According to the public record, 247, South Park Drive, Ilford is a period freehold house with 1,215 ft2 of internal area and sits on a 291 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
South Park Drive, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
247, South Park Drive, Ilford has a single entry in the Land Registry database from May 2010 and a single entry in the EPC database dated February 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 247 South Park Drive Ilford as £518,127 and the rental value as £2,644 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 247 South Park Drive Ilford has decreased by £167 (0.0%) and its rental value has increased by £92 per month (3.5%).
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 247, South Park Drive, Ilford is in very good condition we estimate a sale value of £544,033 and rental value of £2,777 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £481,858 and a rental value of £2,459 per month.
If you were able to purchase this property for the estimated value of £518,127, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,546 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, 247, South Park Drive, Ilford sits on a plot of 291m2.
We have plot size data on 13 out of 19 other houses in the postcode and 247, South Park Drive, Ilford sits on the 6th largest plot.
According to HM Land Registry, 247, South Park Drive, Ilford was last sold on 10 May 2010 for £249,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2010, the market for similar properties has risen 86.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 247, South Park Drive, Ilford within a radius of 510 metres over the last 2 years.
The most recent example is 333, Eton Road, Ilford, IG1 2UN, a Freehold house which sold for £617,500 in Sep 2023.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
South Park Drive, Ilford, IG3 has a total of 159 addresses. According to our analysis of all the public data, 247, South Park Drive, Ilford is the 55th largest and the 66th most expensive property on the street.
When compared to the postcode district it is £51k more expensive than the average property in IG3.
247, South Park Drive, Ilford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 22 Feb 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 247, South Park Drive, Ilford is Barking station which is 1.5 kilometres 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 247, South Park Drive, Ilford, 40.9% of property is privately owned outright and 40.9% 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 247, South Park Drive, Ilford, 27.1% of residents are recorded as possessing school level qualifications and 39.0% 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 247, South Park Drive, Ilford, the average age was 34.7 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 247, South Park 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 247, South Park Drive, Ilford, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.