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Goodmayes Lane, Ilford

London

£575,000

Listed on 11/09/2026

The listing

Property details

Bedrooms
2
Type
Bungalow
Area
927 sqft

Description

This two-bedroom detached bungalow presents a unique opportunity for those looking to create their ideal home in the sought-after 'Seven Kings Bungalow Estate'. The property boasts significant potential for expansion, with approved planning permission for a single-storey rear and side extension, as well as a loft conversion that can incorporate one front and two rear dormers. This makes it an excellent choice for families or developers looking to enhance the living space. The accommodation is well laid out, featuring two spacious double bedrooms, a comfortable lounge with double glazed French doors leading to the rear garden, a functional kitchen/diner, and a bathroom, all conveniently situated on one level. The good-sized rear garden is primarily laid to lawn and includes gated access to the front, along with a garage and off-street parking accessible from Budoch Drive. Ideally located near outstanding local schools and within easy reach of Goodmayes Station, which offers excellent transport links into central London, this property is perfect for those seeking a blend of convenience and potential. With its generous space and desirable location, this bungalow is ready for you to put your own stamp on it.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

22out of 100
Grade ELow opportunity

Confidence: MEDIUM

This two-bedroom semi-detached bungalow on the exclusive Seven Kings Bungalow Estate presents a compelling opportunity for those looking to create their own family home. The property is well-maintained overall, featuring spacious, light-filled bedrooms, a modern kitchen, and a clean bathroom, all on a single level. With approved planning permission for a rear and side extension, as well as a loft conversion, there's significant potential to enhance the living space further.

However, the asking price of £575,000 translates to £620/sqf, which is notably above the local average of £453/sqf, marking a 36.8% premium. When considering the renovation budget of £40,000 to £80,000, the total outlay becomes stretched against local benchmarks, leaving little room for upside in the current market. While the property has its merits, including a good location and expansion potential, buyers should be mindful of the economics before proceeding.

Key opportunities

  • Generous potential for extension and loft conversion with approved planning permission.
  • Spacious, well-lit interior that can be tailored to personal tastes.
  • Desirable location close to good schools and transport links.

Key risks

  • Asking price plus renovation costs may exceed local market benchmarks, limiting financial upside.
  • Factor in roughly £635,000 when purchase and the £60,000 refurb range are added together — roughly 34% above what comparable floor area achieves locally in current condition; post-works value sits outside our data.

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Map

Location

Goodmayes Lane, Ilford
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,172
Based on a loan of £431,250 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.

Tax

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Indicative tax based on the asking price and the options you select.

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