According to the public record, 2, Martley Drive, Ilford is a early-century freehold house with 1,371 ft2 of internal area and sits on a 213 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Martley Drive, Ilford, IG2 is located in the borough of Redbridge within the IG2 postal district.
2, Martley Drive, Ilford has a single entry in the Land Registry database from February 2011 and a single entry in the EPC database dated July 2010.
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 Martley Drive Ilford as £640,737 and the rental value as £3,066 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 2 Martley Drive Ilford has increased by £10,392 (1.6%) and its rental value has increased by £120 per month (3.9%).
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, Martley Drive, Ilford is in very good condition we estimate a sale value of £672,773 and rental value of £3,219 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £595,885 and a rental value of £2,852 per month.
If you were able to purchase this property for the estimated value of £640,737, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,149 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, 2, Martley Drive, Ilford sits on a plot of 213m2.
We have plot size data on 19 out of 27 other houses in the postcode and 2, Martley Drive, Ilford sits on the 16th largest plot.
According to HM Land Registry, 2, Martley Drive, Ilford was last sold on 18 Feb 2011 for £319,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2011, the market for similar properties has risen 91.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Martley Drive, Ilford within a radius of 400 metres over the last 2 years.
The most recent example is 40, Glenham Drive, Ilford, IG2 6SG, a Freehold house which sold for £540,000 in Sep 2023.
Read more about house prices in IG2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Martley Drive, Ilford, IG2 has a total of 64 addresses. According to our analysis of all the public data, 2, Martley Drive, Ilford is the 6th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £168k more expensive than the average property in IG2.
2, Martley Drive, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Jul 2010.
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, Martley Drive, Ilford is Gants Hill 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, Martley Drive, Ilford, 38.4% of property is privately owned outright and 35.3% 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, Martley Drive, Ilford, 24.3% of residents are recorded as possessing school level qualifications and 51.2% 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, Martley Drive, Ilford, the average age was 35.8 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 2, Martley Drive, Ilford, 0.7% 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, Martley Drive, 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.