According to the public record, 40, Gaysham Avenue, Ilford is a early-century leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 40, Gaysham Avenue, Ilford, IG2.
Gaysham Avenue, Ilford, IG2 is located in the borough of Redbridge within the IG2 postal district.
40, Gaysham Avenue, Ilford has 31 entries in the Land Registry database, most recently in September 2019 and a single entry in the EPC database dated October 2016.
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 40 Gaysham Avenue Ilford as £264,307 and the rental value as £1,570 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 40 Gaysham Avenue Ilford has increased by £854 (0.3%) and its rental value has increased by £38 per month (2.4%).
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 40, Gaysham Avenue, Ilford is in very good condition we estimate a sale value of £277,523 and rental value of £1,649 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £245,806 and a rental value of £1,460 per month.
If you were able to purchase this property for the estimated value of £264,307, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,299 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, 40, Gaysham Avenue, Ilford was last sold on 02 Sep 2019 for £285,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2019, the market for similar properties has risen 7.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Gaysham Avenue, Ilford within a radius of 360 metres over the last 2 years.
The most recent example is 44A, Gaysham Avenue, Ilford, IG2 6TJ, a Leasehold flat which sold for £200,000 in May 2022.
Read more about house prices in IG2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gaysham Avenue, Ilford, IG2 has a total of 115 addresses. According to our analysis of all the public data, 40, Gaysham Avenue, Ilford is the 46th largest and the 78th most expensive property on the street.
When compared to the postcode district it is £208k less expensive than the average property in IG2.
40, Gaysham Avenue, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Oct 2016.
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 40, Gaysham Avenue, Ilford is Gants Hill station which is 200 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 40, Gaysham Avenue, Ilford, 37.0% of property is privately owned with a mortgage and 30.4% 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 40, Gaysham Avenue, Ilford, 30.7% of residents are recorded as possessing school level qualifications and 46.9% 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 40, Gaysham Avenue, Ilford, the average age was 35.8 and the most common age was 32.
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 40, Gaysham Avenue, Ilford, 0.8% 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 40, Gaysham Avenue, 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.