According to the public record, 2, Wycliffe House 245-247, Ilford is a modern leasehold apartment with 344 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony and garden.
The apartment is in Wycliffe House, Cranbrook Road, Ilford, IG1.
Cranbrook Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
2, Wycliffe House 245-247, Ilford has a single entry in the Land Registry database from February 2018 and a single entry in the EPC database dated April 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 Wycliffe House 245-247 Ilford as £251,825 and the rental value as £1,156 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 2 Wycliffe House 245-247 Ilford has increased by £2,135 (0.8%) and its rental value has increased by £41 per month (3.6%).
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, Wycliffe House 245-247, Ilford is in very good condition we estimate a sale value of £264,416 and rental value of £1,214 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £234,197 and a rental value of £1,075 per month.
If you were able to purchase this property for the estimated value of £251,825, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,238 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, Wycliffe House 245-247, Ilford was last sold on 05 Feb 2018 for £299,950 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2018, the market for similar properties has risen 6.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Wycliffe House 245-247, Ilford within a radius of 400 metres over the last 2 years.
The most recent example is Flat 4, 20, Mansfield Road, Ilford, IG1 3AZ, a Leasehold flat which sold for £222,500 in Feb 2024.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cranbrook Road, Ilford, IG1 has a total of 328 addresses. According to our analysis of all the public data, 2, Wycliffe House 245-247, Ilford is the 287th largest and the 232nd most expensive property on the street.
When compared to the postcode district it is £173k less expensive than the average property in IG1.
2, Wycliffe House 245-247, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Apr 2021.
The property is not connected to mains gas and has full secondary glazing. It is heated using Boiler and underfloor heating, electric.
The closest station to 2, Wycliffe House 245-247, Ilford is Ilford 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, Wycliffe House 245-247, Ilford, 67.3% of property is privately rented and 15.3% 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, Wycliffe House 245-247, Ilford, 20.2% of residents are recorded as possessing school level qualifications and 42.7% 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, Wycliffe House 245-247, Ilford, the average age was 33.7 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, Wycliffe House 245-247, 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, Wycliffe House 245-247, Ilford, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.