According to the public record, 16, Mayfair Avenue, Ilford is a period leasehold apartment with 1,119 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in 16, Mayfair Avenue, Ilford, IG1.
Mayfair Avenue, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
16, Mayfair Avenue, Ilford has a single entry in the Land Registry database from May 2011 and a single entry in the EPC database dated March 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 16 Mayfair Avenue Ilford as £528,320 and the rental value as £2,230 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 16 Mayfair Avenue Ilford has increased by £10,868 (2.1%) and its rental value has increased by £107 per month (4.8%).
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 16, Mayfair Avenue, Ilford is in very good condition we estimate a sale value of £554,736 and rental value of £2,341 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £491,337 and a rental value of £2,074 per month.
If you were able to purchase this property for the estimated value of £528,320, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,597 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, 16, Mayfair Avenue, Ilford was last sold on 27 May 2011 for £212,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2011, the market for similar properties has risen 80.4%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 16, Mayfair Avenue, Ilford within a radius of 370 metres over the last 2 years.
The most recent example is 2, Kensington Gardens, Ilford, IG1 3EL, a Leasehold flat which sold for £226,000 in May 2011.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mayfair Avenue, Ilford, IG1 has a total of 186 addresses. According to our analysis of all the public data, 16, Mayfair Avenue, Ilford is the 90th largest and the 89th most expensive property on the street.
When compared to the postcode district it is £104k more expensive than the average property in IG1.
16, Mayfair Avenue, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Mar 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 16, Mayfair Avenue, Ilford is Ilford station which is 700 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 16, Mayfair Avenue, Ilford, 51.4% of property is privately rented and 27.1% is privately owned outright.
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 16, Mayfair Avenue, Ilford, 26.2% 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 16, Mayfair Avenue, 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 16, Mayfair Avenue, Ilford, 0.7% 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 16, Mayfair Avenue, Ilford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.