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Derwent Gardens, Ilford

London

£700,000

Listed on 15/07/2026

Property details

Bedrooms
4
Type
Terraced
Area
1776 sqft

Description

This four-bedroom terraced home offers immense potential for renovation and investment, ideal for families or those looking to capitalize on a property with room for improvement. Located approximately 0.8 miles from Gants Hill and Redbridge Underground stations, this residence benefits from excellent transport links, making it a prime choice for commuters. The ground floor features two spacious reception rooms filled with natural light, with the main one having direct access to the generous rear garden—a perfect setting for entertaining or family gatherings. The open plan kitchen is designed with practical features, including a breakfast bar and ample storage, though it could benefit from modern updates to fully realize its potential. The first floor houses four well-sized bedrooms, including three doubles and a single, along with a contemporary family bathroom that can be enhanced further. Additional conveniences such as a ground floor shower room cater well to modern living. Outside, the expansive rear garden is an asset that allows for outdoor activities or development possibilities (subject to planning permissions). A garage at the back adds further utility and could serve multiple purposes beyond storage. With planning permission potentially obtainable for extensions, this property presents not just a comfortable family home but also an exciting opportunity for those looking to add value through renovations in a sought-after area known for reputable schools and local parks.

Investment analysis

(IG4 area)

Below Market Value

This property is priced -15.3% below area average per sq ft

-15.3%
Potential saving
This Property
£394/sq ft
Area Average
£465/sq ft
Avg Rent (weekly)
£509
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£908,619
10% above area average per sq ft
Potential ROI
+21.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
4
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (IG4)

Area prices are falling by -13.2% over the last 12 months
3 year growth: -8.6%
5 year growth: -5.6%
Investment Disclaimer: Analysis based on IG4 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

Derwent Gardens, 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
£2,645
Based on a loan of £525,000 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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