According to the public record, 36, Spearpoint Gardens, Ilford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,051 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Spearpoint Gardens, Ilford, IG2 is located in the borough of Redbridge within the IG2 postal district.
36, Spearpoint Gardens, Ilford has a single entry in the Land Registry database from April 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 36 Spearpoint Gardens Ilford as £526,063 and the rental value as £2,666 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 36 Spearpoint Gardens Ilford has increased by £11,021 (2.1%) and its rental value has increased by £126 per month (4.7%).
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 36, Spearpoint Gardens, Ilford is in very good condition we estimate a sale value of £552,366 and rental value of £2,799 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £489,238 and a rental value of £2,479 per month.
If you were able to purchase this property for the estimated value of £526,063, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,585 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, 36, Spearpoint Gardens, Ilford was last sold on 07 Apr 2008 for £285,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2008, the market for similar properties has risen 94.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 36, Spearpoint Gardens, Ilford within a radius of 820 metres over the last 2 years.
The most recent example is 28, Ramsgill Drive, Ilford, IG2 7TR, a Freehold house which sold for £615,000 in Nov 2023.
Read more about house prices in IG2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spearpoint Gardens, Ilford, IG2 has a total of 64 addresses. According to our analysis of all the public data, 36, Spearpoint Gardens, Ilford is the 19th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £54k more expensive than the average property in IG2.
The closest station to 36, Spearpoint Gardens, Ilford is Newbury Park station which is 900 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 36, Spearpoint Gardens, 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 36, Spearpoint Gardens, 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 36, Spearpoint Gardens, 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 36, Spearpoint Gardens, 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 36, Spearpoint Gardens, 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.