According to the public record, 18, Wycliffe House 245-247, Ilford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 728 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Wycliffe House, Cranbrook Road, Ilford, IG1.
Cranbrook Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
18, Wycliffe House 245-247, Ilford has a single entry in the Land Registry database from November 2018 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 18 Wycliffe House 245-247 Ilford as £438,377 and the rental value as £1,897 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 18 Wycliffe House 245-247 Ilford has increased by £1,532 (0.3%) and its rental value has increased by £58 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 18, Wycliffe House 245-247, Ilford is in very good condition we estimate a sale value of £460,296 and rental value of £1,992 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £407,690 and a rental value of £1,764 per month.
If you were able to purchase this property for the estimated value of £438,377, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,154 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, 18, Wycliffe House 245-247, Ilford was last sold on 15 Nov 2018 for £475,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2018, the market for similar properties has risen 4.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Wycliffe House 245-247, Ilford within a radius of 400 metres over the last 2 years.
The most recent example is 3, Wycliffe House 245-247, Cranbrook Road, Ilford, IG1 4TD, a Leasehold flat which sold for £490,000 in Jun 2018.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cranbrook Road, Ilford, IG1 has a total of 328 addresses. According to our analysis of all the public data, 18, Wycliffe House 245-247, Ilford is the 148th largest and the 103rd most expensive property on the street.
When compared to the postcode district it is £14k more expensive than the average property in IG1.
The closest station to 18, Wycliffe House 245-247, Ilford is Ilford station which is 500 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, Wycliffe House 245-247, Ilford, 67.3% of property is privately rented and 15.3% 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 18, Wycliffe House 245-247, Ilford, 20.2% 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 18, Wycliffe House 245-247, 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 18, Wycliffe House 245-247, 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 18, Wycliffe House 245-247, Ilford, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.