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Wakefield Gardens, ILFORD, IG1

London

£625,000

Listed on 05/05/2026

Property Details

Bedrooms
3
Type
House
Area
1003 sqft

Description

This semi-detached residence in a sought-after area of Ilford presents a unique opportunity for those looking to invest in property with significant potential for expansion. Offering around 1,003 sq ft of internal space, the home features spacious, bright rooms and is equipped with double-glazed windows and gas central heating. The property also benefits from off-street parking, enhancing its practicality. The rear garden provides a lovely outdoor area suitable for relaxation or entertaining, while the front garden contributes to the overall aesthetic appeal. Notably, there is considerable scope for extending the property vertically with a two-storey side addition (subject to relevant planning permissions), allowing new owners to create additional living space and increase market value. Positioned conveniently near local amenities, reputable schools, and just a short stroll from Redbridge Central Line Station (approximately 0.4 miles), this property is perfect for families and investors seeking to maximize their investment.

Investment Analysis

(IG1 area)

Above Market Value

This property is priced +39.4% above area average per sq ft

+39.4%
This Property
£623/sq ft
Area Average
£447/sq ft
Avg Rent (weekly)
£390
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£493,230
10% above area average per sq ft
Potential ROI
-26.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (IG1)

Area prices are rising by +5.4% over the last 12 months
3 year growth: +5.0%
5 year growth: +11.5%
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

Wakefield Gardens, ILFORD, IG1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,230
Based on a loan of £468,750 over 30 years at 3.97% 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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