According to the public record, 1 Suffolk Court, Ilford is a mid-century Leasehold apartment with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Suffolk Court, Suffolk Road, Ilford, IG3.
Suffolk Road, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
1 Suffolk Court, Ilford has 2 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated February 2021.
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 Suffolk Court Ilford as £263,193 and the rental value as £1,507 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 1 Suffolk Court Ilford has decreased by £1,449 (0.6%) and its rental value has increased by £35 per month (2.3%).
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 Suffolk Court, Ilford is in very good condition we estimate a sale value of £276,353 and rental value of £1,582 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £244,769 and a rental value of £1,402 per month.
If you were able to purchase this property for the estimated value of £263,193, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,294 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 Suffolk Court, Ilford was last sold on 30 Jun 2021 for £278,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2021, the market for similar properties has dropped 0.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1 Suffolk Court, Ilford within a radius of 550 metres over the last 2 years.
The most recent example is 58, Suffolk Court, Suffolk Road, Ilford, IG3 8JH, a Leasehold flat which sold for £296,105 in Feb 2022.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Suffolk Road, Ilford, IG3 has a total of 104 addresses. According to our analysis of all the public data, 1 Suffolk Court, Ilford is the 94th largest and the 95th most expensive property on the street.
When compared to the postcode district it is £204k less expensive than the average property in IG3.
1 Suffolk Court, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Feb 2021.
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 Suffolk Court, Ilford is Newbury Park station which is 400 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 Suffolk Court, Ilford, 31.8% of property is privately rented and 27.9% is socially rented.
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 Suffolk Court, Ilford, 29.5% of residents are recorded as possessing school level qualifications and 35.5% 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 Suffolk Court, Ilford, the average age was 36.7 and the most common age was 42.
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 Suffolk Court, 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 Suffolk Court, Ilford, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.