According to the public record, 4, Margaret Way, Ilford is a mid-century leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Margaret Way, Ilford, IG4 is located in the borough of Redbridge within the IG4 postal district.
4, Margaret Way, Ilford has a single entry in the Land Registry database from June 2014 and a single entry in the EPC database dated August 2022.
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 4 Margaret Way Ilford as £303,286 and the rental value as £1,328 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 4 Margaret Way Ilford has increased by £3,931 (1.3%) and its rental value has increased by £30 per month (2.2%).
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 4, Margaret Way, Ilford is in very good condition we estimate a sale value of £318,451 and rental value of £1,394 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £282,056 and a rental value of £1,235 per month.
If you were able to purchase this property for the estimated value of £303,286, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,491 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, 4, Margaret Way, Ilford was last sold on 20 Jun 2014 for £62,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2014, the market for similar properties has risen 30.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Margaret Way, Ilford within a radius of 520 metres over the last 2 years.
The most recent example is 39, Margaret Way, Ilford, IG4 5DE, a Leasehold flat which sold for £315,000 in Apr 2022.
Read more about house prices in IG4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Margaret Way, Ilford, IG4 has a total of 62 addresses. According to our analysis of all the public data, 4, Margaret Way, Ilford is the 28th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £243k less expensive than the average property in IG4.
4, Margaret Way, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Aug 2022.
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 4, Margaret Way, Ilford is Redbridge station which is 300 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 4, Margaret Way, Ilford, 45.5% of property is privately rented and 27.3% 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 4, Margaret Way, Ilford, 25.5% of residents are recorded as possessing school level qualifications and 47.9% 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 4, Margaret Way, Ilford, the average age was 38.6 and the most common age was 42.
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 4, Margaret Way, 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 4, Margaret Way, 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.