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Parham Drive, Ilford, Essex, IG2

London

£550,000
Listed on 15/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1088 sqft

Description

This three-bedroom family home presents a significant opportunity for those looking to invest in a property that can be tailored to individual preferences. With off-street parking and a garage at the rear, this residence is situated within a well-established community where renovation potential abounds. The expansive ground floor layout features a sunny lounge and a separate dining area with direct access to the rear garden, ideal for both casual living and social gatherings. The kitchen, while functional, offers ample scope for modernization or reconfiguration to maximize its utility. The generously sized rear garden adds further appeal and potential for landscaping or extension, subject to planning permissions. On the upper level, you'll find three comfortable bedrooms alongside a family bathroom, making it suitable for growing families. Proximity to local amenities, reputable schools, and excellent transport links including Gants Hill Underground Station (Central Line) and Ilford Station (Elizabeth Line), enhances its appeal for commuters and families alike. This property stands as an excellent investment prospect for those willing to embrace renovation possibilities in a desirable area.

Investment Analysis

(IG2 area)

Above Market Value

This property is priced +7.6% above area average per sq ft

+7.6%
This Property
£506/sq ft
Area Average
£470/sq ft
Avg Rent (weekly)
£406
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£562,197
10% above area average per sq ft
Potential ROI
-4.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (IG2)

Area prices are falling by -4.8% over the last 12 months
3 year growth: -7.9%
5 year growth: -3.5%
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

Parham Drive, Ilford, Essex, IG2
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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
£1,948
Based on a loan of £412,500 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.

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