According to the public record, 248, Oaks Lane, Ilford is a early-century house with 1,334 ft2 of internal area and sits on a 274 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Oaks Lane, Ilford, IG2 is located in the borough of Redbridge within the IG2 postal district.
248, Oaks Lane, Ilford has no records in the Land Registry database and a single entry in the EPC database dated July 2023.
We combine this information with public data 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 248 Oaks Lane Ilford as £606,450 and the rental value as £2,974 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 248 Oaks Lane Ilford has increased by £7,253 (1.2%) and its rental value has increased by £113 per month (3.8%).
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 248, Oaks Lane, Ilford is in very good condition we estimate a sale value of £636,772 and rental value of £3,122 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £563,998 and a rental value of £2,765 per month.
If you were able to purchase this property for the estimated value of £606,450, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,981 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, 248, Oaks Lane, Ilford sits on a plot of 274m2.
We have plot size data on 19 out of 34 other houses in the postcode and 248, Oaks Lane, Ilford sits on the 15th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 248, Oaks Lane, Ilford within a radius of 910 metres over the last 2 years.
The most recent example is 100, Ramsgill Drive, Ilford, IG2 7TP, a Freehold house which sold for £525,000 in Dec 2021.
Read more about house prices in IG2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oaks Lane, Ilford, IG2 has a total of 261 addresses. According to our analysis of all the public data, 248, Oaks Lane, Ilford is the 15th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £134k more expensive than the average property in IG2.
248, Oaks Lane, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Jul 2023.
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 248, Oaks Lane, Ilford is Barkingside station which is 800 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 248, Oaks Lane, Ilford, 41.3% of property is privately owned with a mortgage and 26.5% 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 248, Oaks Lane, Ilford, 26.6% of residents are recorded as possessing school level qualifications and 52.5% 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 248, Oaks Lane, Ilford, the average age was 36.6 and the most common age was 27.
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 248, Oaks Lane, 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 248, Oaks Lane, Ilford, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.