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Springfield Drive, Ilford

London

£525,000

Listed on 19/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
904 sqft

Description

This three-bedroom terraced property presents a valuable opportunity for improvement and investment, situated in a desirable location with no onward chain. The residence includes a welcoming entrance hall leading into two spacious reception rooms that offer potential for modern open-plan living. The kitchen, while functional, could benefit from contemporary updates to maximize space and utility. Upstairs, there are three well-sized bedrooms along with a shower room and separate WC, providing ample scope for reconfiguration or modernization. Outside, the generous 70 ft rear garden features both patio and lawn areas, perfect for landscaping or extending the living space. Additionally, there is parking available at the front of the property, which adds convenience to this investment opportunity.

Investment Analysis

(IG2 area)

Above Market Value

This property is priced +23.1% above area average per sq ft

+23.1%
This Property
£581/sq ft
Area Average
£472/sq ft
Avg Rent (weekly)
£416
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£469,108
10% above area average per sq ft
Potential ROI
-17.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (IG2)

Area prices are rising by +3.5% over the last 12 months
3 year growth: -2.5%
5 year growth: -4.5%
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
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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.

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