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Springfield Drive, Ilford, IG2

London

£450,000

Listed on 22/07/2026

Property details

Bedrooms
3
Type
Terraced
Area
836 sqft

Description

This three-bedroom mid-terrace property is now available chain-free and presents a significant opportunity for renovation enthusiasts and investors alike. Located on Springfield Drive, this well-proportioned home requires an extensive refurbishment throughout, offering the chance to transform it into a modern family residence tailored to individual tastes. The generous layout provides ample space for customization, making it an enticing project for families or developers looking to enhance value in a desirable residential area. With excellent transport links via Newbury Park Station and proximity to quality schools, shops, and green spaces, this property not only promises potential but also convenience. This location offers both a rewarding renovation project and the benefits of established community living.

Investment analysis

(IG2 area)

Above Market Value

This property is priced +14.4% above area average per sq ft

+14.4%
This Property
£538/sq ft
Area Average
£471/sq ft
Avg Rent (weekly)
£430
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£432,764
10% above area average per sq ft
Potential ROI
-18.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (IG2)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -1.5%
5 year growth: -5.9%
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

Springfield Drive, Ilford, IG2
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,700
Based on a loan of £337,500 over 30 years at 4.45% 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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