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Mortlake Road, Ilford

London

£550,000

Listed on 29/06/2026

Property details

Bedrooms
3
Type
Terraced
Area
1838 sqft

Description

This two to three-bedroom mid-terrace house presents a significant opportunity for buyers looking to undertake a comprehensive renovation project. Conveniently located near Ilford Town Centre, various bus routes, and local schools, the property's layout includes three reception rooms, a kitchen, a storage room, and a shower room on the ground floor. The first floor is designed with two to three bedrooms, each featuring en-suite shower facilities and their own kitchenette—ideal for multiple occupancy arrangements. Additionally, the garden is accompanied by an outbuilding that could serve various purposes following refurbishment. This property requires complete modernisation throughout and is well-suited for investors or those eager to create a custom living space. Please note that this property forms part of a larger title which will be amended during conveyance.

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Investment analysis

(IG1 area)

Below Market Value

This property is priced -33.0% below area average per sq ft

-33.0%
Potential saving
This Property
£299/sq ft
Area Average
£447/sq ft
Avg Rent (weekly)
£406
Avg Yield
5.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£903,037
10% above area average per sq ft
Potential ROI
+41.1%
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
9%
Properties sold annually

Local Market Trend (IG1)

Area prices are rising by +8.7% over the last 12 months
3 year growth: +11.4%
5 year growth: +16.6%
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

Mortlake Road, 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
£2,078
Based on a loan of £412,500 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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