According to the public record, 14, Wycliffe House 245-247, Ilford is a modern leasehold apartment with 839 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Wycliffe House, Cranbrook Road, Ilford, IG1.
Cranbrook Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
14, Wycliffe House 245-247, Ilford has 2 entries in the Land Registry database, most recently in January 2023 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 14 Wycliffe House 245-247 Ilford as £488,702 and the rental value as £2,110 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 14 Wycliffe House 245-247 Ilford has increased by £1,708 (0.3%) and its rental value has increased by £64 per month (3.0%).
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, Wycliffe House 245-247, Ilford is in very good condition we estimate a sale value of £513,137 and rental value of £2,216 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £454,493 and a rental value of £1,963 per month.
If you were able to purchase this property for the estimated value of £488,702, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,402 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, 14, Wycliffe House 245-247, Ilford was last sold on 19 Jan 2023 for £490,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2023, the market for similar properties has dropped 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 14, Wycliffe House 245-247, Ilford within a radius of 400 metres over the last 2 years.
The most recent example is 17, Wycliffe House 245-247, Cranbrook Road, Ilford, IG1 4TD, a Leasehold flat which sold for £530,000 in Nov 2018.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cranbrook Road, Ilford, IG1 has a total of 328 addresses. According to our analysis of all the public data, 14, Wycliffe House 245-247, Ilford is the 111th largest and the 85th most expensive property on the street.
When compared to the postcode district it is £64k more expensive than the average property in IG1.
14, Wycliffe House 245-247, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 31 Oct 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using elecric underfloor heating.
The closest station to 14, Wycliffe House 245-247, Ilford is Ilford station which is 500 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 14, Wycliffe House 245-247, Ilford, 67.3% of property is privately rented and 15.3% 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, Wycliffe House 245-247, Ilford, 20.2% of residents are recorded as possessing school level qualifications and 42.7% 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 14, Wycliffe House 245-247, Ilford, the average age was 33.7 and the most common age was 32.
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, Wycliffe House 245-247, 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, Wycliffe House 245-247, Ilford, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.