According to the public record, 1, Granton Road, Ilford is a period leasehold apartment with 861 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 1, Granton Road, Ilford, IG3.
Granton Road, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
1, Granton Road, Ilford has a single entry in the Land Registry database from September 2017 and a single entry in the EPC database dated September 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Granton Road Ilford as £282,368 and the rental value as £1,609 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 1 Granton Road Ilford has increased by £5,562 (2.0%) and its rental value has increased by £89 per month (5.5%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Granton Road, Ilford is in very good condition we estimate a sale value of £296,486 and rental value of £1,689 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £262,602 and a rental value of £1,496 per month.
If you were able to purchase this property for the estimated value of £282,368, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,388 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1, Granton Road, Ilford was last sold on 15 Sep 2017 for £310,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2017, the market for similar properties has risen 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Granton Road, Ilford within a radius of 420 metres over the last 2 years.
The most recent example is 8, Ashgrove Road, Ilford, IG3 9XE, a Leasehold flat which sold for £360,000 in Nov 2022.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Granton Road, Ilford, IG3 has a total of 7 addresses. According to our analysis of all the public data, 1, Granton Road, Ilford is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £185k less expensive than the average property in IG3.
1, Granton Road, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Sep 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Granton Road, Ilford is Goodmayes station which is 300 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Granton Road, Ilford, 40.0% of property is privately owned outright and 32.7% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Granton Road, Ilford, 25.3% of residents are recorded as possessing school level qualifications and 35.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Granton Road, Ilford, the average age was 34.2 and the most common age was 37.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Granton Road, Ilford, 0.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Granton Road, Ilford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.