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Perrymans Farm Road, Ilford, Essex IG2 - Image 1
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Perrymans Farm Road, Ilford, Essex IG2 - Image 3

Perrymans Farm Road, Ilford, Essex IG2

London

£370,000
Listed on 10/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
763 sqft

Description

This three-bedroom terraced house is just a short walk from Newbury Park Underground Station, presenting an excellent opportunity for those looking to invest or renovate. The property boasts generous living areas with two flexible reception rooms that can be easily adapted for modern lifestyles. The spacious kitchen at the rear not only serves as a functional cooking space but also has potential for enhancement to create a more contemporary family dining area.<br><br>Upstairs, there are three well-sized bedrooms alongside a family bathroom, all designed to take advantage of natural light. While the home is currently cozy and functional, updates could significantly increase its appeal and value.<br><br>The low-maintenance rear garden offers an inviting outdoor retreat and holds possibilities for future development (subject to planning permissions), further enhancing investment prospects. Located in a desirable area with easy access to local amenities and schools, this property is ideally suited for families and commuters alike. Moreover, it presents a strong rental opportunity with the potential for conversion into a high-yield house in multiple occupation (HMO), capitalizing on the area's robust rental market.

Investment Analysis

(IG2 area)

Above Market Value

This property is priced +1.5% above area average per sq ft

+1.5%
This Property
£485/sq ft
Area Average
£478/sq ft
Avg Rent (weekly)
£404
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£400,850
10% above area average per sq ft
Potential ROI
-3.4%
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

Perrymans Farm Road, Ilford, Essex IG2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,355
Based on a loan of £277,500 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.

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