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Express Drive, Ilford IG3 - Image 1

Express Drive, Ilford IG3

London

£180,000
Listed on 16/03/2026

Property Details

Bedrooms
1
Type
Flat
Area
506 sqft

Description

This spacious one-bedroom flat, located on the first floor of a purpose-built development, offers a promising renovation opportunity for discerning buyers. With approximately 78 years remaining on the lease, cash buyers are preferred for a seamless acquisition. The flat features a well-thought-out layout that utilizes natural light effectively, creating a welcoming environment. Upon entering, you’re greeted by an inviting hallway leading to a large reception room that provides considerable flexibility for living and dining arrangements. Adjacent is the kitchen, which, while functional, holds significant potential for modernization. This space could easily be reimagined into a contemporary cooking and entertaining hub. The generously sized double bedroom benefits from ample daylight through its expansive window, fostering an uplifting atmosphere. The bathroom houses a traditional three-piece suite that allows for personal touches and upgrades to meet today’s design standards. Storage is not an issue with built-in cupboards enhancing convenience throughout the home. Additionally, allocated parking adds practical value to this property. Ideal for commuters, it is conveniently situated near Goodmayes Station (Elizabeth Line), providing direct links to central London. With local amenities such as shops, supermarkets, and cafes within close proximity, daily needs are easily met. Offered with no onward chain, this flat presents an ideal opportunity for investors or those seeking to create their own stylish living space in a desirable location. Viewing is highly encouraged to fully appreciate its potential and investment value.

Investment Analysis

(IG3 area)

Below Market Value

This property is priced -21.2% below area average per sq ft

-21.2%
Potential saving
This Property
£356/sq ft
Area Average
£451/sq ft
Avg Rent (weekly)
£420
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£251,166
10% above area average per sq ft
Potential ROI
+22.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (IG3)

Area prices are rising by +8.9% over the last 12 months
3 year growth: +5.9%
5 year growth: +15.6%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£638
Based on a loan of £135,000 over 30 years at 3.91% 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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