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Melford Avenue, Barking IG11 - Image 1
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Melford Avenue, Barking IG11

London

£500,000
Listed on 16/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1169 sqft

Description

This spacious three-bedroom family residence is nestled in the desirable Leftley Estate, revealing significant potential for modernisation and value enhancement. The layout includes two sizeable reception areas that could be reconfigured to suit contemporary living, alongside a separate kitchen and a practical utility room that adds to the home's utility. The first floor comprises three well-sized bedrooms and a family bathroom, providing a solid base for future upgrades. While the property requires modernisation throughout, it presents an exceptional opportunity for those looking to invest. With the possibility of internal reconfiguration, rear extensions, or even a loft conversion (subject to planning permission), there’s ample scope to follow in the footsteps of neighbouring homes that have been successfully updated. The Leftley Estate continues to experience rising demand attributed to its residential charm, improving local amenities, and excellent transport links. Over recent years, property values have seen consistent growth, particularly for homes that have undergone refurbishments or extensions. This trend marks this property as a valuable investment opportunity in an area where refurbished homes easily attract premium prices. Conveniently located near Barking Station with access to District Line, Hammersmith & City Line, and National Rail services connecting into central London makes commuting straightforward. Families will also appreciate the proximity to reputable schools, parks, and shopping facilities enhancing its appeal as a family-friendly neighborhood. Viewing is highly encouraged to truly grasp the potential this home offers.

Investment Analysis

(IG11 area)

Below Market Value

This property is priced -1.5% below area average per sq ft

-1.5%
Potential saving
This Property
£428/sq ft
Area Average
£434/sq ft
Avg Rent (weekly)
£394
Avg Yield
6.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£558,531
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
24
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (IG11)

Area prices are rising by +2.6% over the last 12 months
3 year growth: +4.1%
5 year growth: +8.7%
Investment Disclaimer: Analysis based on IG11 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

Melford Avenue, Barking IG11
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,803
Based on a loan of £375,000 over 30 years at 4.06% 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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