According to the public record, 328, Fencepiece Road, Ilford is a mid-century leasehold apartment with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Fencepiece Road, Ilford, IG6 is located in the borough of Redbridge within the IG6 postal district.
328, Fencepiece Road, Ilford has 31 entries in the Land Registry database, most recently in June 2022 and a single entry in the EPC database dated January 2020.
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 328 Fencepiece Road Ilford as £316,877 and the rental value as £1,707 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 328 Fencepiece Road Ilford has increased by £6,626 (2.1%) and its rental value has increased by £57 per month (3.3%).
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 328, Fencepiece Road, Ilford is in very good condition we estimate a sale value of £332,720 and rental value of £1,792 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £294,695 and a rental value of £1,587 per month.
If you were able to purchase this property for the estimated value of £316,877, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,557 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, 328, Fencepiece Road, Ilford was last sold on 17 Jun 2022 for £305,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2022, the market for similar properties has risen 1.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 328, Fencepiece Road, Ilford within a radius of 430 metres over the last 2 years.
The most recent example is 3, Vincent Close, Ilford, IG6 2SZ, a Leasehold flat which sold for £335,000 in Dec 2022.
Read more about house prices in IG6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fencepiece Road, Ilford, IG6 has a total of 309 addresses. According to our analysis of all the public data, 328, Fencepiece Road, Ilford is the 244th largest and the 252nd most expensive property on the street.
When compared to the postcode district it is £151k less expensive than the average property in IG6.
328, Fencepiece Road, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Jan 2020.
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 328, Fencepiece Road, Ilford is Hainault station which is 700 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 328, Fencepiece Road, Ilford, 45.2% of property is privately owned with a mortgage and 30.2% 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 328, Fencepiece Road, Ilford, 20.0% of residents are recorded as possessing school level qualifications and 46.2% 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 328, Fencepiece Road, Ilford, the average age was 37.1 and the most common age was 37.
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 328, Fencepiece Road, Ilford, 0.3% 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 328, Fencepiece Road, Ilford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.