According to the public record, 40, Vernon Road, Ilford is a period leasehold house with 1,119 ft2 of internal area and sits on a 192 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Vernon Road, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
40, Vernon Road, Ilford has 21 entries in the Land Registry database, most recently in March 2015 and a single entry in the EPC database dated June 2013.
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 Vernon Road Ilford as £500,599 and the rental value as £2,449 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 40 Vernon Road Ilford has increased by £3,490 (0.7%) and its rental value has increased by £99 per month (4.0%).
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, Vernon Road, Ilford is in very good condition we estimate a sale value of £525,629 and rental value of £2,572 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £465,557 and a rental value of £2,278 per month.
If you were able to purchase this property for the estimated value of £500,599, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,460 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, Vernon Road, Ilford sits on a plot of 192m2.
We have plot size data on 25 out of 36 other houses in the postcode and 40, Vernon Road, Ilford sits on the 17th largest plot.
According to HM Land Registry, 40, Vernon Road, Ilford was last sold on 05 Mar 2015 for £325,000 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since Mar 2015, the market for similar properties has risen 36.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Vernon Road, Ilford within a radius of 410 metres over the last 2 years.
The most recent example is 46, Felbrigge Road, Ilford, IG3 8DP, a Freehold house which sold for £510,000 in Jan 2024.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Vernon Road, Ilford, IG3 has a total of 94 addresses. According to our analysis of all the public data, 40, Vernon Road, Ilford is the 60th largest and the 44th most expensive property on the street.
When compared to the postcode district it is £34k more expensive than the average property in IG3.
40, Vernon Road, Ilford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 11 Jun 2013.
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, Vernon Road, Ilford is Seven Kings 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, Vernon Road, Ilford, 37.4% of property is privately rented and 33.1% 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, Vernon Road, Ilford, 23.3% of residents are recorded as possessing school level qualifications and 30.5% 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, Vernon Road, Ilford, the average age was 34.2 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, Vernon Road, 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, Vernon Road, 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.