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Penhurst Road, Ilford IG6

London

£425,000
Listed on 11/04/2026

Property Details

Bedrooms
2
Type
Semi Detached Bungalow
Area
620 sqft

Description

Situated on Penhurst Road, bordering Chigwell, this two-bedroom semi-detached bungalow presents an excellent opportunity for those looking to invest in a property with significant potential. With no onward chain, this residence is primed for transformation. The current layout comprises two bedrooms, a family bathroom, and a kitchen that flows into a spacious living and dining area. Additionally, the property features both front and rear gardens, along with a sunroom and substantial storage area beneath the home. Notably, the bungalow offers the possibility for extension and modernization (subject to planning permission), allowing you to create a more expansive living space tailored to your needs. Its location is advantageous—just 0.7 miles from two Underground stations (Hainault and Fairlop), making commutes to Stratford in about 20 minutes or Liverpool Street in around 30 minutes highly accessible. Furthermore, nearby outdoor recreational spaces such as Claybury Park and Fairlop Waters Country Park enhance its appeal alongside local amenities like shops, restaurants, and schools within walking distance. This property warrants an internal inspection to fully appreciate its location and renovation potential.

Investment Analysis

(IG6 area)

Above Market Value

This property is priced +40.4% above area average per sq ft

+40.4%
This Property
£685/sq ft
Area Average
£488/sq ft
Avg Rent (weekly)
£473
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£332,987
10% above area average per sq ft
Potential ROI
-28.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (IG6)

Area prices are rising by +3.2% over the last 12 months
3 year growth: +6.8%
5 year growth: +10.1%
Investment Disclaimer: Analysis based on IG6 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

Penhurst Road, Ilford IG6
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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
£1,505
Based on a loan of £318,750 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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