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Vernon Road, Ilford, IG3

London

£525,000

Listed on 11/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
953 sqft

Description

This charming mid-terrace Victorian home features three bedrooms and presents a compelling investment opportunity for both homeowners and landlords. Located conveniently near Seven Kings and Goodmayes stations, which provide easy access to central London, this property appeals to commuters seeking connectivity without sacrificing neighborhood charm. While the home showcases original details such as wooden beams and retro aesthetics, it also offers significant potential for enhancement. Buyers can explore options for expanding the living space through rear extensions or loft conversions, pending necessary planning permissions. Inside, the layout includes a generous reception area and a practical kitchen/dining space ideal for family gatherings. The front driveway is a valuable asset in this desirable area, providing off-street parking that is often sought after in urban settings. Additionally, residents enjoy proximity to local amenities including shops, dining options, schools, and communal facilities catering to diverse needs. This property combines character with ample opportunities for customization, making it an attractive proposition in a vibrant community.

Investment Analysis

(IG3 area)

Above Market Value

This property is priced +22.0% above area average per sq ft

+22.0%
This Property
£551/sq ft
Area Average
£452/sq ft
Avg Rent (weekly)
£412
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £55,000
Target Value
£473,412
10% above area average per sq ft
Potential ROI
-18.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (IG3)

Area prices are rising by +8.8% over the last 12 months
3 year growth: +5.9%
5 year growth: +14.4%
Investment Disclaimer: Analysis based on IG3 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

Vernon Road, Ilford, IG3
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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
£1,983
Based on a loan of £393,750 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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