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

London

£500,000

Listed on 26/06/2026

Property details

Bedrooms
3
Type
Terraced
Area
904 sqft

Description

Situated in the sought-after Leftley Estate, this 1930s three-bedroom residence offers substantial potential for those looking to invest or renovate. With approximately 904 square feet of living space, the property serves as an ideal blank canvas for a buyer wanting to put their own stamp on it. The current layout features a bright bay-fronted living room, a separate dining room with access to the private rear garden, a galley-style kitchen, three spacious bedrooms, and a family bathroom. There is also considerable opportunity for extension at the rear and into the loft, subject to obtaining planning permissions. Nestled on Melford Avenue, this home benefits from excellent local amenities and is just an eight-minute stroll from Upney Station. Its proximity to reputable schools such as Manor Junior School and Barking Abbey School further enhances its family-friendly appeal while the vibrant Barking Town Centre offers a variety of shops and parks for everyday convenience. This property represents an excellent opportunity not only for comfortable living but also for significant value enhancement through renovation and expansion.

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Investment analysis

(IG11 area)

Above Market Value

This property is priced +28.0% above area average per sq ft

+28.0%
This Property
£553/sq ft
Area Average
£432/sq ft
Avg Rent (weekly)
£401
Avg Yield
6.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£429,581
10% above area average per sq ft
Potential ROI
-23.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (IG11)

Area prices are falling by -6.3% over the last 12 months
3 year growth: -1.7%
5 year growth: +0.5%
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, Leftley Estate, Barking IG11
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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
£1,889
Based on a loan of £375,000 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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