According to the public record, 16, Parham Drive, Ilford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 896 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Parham Drive, Ilford, IG2 is located in the borough of Redbridge within the IG2 postal district.
16, Parham Drive, Ilford has a single entry in the Land Registry database from December 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 16 Parham Drive Ilford as £574,046 and the rental value as £2,481 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 16 Parham Drive Ilford has increased by £13,022 (2.3%) and its rental value has increased by £113 per month (4.6%).
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, Parham Drive, Ilford is in very good condition we estimate a sale value of £602,748 and rental value of £2,605 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £533,863 and a rental value of £2,307 per month.
If you were able to purchase this property for the estimated value of £574,046, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,821 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, Parham Drive, Ilford was last sold on 10 Dec 2010 for £225,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2010, the market for similar properties has risen 94.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Parham Drive, Ilford within a radius of 360 metres over the last 2 years.
The most recent example is 52, Otley Drive, Ilford, IG2 6SN, a Freehold house which sold for £525,000 in Jun 2024.
Read more about house prices in IG2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Parham Drive, Ilford, IG2 has a total of 111 addresses. According to our analysis of all the public data, 16, Parham Drive, Ilford is the 48th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £102k more expensive than the average property in IG2.
The closest station to 16, Parham Drive, Ilford is Gants Hill station which is 300 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, Parham Drive, Ilford, 37.8% of property is privately owned with a mortgage and 37.0% 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, Parham Drive, Ilford, 24.7% 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, Parham Drive, Ilford, the average age was 35.8 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, Parham Drive, 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 16, Parham Drive, Ilford, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.