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Coventry Road, Ilford, IG1

London

£700,000
Listed on 21/04/2026

Property Details

Bedrooms
4
Type
Terraced
Area
1622 sqft

Description

This four-bedroom terraced house, located in the desirable Commonwealth Estate area of North Ilford, presents an exciting opportunity for both investors and families with a vision for renovation. The property is currently divided into two self-contained two-bedroom flats, each equipped with its own kitchen, bathroom, and reception area. This versatile setup not only allows for immediate rental income but also offers the possibility—pending planning permission—to return it to a large single-family residence or even extend it further. The exterior features an appealing brick façade, off-street parking at the front, and a private northwest-facing garden which stretches approximately 65ft—perfect for landscaping or outdoor entertainment. Conveniently situated near Ilford town centre, residents will have access to a variety of amenities including supermarkets, local shops, and cafés along Ilford Lane and the High Road. The area is well-served by reputable schools and parks which enhance its appeal for long-term family living. With Ilford Station just a short distance away, commuting options are excellent with quick connections to Stratford (around 7 minutes) and London Liverpool Street (approximately 15-20 minutes), alongside multiple bus routes throughout Redbridge. This property is offered with no onward chain and stands as a unique investment opportunity in this well-established location.

Investment Analysis

(IG1 area)

Below Market Value

This property is priced -3.8% below area average per sq ft

-3.8%
Potential saving
This Property
£432/sq ft
Area Average
£449/sq ft
Avg Rent (weekly)
£382
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£800,303
10% above area average per sq ft
Potential ROI
+5.3%
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

Coventry 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
£2,479
Based on a loan of £525,000 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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