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Coventry Road, Ilford IG1

London

£700,000

Listed on 17/06/2026

Property Details

Bedrooms
4
Type
Terraced
Area
1622 sqft

Description

This four-bedroom terraced house in the desirable Commonwealth Estate of North Ilford presents significant renovation and investment potential. Currently configured as two self-contained two-bedroom flats, each with its own kitchen, bathroom, and reception area, this property offers a flexible layout ideal for generating rental income. With the possibility to revert back to a spacious family home—with appropriate planning permissions—or even consider extending, the options are plentiful for astute investors or families looking to customize their living space. The property's exterior boasts a characterful brick façade and includes off-street parking along with a private northwest-facing garden extending approximately 65ft. Conveniently located near Ilford town centre, residents can easily access an array of amenities, reputable schools, and transport links; Ilford Station is just minutes away providing quick connections to Stratford and central London. Offered with no onward chain, this property represents a rare opportunity for those seeking versatility and growth in a well-esteemed area.

Investment Analysis

(IG1 area)

Below Market Value

This property is priced -3.7% below area average per sq ft

-3.7%
Potential saving
This Property
£432/sq ft
Area Average
£448/sq ft
Avg Rent (weekly)
£410
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£799,946
10% above area average per sq ft
Potential ROI
+6.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (IG1)

Area prices are rising by +6.6% over the last 12 months
3 year growth: +7.6%
5 year growth: +15.3%
Investment Disclaimer: Analysis based on IG1 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

Coventry Road, Ilford IG1
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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
£2,645
Based on a loan of £525,000 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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