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Martley Drive, Ilford IG2

London

£500,000
Listed on 08/08/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1195 sqft

Description

This three-bedroom property presents a unique opportunity for renovation and investment, located conveniently near Gants Hill Tube Station. Currently vacant, it is ready for immediate occupation, making it ideal for those looking to make quick improvements or updates. The property features a spacious rear garden, which offers ample space for outdoor activities or potential landscaping projects. Off-street parking at the front adds practicality to the home, catering to both residents and guests. One of the standout aspects of this property is its development potential. With the appropriate planning permissions (subject to planning), there are opportunities for extensions that could significantly enhance the living space and increase overall value. The surrounding area benefits from excellent transport links and local amenities, making it an attractive option for families or professionals alike. This combination of location advantages and renovation possibilities creates a promising investment prospect. For those willing to invest time and resources into refurbishment, this property has the potential to become a highly desirable home or rental unit.

Investment Analysis

(IG2 area)

Below Market Value

This property is priced -13.1% below area average per sq ft

-13.1%
Potential saving
This Property
£418/sq ft
Area Average
£481/sq ft
Avg Rent (weekly)
£412
Avg Yield
4.2%

Renovation Potential

Est. Renovation Cost
£50,000 - £125,000
10-25% of property value
Target Value
£632,669
10% above area average per sq ft
Potential ROI
+1.2%
After renovation
Monthly Sales
8
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (IG2)

Area prices are rising by +5.2% over the last 12 months
3 year growth: -1.9%
5 year growth: 15.9%
Investment Disclaimer: Analysis based on IG2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Martley Drive, Ilford IG2
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