According to the public record, 24, Bankside Road, Ilford is a modern freehold house with 850 ft2 of internal area and sits on a 97.9 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Bankside Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
24, Bankside Road, Ilford has a single entry in the Land Registry database from July 2020 and a single entry in the EPC database dated July 2019.
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 24 Bankside Road Ilford as £362,319 and the rental value as £2,015 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 24 Bankside Road Ilford has increased by £7,161 (2.0%) and its rental value has increased by £109 per month (5.4%).
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 24, Bankside Road, Ilford is in very good condition we estimate a sale value of £380,435 and rental value of £2,116 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £336,956 and a rental value of £1,874 per month.
If you were able to purchase this property for the estimated value of £362,319, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,781 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, 24, Bankside Road, Ilford sits on a plot of 98m2.
We have plot size data on 30 out of 32 other houses in the postcode and 24, Bankside Road, Ilford sits on the 4th largest plot.
According to HM Land Registry, 24, Bankside Road, Ilford was last sold on 10 Jul 2020 for £325,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2020, the market for similar properties has risen 11.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Bankside Road, Ilford within a radius of 490 metres over the last 2 years.
The most recent example is 11, Madeline Grove, Ilford, IG1 2RG, a Freehold house which sold for £390,000 in Jul 2023.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bankside Road, Ilford, IG1 has a total of 33 addresses. According to our analysis of all the public data, 24, Bankside Road, Ilford is the 23rd largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £62k less expensive than the average property in IG1.
24, Bankside Road, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Jul 2019.
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 24, Bankside Road, Ilford is Barking station which is 700 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 24, Bankside Road, Ilford, 77.9% of property is socially rented and 7.4% is privately rented.
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 24, Bankside Road, Ilford, 22.6% of residents are recorded as possessing school level qualifications and 34.2% 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 24, Bankside Road, Ilford, the average age was 32.3 and the most common age was 12.
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 24, Bankside Road, 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 24, Bankside Road, Ilford, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.