According to the public record, 31, Wanstead Lane, Ilford is a early-century freehold house with 1,270 ft2 of internal area and sits on a 262 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Wanstead Lane, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
31, Wanstead Lane, Ilford has a single entry in the Land Registry database from October 2013 and a single entry in the EPC database dated July 2013.
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 31 Wanstead Lane Ilford as £667,982 and the rental value as £2,604 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 31 Wanstead Lane Ilford has decreased by £142 (0.0%) and its rental value has increased by £45 per month (1.7%).
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 31, Wanstead Lane, Ilford is in very good condition we estimate a sale value of £701,381 and rental value of £2,734 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £621,224 and a rental value of £2,421 per month.
If you were able to purchase this property for the estimated value of £667,982, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,283 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, 31, Wanstead Lane, Ilford sits on a plot of 262m2.
We have plot size data on 13 out of 34 other houses in the postcode and 31, Wanstead Lane, Ilford sits on the 7th largest plot.
According to HM Land Registry, 31, Wanstead Lane, Ilford was last sold on 11 Oct 2013 for £395,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2013, the market for similar properties has risen 58.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 31, Wanstead Lane, Ilford within a radius of 580 metres over the last 2 years.
The most recent example is 4, Preston Gardens, Ilford, IG1 3QG, a Freehold house which sold for £630,000 in Jul 2023.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wanstead Lane, Ilford, IG1 has a total of 208 addresses. According to our analysis of all the public data, 31, Wanstead Lane, Ilford is the 122nd largest and the 97th most expensive property on the street.
When compared to the postcode district it is £243k more expensive than the average property in IG1.
31, Wanstead Lane, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Jul 2013.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 31, Wanstead Lane, Ilford is Redbridge station which is 600 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 31, Wanstead Lane, Ilford, 49.2% of property is privately owned with a mortgage and 40.3% 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 31, Wanstead Lane, Ilford, 24.8% of residents are recorded as possessing school level qualifications and 45.0% 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 31, Wanstead Lane, Ilford, the average age was 37.5 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 31, Wanstead 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 31, Wanstead Lane, Ilford, there are an average of 1.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.