According to the public record, 158, Richmond Road, Ilford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 527 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 158, Richmond Road, Ilford, IG1.
Richmond Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
158, Richmond Road, Ilford has 21 entries in the Land Registry database, most recently in March 2016 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 158 Richmond Road Ilford as £187,762 and the rental value as £1,196 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 158 Richmond Road Ilford has increased by £1,654 (0.9%) and its rental value has increased by £47 per month (3.9%).
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 158, Richmond Road, Ilford is in very good condition we estimate a sale value of £197,150 and rental value of £1,256 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £174,619 and a rental value of £1,113 per month.
If you were able to purchase this property for the estimated value of £187,762, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £923 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, 158, Richmond Road, Ilford was last sold on 04 Mar 2016 for £179,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2016, the market for similar properties has risen 12.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 158, Richmond Road, Ilford within a radius of 380 metres over the last 2 years.
The most recent example is 242B , Mortlake Road, Ilford, IG1 2TE, a Leasehold flat which sold for £220,000 in Dec 2018.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richmond Road, Ilford, IG1 has a total of 256 addresses. According to our analysis of all the public data, 158, Richmond Road, Ilford is the 214th largest and the 234th most expensive property on the street.
When compared to the postcode district it is £237k less expensive than the average property in IG1.
The closest station to 158, Richmond Road, Ilford is Ilford 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 158, Richmond Road, Ilford, 39.1% of property is privately rented and 29.6% 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 158, Richmond Road, Ilford, 24.9% of residents are recorded as possessing school level qualifications and 30.9% 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 158, Richmond Road, 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 158, Richmond Road, Ilford, 0.4% 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 158, Richmond Road, Ilford, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.