According to the public record, 40, South Park Terrace, Ilford is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,201 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
South Park Terrace, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
40, South Park Terrace, Ilford has 21 entries in the Land Registry database, most recently in May 2009 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 40 South Park Terrace Ilford as £499,312 and the rental value as £2,586 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 40 South Park Terrace Ilford has increased by £1,374 (0.3%) and its rental value has increased by £94 per month (3.6%).
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, South Park Terrace, Ilford is in very good condition we estimate a sale value of £524,278 and rental value of £2,715 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £464,360 and a rental value of £2,405 per month.
If you were able to purchase this property for the estimated value of £499,312, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,454 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, South Park Terrace, Ilford was last sold on 15 May 2009 for £257,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2009, the market for similar properties has risen 104.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, South Park Terrace, Ilford within a radius of 480 metres over the last 2 years.
The most recent example is 125, South Park Drive, Ilford, IG3 9AD, a Freehold house which sold for £443,000 in Nov 2023.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
South Park Terrace, Ilford, IG1 has a total of 48 addresses. According to our analysis of all the public data, 40, South Park Terrace, Ilford is the 9th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £75k more expensive than the average property in IG1.
The closest station to 40, South Park Terrace, Ilford is Seven Kings station which is 1.1 kilometres 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, South Park Terrace, Ilford, 37.0% of property is privately owned outright and 36.1% 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 40, South Park Terrace, Ilford, 30.5% of residents are recorded as possessing school level qualifications and 35.9% 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, South Park Terrace, Ilford, the average age was 34.7 and the most common age was 12.
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, South Park Terrace, Ilford, 0.7% 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, South Park Terrace, 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.