According to the public record, 4, Marion Close, Ilford is a mid-century leasehold apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Marion Close, Ilford, IG6 is located in the borough of Redbridge within the IG6 postal district.
4, Marion Close, Ilford has 31 entries in the Land Registry database, most recently in October 2023 and a single entry in the EPC database dated October 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 4 Marion Close Ilford as £309,367 and the rental value as £1,576 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 4 Marion Close Ilford has increased by £7,522 (2.4%) and its rental value has increased by £53 per month (3.4%).
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, Marion Close, Ilford is in very good condition we estimate a sale value of £324,836 and rental value of £1,654 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £287,712 and a rental value of £1,465 per month.
If you were able to purchase this property for the estimated value of £309,367, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,520 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, Marion Close, Ilford was last sold on 27 Oct 2023 for £330,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2023, the market for similar properties has risen 1.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Marion Close, Ilford within a radius of 410 metres over the last 2 years.
The most recent example is 26, Vincent Close, Ilford, IG6 2SZ, a Leasehold flat which sold for £310,000 in Nov 2023.
Read more about house prices in IG6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Marion Close, Ilford, IG6 has a total of 16 addresses. According to our analysis of all the public data, 4, Marion Close, Ilford is the 14th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £158k less expensive than the average property in IG6.
4, Marion Close, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Oct 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 4, Marion Close, Ilford is Hainault station which is 500 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 4, Marion Close, Ilford, 34.1% of property is privately rented and 31.9% 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, Marion Close, Ilford, 22.4% of residents are recorded as possessing school level qualifications and 38.1% 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, Marion Close, 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 4, Marion Close, 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 4, Marion Close, 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.