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Gordon Road, Ilford IG1

London

£650,000
Listed on 26/09/2025

Property Details

Bedrooms
5
Type
Terraced house
Area
2476 sqft

Description

This Victorian end-of-terrace house presents an exciting opportunity for renovation and investment, boasting a wealth of character and spacious living areas. With high ceilings and generously sized rooms typical of its era, the property offers a solid foundation for transformation into a modern family home. The layout includes five to six bedrooms, along with a versatile loft room that can serve various purposes—ideal for creating additional living space or a home office. The ground floor features three to four reception areas, providing ample room for entertaining and accommodating family gatherings, making it well-suited for larger households. Notably, the house has already undergone some expansion with a double-storey side extension and a rear extension completed by the previous owner. These enhancements increase the overall footprint and offer further potential for customization. Outdoor amenities include a driveway capable of fitting two to three vehicles and side access leading to a manageable garden. Here, two utility buildings offer additional possibilities, whether as storage solutions or potential conversion projects. Situated in a location that benefits from local amenities and transport links, this property is not just a home but an investment with significant potential for appreciation. Being offered chain-free facilitates a smoother transaction process for prospective buyers seeking to make this space their own.

Investment Analysis

(IG1 area)

Below Market Value

This property is priced -42.4% below area average per sq ft

-42.4%
Potential saving
This Property
£263/sq ft
Area Average
£455/sq ft
Avg Rent (weekly)
£392
Avg Yield
5.4%

Renovation Potential

Est. Renovation Cost
£65,000 - £162,500
10-25% of property value
Target Value
£1,240,327
10% above area average per sq ft
Potential ROI
+52.7%
After renovation
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

Gordon Road, Ilford IG1
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