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Pelham Road, Ilford IG1

London

£500,000
Listed on 26/09/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terrace house presents a versatile opportunity for renovation and investment. Ideally located near Seven Kings, Ilford, and Goodmayes train stations, the property offers excellent transport links, making it accessible for commuters while also being close to local bus routes, schools, and a variety of amenities. The ground floor features a lounge that opens into a dining area, alongside a practical kitchen and an additional reception room. A shower room with a WC completes this level, providing functional living space. Upstairs, you’ll find the main bedroom along with two additional spacious bedrooms and a family bathroom. One of the standout features of this property is its potential for further enhancement. The generously sized rooms offer ample scope for modernizing or reconfiguring the layout to suit personal tastes or maximize rental income. The rear garden includes shared gated access, and there is potential to extend (subject to planning permission), allowing for even more living space. With proximity to Ilford Town Centre, this house not only serves as an ideal family home but also represents an attractive investment opportunity in a growing area. Whether you are looking to renovate or simply hold for future appreciation, this property offers various avenues to explore for value creation.

Investment Analysis

(IG1 area)
Area Average
£455/sq ft
Avg Rent (weekly)
£392
Avg Yield
5.4%

Renovation Potential

Est. Renovation Cost
£50,000 - £125,000
10-25% of property value
Monthly Sales
23
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (IG1)

Area prices are rising by +11.2% over the last 12 months
3 year growth: 9.5%
5 year growth: 32.6%
Investment Disclaimer: Analysis based on IG1 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

Pelham Road, Ilford IG1
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