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Melford Avenue, Leftley Estate, Barking, IG11

London

£500,000

Listed on 08/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
904 sqft

Description

Situated in the sought-after Leftley Estate, this three-bedroom home from the 1930s presents a robust opportunity for buyers looking to customize and enhance their living space. With approximately 904 square feet of accommodation, the property serves as an ideal starting point for renovation enthusiasts. The current layout includes a bright bay-fronted living room, a separate dining area that opens to a private rear garden, a galley-style kitchen, three generously sized bedrooms, and a family bathroom. There is considerable potential to extend both into the loft and at the rear, allowing for significant development possibilities subject to planning permissions. Located on Melford Avenue, this property benefits from proximity to Upney Station as well as Barking's mainline station for easy access to central London. Local amenities such as well-rated schools—including Manor Junior School and Barking Abbey School—as well as shops and parks are conveniently close by. This home not only offers ample space but also significant prospects for personalization and value addition upon renovation.

Investment Analysis

(IG11 area)

Above Market Value

This property is priced +28.0% above area average per sq ft

+28.0%
This Property
£553/sq ft
Area Average
£432/sq ft
Avg Rent (weekly)
£401
Avg Yield
6.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£429,581
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
21
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (IG11)

Area prices are falling by -6.3% over the last 12 months
3 year growth: -1.7%
5 year growth: +0.5%
Investment Disclaimer: Analysis based on IG11 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

Melford Avenue, Leftley Estate, Barking, IG11
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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
£1,889
Based on a loan of £375,000 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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