According to the public record, 14, Lancaster Place, Ilford is a modern freehold house with 678 ft2 of internal area and sits on a 130 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Lancaster Place, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
14, Lancaster Place, Ilford has a single entry in the Land Registry database from October 2021 and a single entry in the EPC database dated October 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 14 Lancaster Place Ilford as £325,932 and the rental value as £1,820 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 14 Lancaster Place Ilford has increased by £7,499 (2.3%) and its rental value has increased by £97 per month (5.3%).
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 14, Lancaster Place, Ilford is in very good condition we estimate a sale value of £342,229 and rental value of £1,911 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £303,117 and a rental value of £1,693 per month.
If you were able to purchase this property for the estimated value of £325,932, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,602 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 data from HM Land Registry, 14, Lancaster Place, Ilford sits on a plot of 130m2.
We have plot size data on 16 out of 17 other houses in the postcode and 14, Lancaster Place, Ilford sits on the 4th largest plot.
According to HM Land Registry, 14, Lancaster Place, Ilford was last sold on 15 Oct 2021 for £350,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2021, the market for similar properties has risen 1.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 14, Lancaster Place, Ilford within a radius of 410 metres over the last 2 years.
The most recent example is 14, Harrow Road, Ilford, IG1 2XB, a Freehold house which sold for £340,000 in Dec 2021.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lancaster Place, Ilford, IG1 has a total of 17 addresses. According to our analysis of all the public data, 14, Lancaster Place, Ilford is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £99k less expensive than the average property in IG1.
14, Lancaster Place, Ilford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 25 Oct 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 14, Lancaster Place, Ilford is Barking station which is 1.1 kilometres 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 14, Lancaster Place, Ilford, 38.1% of property is privately rented and 24.8% 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 14, Lancaster Place, Ilford, 29.7% of residents are recorded as possessing school level qualifications and 41.0% 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 14, Lancaster Place, Ilford, the average age was 32.3 and the most common age was 12.
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 14, Lancaster Place, 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 14, Lancaster Place, Ilford, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.