central London. With no onward chain, this house represents an attractive opportunity for first-time buyers or investors aiming to create value through improvement.

Investment Analysis

(IG1 area)

Below Market Value

This property is priced -18.5% below area average per sq ft

-18.5%
Potential saving
This Property
£365/sq ft
Area Average
£449/sq ft
Avg Rent (weekly)
£382
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£709,023
10% above area average per sq ft
Potential ROI
+23.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (IG1)

Area prices are rising by +5.5% over the last 12 months
3 year growth: +3.6%
5 year growth: +14.3%
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

Wanstead Park Road, Ilford, IG1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,859
Based on a loan of £393,750 over 30 years at 3.91% 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.

Stamp Duty Calculator

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