According to the public record, 195, Loxford Lane, Ilford is a modern leasehold apartment with 409 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Loxford Lane, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
195, Loxford Lane, Ilford has a single entry in the Land Registry database from October 2008 and a single entry in the EPC database dated August 2021.
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 195 Loxford Lane Ilford as £224,376 and the rental value as £1,103 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 195 Loxford Lane Ilford has increased by £2,524 (1.1%) and its rental value has increased by £52 per month (4.7%).
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 195, Loxford Lane, Ilford is in very good condition we estimate a sale value of £235,595 and rental value of £1,159 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £208,670 and a rental value of £1,026 per month.
If you were able to purchase this property for the estimated value of £224,376, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,103 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, 195, Loxford Lane, Ilford was last sold on 31 Oct 2008 for £135,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2008, the market for similar properties has risen 67.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 195, Loxford Lane, Ilford within a radius of 500 metres over the last 2 years.
The most recent example is 6, Clark Grove, Ilford, IG3 9FD, a Leasehold flat which sold for £228,000 in May 2022.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Loxford Lane, Ilford, IG3 has a total of 21 addresses. According to our analysis of all the public data, 195, Loxford Lane, Ilford is the 21st largest and the 21st most expensive property on the street.
When compared to the postcode district it is £243k less expensive than the average property in IG3.
195, Loxford Lane, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Aug 2021.
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 195, Loxford Lane, Ilford is Barking station which is 1.4 kilometres 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 195, Loxford Lane, Ilford, 40.9% of property is socially rented and 32.2% is privately rented.
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 195, Loxford Lane, Ilford, 24.1% of residents are recorded as possessing school level qualifications and 43.0% 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 195, Loxford Lane, Ilford, the average age was 34.7 and the most common age was 12.
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 195, Loxford Lane, 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 195, Loxford Lane, Ilford, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.