According to the public record, 181, Express Drive, Ilford is a modern apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Express Drive, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
181, Express Drive, Ilford has no recent1 records in the Land Registry database and a single entry in the EPC database dated September 2019.
We combine this information with public data 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 181 Express Drive Ilford as £248,304 and the rental value as £1,455 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 181 Express Drive Ilford has increased by £1,992 (0.8%) and its rental value has increased by £67 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 181, Express Drive, Ilford is in very good condition we estimate a sale value of £260,720 and rental value of £1,527 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £230,923 and a rental value of £1,353 per month.
If you were able to purchase this property for the estimated value of £248,304, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,220 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, 181, Express Drive, Ilford was last sold on 01 Apr 1999 for £48,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 181, Express Drive, Ilford within a radius of 480 metres over the last 2 years.
The most recent example is 173, Express Drive, Ilford, IG3 9RD, a Leasehold flat which sold for £240,000 in Jul 2019.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Express Drive, Ilford, IG3 has a total of 231 addresses. According to our analysis of all the public data, 181, Express Drive, Ilford is the 47th largest and the 46th most expensive property on the street.
When compared to the postcode district it is £219k less expensive than the average property in IG3.
181, Express Drive, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Sep 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 181, Express Drive, Ilford is Goodmayes 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 181, Express Drive, Ilford, 69.9% of property is privately rented and 12.6% 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 181, Express Drive, Ilford, 18.3% of residents are recorded as possessing school level qualifications and 50.6% 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 181, Express Drive, 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 181, Express 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 181, Express Drive, Ilford, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.