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Express Drive, Ilford IG3 - Image 1

Express Drive, Ilford IG3

London

£180,000

Listed on 04/07/2026

Property details

Bedrooms
1
Type
Flat
Area
506 sqft

Description

This one-bedroom flat on the first floor offers an attractive proposition for cash buyers, particularly given its lease of approximately 78 years. Located within a purpose-built development, the flat's well-thought-out layout maximizes both space and natural light, making it an inviting canvas for modernization. Upon entry, you are greeted by a hallway that leads into a generously sized reception room, suitable for living and dining arrangements. The kitchen, while functional, holds significant potential for transformation into a modern cooking and entertaining space. The spacious double bedroom benefits from large windows that enhance the airy feel throughout the property. The bathroom features a traditional three-piece suite that could be updated to reflect contemporary design preferences. Storage solutions are ample thanks to built-in cupboards throughout the flat. Allocated parking is another advantage for residents, ensuring convenience for vehicle owners. Located near Goodmayes Station on the Elizabeth Line, this flat is ideal for commuters needing rapid access to central London. With a variety of local shops, supermarkets, and cafes in close proximity, daily conveniences are well catered for. Being offered with no onward chain simplifies the purchasing process—a significant plus for first-time buyers or investors looking to capitalize on renovation potential in this desirable area.

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Investment analysis

(IG3 area)

Below Market Value

This property is priced -21.6% below area average per sq ft

-21.6%
Potential saving
This Property
£356/sq ft
Area Average
£453/sq ft
Avg Rent (weekly)
£428
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£252,390
10% above area average per sq ft
Potential ROI
+23.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (IG3)

Area prices are rising by +9.6% over the last 12 months
3 year growth: +7.6%
5 year growth: +12.4%
Investment Disclaimer: Analysis based on IG3 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

Express Drive, Ilford IG3
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£680
Based on a loan of £135,000 over 30 years at 4.45% 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.

Stamp duty calculator

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