According to the public record, 2, Lord Avenue, Ilford is a mid-century Leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Lord Avenue, Ilford, IG5 is located in the borough of Redbridge within the IG5 postal district.
2, Lord Avenue, Ilford has 3 entries in the Land Registry database, most recently in December 2021 and a single entry in the EPC database dated October 2016.
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 Lord Avenue Ilford as £305,250 and the rental value as £1,336 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 2 Lord Avenue Ilford has increased by £4,605 (1.5%) and its rental value has increased by £18 per month (1.3%).
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, Lord Avenue, Ilford is in very good condition we estimate a sale value of £320,513 and rental value of £1,403 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £283,883 and a rental value of £1,243 per month.
If you were able to purchase this property for the estimated value of £305,250, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,500 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, Lord Avenue, Ilford was last sold on 21 Dec 2021 for £1,250,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Dec 2021, the market for similar properties has dropped 2.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Lord Avenue, Ilford within a radius of 600 metres over the last 2 years.
The most recent example is Flat 7, Hawthorn Court, Herent Drive, Ilford, IG5 0HA, a Leasehold flat which sold for £315,000 in Nov 2023.
Read more about house prices in IG5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lord Avenue, Ilford, IG5 has a total of 108 addresses. According to our analysis of all the public data, 2, Lord Avenue, Ilford is the 97th largest and the 106th most expensive property on the street.
When compared to the postcode district it is £241k less expensive than the average property in IG5.
2, Lord Avenue, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Oct 2016.
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, Lord Avenue, Ilford is Gants Hill station which is 1.3 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 2, Lord Avenue, Ilford, 48.2% of property is privately owned outright and 42.7% 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 2, Lord Avenue, Ilford, 24.8% of residents are recorded as possessing school level qualifications and 48.2% 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, Lord Avenue, Ilford, the average age was 38.6 and the most common age was 42.
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, Lord Avenue, Ilford, 0.5% 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, Lord Avenue, Ilford, there are an average of 1.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.