According to the public record, 2, Bernards Close, Ilford is a modern leasehold apartment with 383 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Bernards Close, Ilford, IG6 is located in the borough of Redbridge within the IG6 postal district.
2, Bernards Close, Ilford has a single entry in the Land Registry database from May 2006 and a single entry in the EPC database dated August 2009.
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 Bernards Close Ilford as £219,675 and the rental value as £1,281 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 2 Bernards Close Ilford has increased by £5,966 (2.7%) and its rental value has increased by £51 per month (4.0%).
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 2, Bernards Close, Ilford is in very good condition we estimate a sale value of £230,658 and rental value of £1,345 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £204,297 and a rental value of £1,191 per month.
If you were able to purchase this property for the estimated value of £219,675, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,080 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, Bernards Close, Ilford was last sold on 05 May 2006 for £127,000 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 2, Bernards Close, Ilford within a radius of 390 metres over the last 2 years.
The most recent example is 65, Bernards Close, Ilford, IG6 2SR, a Leasehold flat which sold for £185,000 in Jun 2020.
Read more about house prices in IG6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bernards Close, Ilford, IG6 has a total of 75 addresses. According to our analysis of all the public data, 2, Bernards Close, Ilford is the 69th largest and the 69th most expensive property on the street.
When compared to the postcode district it is £248k less expensive than the average property in IG6.
2, Bernards Close, Ilford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 22 Aug 2009.
The property is not connected to mains gas and has single glazed windows. It is heated using electric storage heaters.
The closest station to 2, Bernards Close, Ilford is Hainault station which is 500 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Bernards Close, Ilford, 45.1% of property is privately owned with a mortgage and 30.2% 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, Bernards Close, Ilford, 23.5% of residents are recorded as possessing school level qualifications and 53.1% 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, Bernards Close, Ilford, the average age was 37.1 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, Bernards Close, Ilford, 0.2% 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, Bernards Close, Ilford, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.