According to the public record, 40, Springfield Drive, Ilford is a early-century house with 1,022 ft2 of internal area and sits on a 163 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.
40, Springfield Drive, Ilford has no recent1 records in the Land Registry database and a single entry in the EPC database dated March 2023.
We combine this information with public data 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 Springfield Drive Ilford as £539,049 and the rental value as £2,666 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 40 Springfield Drive Ilford has increased by £13,816 (2.6%) and its rental value has increased by £131 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 40, Springfield Drive, Ilford is in very good condition we estimate a sale value of £566,002 and rental value of £2,799 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £501,316 and a rental value of £2,479 per month.
If you were able to purchase this property for the estimated value of £539,049, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,649 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, 40, Springfield Drive, Ilford sits on a plot of 163m2.
We have plot size data on 11 out of 21 other houses in the postcode and 40, Springfield Drive, Ilford sits on the 9th largest plot.
According to HM Land Registry, 40, Springfield Drive, Ilford was last sold on 20 Jun 2003 for £212,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Springfield Drive, Ilford within a radius of 440 metres over the last 2 years.
The most recent example is 52, Yoxley Drive, Ilford, IG2 6PU, a Freehold house which sold for £530,000 in Jun 2022.
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, 40, Springfield Drive, Ilford is the 67th largest and the 74th most expensive property on the street.
When compared to the postcode district it is £67k more expensive than the average property in IG2.
40, Springfield Drive, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Mar 2023.
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, 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 40, 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 40, 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 40, 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 40, 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 40, 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.