According to the public record, 151, Goodmayes Lane, Ilford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,388 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Goodmayes Lane, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
151, Goodmayes Lane, Ilford has a single entry in the Land Registry database from January 2010 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 151 Goodmayes Lane Ilford as £591,472 and the rental value as £2,775 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 151 Goodmayes Lane Ilford has decreased by £3,389 (0.6%) and its rental value has increased by £83 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 151, Goodmayes Lane, Ilford is in very good condition we estimate a sale value of £621,045 and rental value of £2,913 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £550,069 and a rental value of £2,580 per month.
If you were able to purchase this property for the estimated value of £591,472, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,907 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, 151, Goodmayes Lane, Ilford was last sold on 29 Jan 2010 for £315,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2010, the market for similar properties has risen 86.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 151, Goodmayes Lane, Ilford within a radius of 560 metres over the last 2 years.
The most recent example is 252, Ashburton Avenue, Ilford, IG3 9EJ, a Freehold house which sold for £615,000 in Dec 2023.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Goodmayes Lane, Ilford, IG3 has a total of 265 addresses. According to our analysis of all the public data, 151, Goodmayes Lane, Ilford is the 56th largest and the 77th most expensive property on the street.
When compared to the postcode district it is £125k more expensive than the average property in IG3.
The closest station to 151, Goodmayes Lane, Ilford is Goodmayes 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 151, Goodmayes Lane, Ilford, 31.7% of property is socially rented and 28.3% 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 151, Goodmayes Lane, Ilford, 23.9% of residents are recorded as possessing school level qualifications and 35.1% 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 151, Goodmayes Lane, 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 151, Goodmayes Lane, Ilford, 0.2% 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 151, Goodmayes Lane, Ilford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.