According to the public record, 18, Spencer Road, Ilford is a period freehold house with 957 ft2 of internal area and sits on a 297 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Spencer Road, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
18, Spencer Road, Ilford has a single entry in the Land Registry database from June 2022 and a single entry in the EPC database dated June 2013.
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 18 Spencer Road Ilford as £451,567 and the rental value as £2,325 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 18 Spencer Road Ilford has increased by £3,907 (0.9%) and its rental value has increased by £98 per month (4.2%).
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 18, Spencer Road, Ilford is in very good condition we estimate a sale value of £474,145 and rental value of £2,442 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £419,957 and a rental value of £2,163 per month.
If you were able to purchase this property for the estimated value of £451,567, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,219 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 data from HM Land Registry, 18, Spencer Road, Ilford sits on a plot of 297m2.
We have plot size data on 39 out of 62 other houses in the postcode and 18, Spencer Road, Ilford sits on the 3rd largest plot.
According to HM Land Registry, 18, Spencer Road, Ilford was last sold on 14 Jun 2022 for £300,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2022, the market for similar properties has dropped 6.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Spencer Road, Ilford within a radius of 430 metres over the last 2 years.
The most recent example is 49, Chester Road, Ilford, IG3 8PU, a Leasehold house which sold for £415,000 in Mar 2024.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spencer Road, Ilford, IG3 has a total of 86 addresses. According to our analysis of all the public data, 18, Spencer Road, Ilford is the 29th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £15k less expensive than the average property in IG3.
18, Spencer Road, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 29 Jun 2013.
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 18, Spencer Road, Ilford is Seven Kings station which is 400 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 18, Spencer Road, Ilford, 41.7% of property is privately rented and 30.2% 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 18, Spencer Road, Ilford, 34.0% of residents are recorded as possessing school level qualifications and 32.3% 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 18, Spencer Road, 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 18, Spencer 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 18, Spencer Road, 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.