According to the public record, 21, Otley Drive, Ilford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,154 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Otley Drive, Ilford, IG2 is located in the borough of Redbridge within the IG2 postal district.
21, Otley Drive, Ilford has a single entry in the Land Registry database from July 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 21 Otley Drive Ilford as £556,962 and the rental value as £2,864 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 21 Otley Drive Ilford has increased by £9,034 (1.6%) and its rental value has increased by £112 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 21, Otley Drive, Ilford is in very good condition we estimate a sale value of £584,810 and rental value of £3,007 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £517,975 and a rental value of £2,664 per month.
If you were able to purchase this property for the estimated value of £556,962, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,737 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, 21, Otley Drive, Ilford was last sold on 12 Jul 2007 for £320,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2007, the market for similar properties has risen 82.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 21, Otley Drive, Ilford within a radius of 380 metres over the last 2 years.
The most recent example is 63, Headley Drive, Ilford, IG2 6LU, a Freehold house which sold for £505,000 in Oct 2023.
Read more about house prices in IG2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Otley Drive, Ilford, IG2 has a total of 139 addresses. According to our analysis of all the public data, 21, Otley Drive, Ilford is the 41st largest and the 57th most expensive property on the street.
When compared to the postcode district it is £84k more expensive than the average property in IG2.
The closest station to 21, Otley Drive, Ilford is Gants Hill station which is 400 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 21, Otley Drive, Ilford, 37.8% of property is privately owned with a mortgage and 37.0% 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 21, Otley Drive, Ilford, 24.7% 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 21, Otley 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 21, Otley Drive, 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 21, Otley Drive, Ilford, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.