According to the public record, 249, Oaks Lane, Ilford is a mid-century apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Oaks Lane, Ilford, IG2 is located in the borough of Redbridge within the IG2 postal district.
249, Oaks Lane, Ilford has no recent1 records in the Land Registry database and a single entry in the EPC database dated September 2019.
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 249 Oaks Lane Ilford as £272,725 and the rental value as £1,375 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 249 Oaks Lane Ilford has increased by £74 (0.0%) and its rental value has increased by £36 per month (2.6%).
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 249, Oaks Lane, Ilford is in very good condition we estimate a sale value of £286,361 and rental value of £1,443 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £253,634 and a rental value of £1,278 per month.
If you were able to purchase this property for the estimated value of £272,725, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,340 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, 249, Oaks Lane, Ilford was last sold on 26 Feb 2002 for £82,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 249, Oaks Lane, Ilford within a radius of 870 metres over the last 2 years.
The most recent example is 57, St. Peters Close, Ilford, IG2 7QN, a Leasehold flat which sold for £240,000 in Aug 2023.
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, 249, Oaks Lane, Ilford is the 220th largest and the 190th most expensive property on the street.
When compared to the postcode district it is £200k less expensive than the average property in IG2.
249, Oaks Lane, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Sep 2019.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 249, 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 249, 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 249, 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 249, 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 249, 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 249, 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.