Worst House on the Street Logo
Eastern Avenue, Ilford IG2 - Image 1
Eastern Avenue, Ilford IG2 - Image 2
Eastern Avenue, Ilford IG2 - Image 3

Eastern Avenue, Ilford IG2

London

£850,000
Listed on 18/10/2025

Property Details

Bedrooms
6
Type
Detached house
Area
1851 sqft

Description

This sizable 6-bedroom home presents a unique opportunity for those looking to invest or renovate. Located just a short 3-minute walk from Gants Hill Station, the property boasts an excellent position that is convenient for daily commuters as well as families. The house includes three spacious reception areas and three bathrooms, offering ample living space that can accommodate both large families and potential renters. With six well-sized bedrooms, there’s significant scope for reconfiguration or updates to enhance the living experience further. The property is currently in reasonable condition, featuring gas central heating and double glazing, ensuring functionality while leaving room for customization. A key highlight of this home is its large private garden at the rear, which not only serves as a tranquil outdoor space but also holds great potential for future development. The front of the home provides off-street parking for up to three vehicles, adding convenience for residents and guests alike. Moreover, there is the possibility of securing planning permission for a double-storey rear extension (subject to planning permission), which could significantly increase the size and value of the property. Offered with vacant possession, this residence is particularly appealing for buyers interested in long-term investment potential or those eager to create a tailored family sanctuary in an accessible location.

Investment Analysis

(IG2 area)

Below Market Value

This property is priced -3.9% below area average per sq ft

-3.9%
Potential saving
This Property
£459/sq ft
Area Average
£478/sq ft
Avg Rent (weekly)
£404
Avg Yield
4.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£972,441
10% above area average per sq ft
Potential ROI
+8.0%
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
9%
Properties sold annually

Local Market Trend (IG2)

Area prices are falling by +4.2% over the last 12 months
3 year growth: -8.4%
5 year growth: 6.1%
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

Eastern Avenue, Ilford IG2
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,114
Based on a loan of £637,500 over 30 years at 4.19% 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.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE