According to the public record, 2 Studley Court, Ilford is a mid-century leasehold apartment with 882 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Studley Court, Studley Drive, Ilford, IG4.
Studley Drive, Ilford, IG4 is located in the borough of Redbridge within the IG4 postal district.
2 Studley Court, Ilford has 2 entries in the Land Registry database, most recently in June 2022 and a single entry in the EPC database dated August 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 2 Studley Court Ilford as £301,117 and the rental value as £1,431 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 2 Studley Court Ilford has increased by £3,926 (1.3%) and its rental value has increased by £34 per month (2.3%).
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 Studley Court, Ilford is in very good condition we estimate a sale value of £316,173 and rental value of £1,503 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £280,039 and a rental value of £1,331 per month.
If you were able to purchase this property for the estimated value of £301,117, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,480 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 Studley Court, Ilford was last sold on 17 Jun 2022 for £305,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2022, the market for similar properties has dropped 2.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Studley Court, Ilford within a radius of 650 metres over the last 2 years.
The most recent example is 26, Roding Lodge, Royston Gardens, Ilford, IG1 3ST, a Leasehold flat which sold for £325,000 in Oct 2021.
Read more about house prices in IG4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Studley Drive, Ilford, IG4 has a total of 53 addresses. According to our analysis of all the public data, 2 Studley Court, Ilford is the 38th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £245k less expensive than the average property in IG4.
2 Studley Court, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Aug 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 2 Studley Court, 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 2 Studley Court, 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 2 Studley Court, 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 2 Studley Court, 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 2 Studley Court, 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 2 Studley Court, 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.