According to the public record, 12, Andrew Close, Ilford is a mid-century leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Andrew Close, Ilford, IG6 is located in the borough of Redbridge within the IG6 postal district.
12, Andrew Close, Ilford has a single entry in the Land Registry database from March 2015 and a single entry in the EPC database dated October 2022.
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 12 Andrew Close Ilford as £238,568 and the rental value as £1,536 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 12 Andrew Close Ilford has increased by £4,988 (2.1%) and its rental value has increased by £51 per month (3.3%).
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 12, Andrew Close, Ilford is in very good condition we estimate a sale value of £250,497 and rental value of £1,613 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £221,868 and a rental value of £1,429 per month.
If you were able to purchase this property for the estimated value of £238,568, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,172 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, 12, Andrew Close, Ilford was last sold on 26 Mar 2015 for £180,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2015, the market for similar properties has risen 25.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Andrew Close, Ilford within a radius of 430 metres over the last 2 years.
The most recent example is Flat 17, Sonar House 1, Marine Crescent, Ilford, IG6 2FA, a Leasehold flat which sold for £283,000 in Oct 2023.
Read more about house prices in IG6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Andrew Close, Ilford, IG6 has a total of 35 addresses. According to our analysis of all the public data, 12, Andrew Close, Ilford is the 25th largest and the 31st most expensive property on the street.
When compared to the postcode district it is £229k less expensive than the average property in IG6.
12, Andrew Close, Ilford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 19 Oct 2022.
The property is not connected to mains gas and has single glazed windows. It is heated using Room heaters, electric.
The closest station to 12, Andrew Close, Ilford is Hainault station which is 200 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 12, Andrew Close, Ilford, 45.3% of property is privately rented and 29.4% 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 12, Andrew Close, Ilford, 17.5% of residents are recorded as possessing school level qualifications and 44.0% 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 12, Andrew Close, Ilford, the average age was 37.1 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 12, Andrew Close, 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 12, Andrew Close, 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.