According to the public record, 196, Wanstead Lane, Ilford is a early-century freehold house with 1,646 ft2 of internal area and sits on a 240 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Wanstead Lane, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
196, Wanstead Lane, Ilford has 21 entries in the Land Registry database, most recently in April 2022 and a single entry in the EPC database dated October 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 196 Wanstead Lane Ilford as £684,077 and the rental value as £2,978 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 196 Wanstead Lane Ilford has decreased by £145 (0.0%) and its rental value has increased by £52 per month (1.7%).
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 196, Wanstead Lane, Ilford is in very good condition we estimate a sale value of £718,281 and rental value of £3,126 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £636,192 and a rental value of £2,769 per month.
If you were able to purchase this property for the estimated value of £684,077, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,362 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, 196, Wanstead Lane, Ilford sits on a plot of 240m2.
We have plot size data on 21 out of 27 other houses in the postcode and 196, Wanstead Lane, Ilford sits on the 14th largest plot.
According to HM Land Registry, 196, Wanstead Lane, Ilford was last sold on 19 Apr 2022 for £700,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2022, the market for similar properties has dropped 2.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 196, Wanstead Lane, Ilford within a radius of 680 metres over the last 2 years.
The most recent example is 109, Wanstead Lane, Ilford, IG1 3SP, a Freehold house which sold for £610,000 in Mar 2021.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wanstead Lane, Ilford, IG1 has a total of 208 addresses. According to our analysis of all the public data, 196, Wanstead Lane, Ilford is the 58th largest and the 84th most expensive property on the street.
When compared to the postcode district it is £259k more expensive than the average property in IG1.
196, Wanstead Lane, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Oct 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 196, Wanstead Lane, Ilford is Redbridge station which is 200 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 196, Wanstead Lane, Ilford, 37.2% of property is privately rented and 32.4% 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 196, Wanstead Lane, Ilford, 24.7% of residents are recorded as possessing school level qualifications and 48.7% 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 196, Wanstead Lane, Ilford, the average age was 37.5 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 196, Wanstead Lane, Ilford, 1.4% 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 196, Wanstead Lane, Ilford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.