According to the public record, 2 Austin House, Ilford is a mid-century leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Austin House, Abbey Road, Ilford, IG2.
Abbey Road, Ilford, IG2 is located in the borough of Redbridge within the IG2 postal district.
2 Austin House, Ilford has 21 entries in the Land Registry database, most recently in October 2018 and a single entry in the EPC database dated June 2018.
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 2 Austin House Ilford as £256,933 and the rental value as £1,317 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 2 Austin House Ilford has increased by £375 (0.1%) and its rental value has increased by £32 per month (2.5%).
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 2 Austin House, Ilford is in very good condition we estimate a sale value of £269,780 and rental value of £1,383 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £238,948 and a rental value of £1,225 per month.
If you were able to purchase this property for the estimated value of £256,933, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,263 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, 2 Austin House, Ilford was last sold on 19 Oct 2018 for £227,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2018, the market for similar properties has risen 5.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Austin House, Ilford within a radius of 460 metres over the last 2 years.
The most recent example is 9, Bush Close, Ilford, IG2 7NL, a Leasehold flat which sold for £300,000 in May 2022.
Read more about house prices in IG2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Abbey Road, Ilford, IG2 has a total of 132 addresses. According to our analysis of all the public data, 2 Austin House, Ilford is the 120th largest and the 122nd most expensive property on the street.
When compared to the postcode district it is £216k less expensive than the average property in IG2.
2 Austin House, Ilford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 02 Jun 2018.
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 2 Austin House, Ilford is Newbury Park 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 2 Austin House, Ilford, 41.8% of property is privately owned with a mortgage and 39.2% 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 2 Austin House, Ilford, 25.0% of residents are recorded as possessing school level qualifications and 38.8% 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 2 Austin House, Ilford, the average age was 36.6 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 2 Austin House, 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 2 Austin House, Ilford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.