According to the public record, 38, Springfield Drive, Ilford is a early-century freehold house with 850 ft2 of internal area and sits on a 171 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Springfield Drive, Ilford, IG2 is located in the borough of Redbridge within the IG2 postal district.
38, Springfield Drive, Ilford has a single entry in the Land Registry database from June 2014 and a single entry in the EPC database dated March 2014.
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 38 Springfield Drive Ilford as £492,478 and the rental value as £2,495 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 38 Springfield Drive Ilford has increased by £12,623 (2.6%) and its rental value has increased by £123 per month (4.9%).
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 38, Springfield Drive, Ilford is in very good condition we estimate a sale value of £517,102 and rental value of £2,620 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £458,004 and a rental value of £2,321 per month.
If you were able to purchase this property for the estimated value of £492,478, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,420 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, 38, Springfield Drive, Ilford sits on a plot of 171m2.
We have plot size data on 11 out of 21 other houses in the postcode and 38, Springfield Drive, Ilford sits on the 5th largest plot.
According to HM Land Registry, 38, Springfield Drive, Ilford was last sold on 09 Jun 2014 for £330,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2014, the market for similar properties has risen 51.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, Springfield Drive, Ilford within a radius of 440 metres over the last 2 years.
The most recent example is 25, Springfield Drive, Ilford, IG2 6PT, a Freehold house which sold for £506,000 in Feb 2023.
Read more about house prices in IG2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Springfield Drive, Ilford, IG2 has a total of 176 addresses. According to our analysis of all the public data, 38, Springfield Drive, Ilford is the 131st largest and the 130th most expensive property on the street.
When compared to the postcode district it is £20k more expensive than the average property in IG2.
38, Springfield Drive, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Mar 2014.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 38, Springfield Drive, Ilford is Newbury Park 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 38, Springfield Drive, Ilford, 37.2% of property is privately rented and 25.6% is privately owned with a mortgage.
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 38, Springfield Drive, Ilford, 21.8% of residents are recorded as possessing school level qualifications and 32.3% 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 38, Springfield Drive, Ilford, the average age was 36.6 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 38, Springfield Drive, 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 38, Springfield Drive, Ilford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.