According to the public record, 41, Farnham Road, Ilford is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 709 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Farnham Road, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
41, Farnham Road, Ilford has 31 entries in the Land Registry database, most recently in December 2015 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 41 Farnham Road Ilford as £365,592 and the rental value as £2,001 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 41 Farnham Road Ilford has increased by £4,903 (1.3%) and its rental value has increased by £93 per month (4.6%).
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 41, Farnham Road, Ilford is in very good condition we estimate a sale value of £383,872 and rental value of £2,101 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £340,001 and a rental value of £1,861 per month.
If you were able to purchase this property for the estimated value of £365,592, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,797 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, 41, Farnham Road, Ilford was last sold on 18 Dec 2015 for £225,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Dec 2015, the market for similar properties has risen 22.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, Farnham Road, Ilford within a radius of 540 metres over the last 2 years.
The most recent example is 32, Mordon Road, Ilford, IG3 8QR, a Freehold house which sold for £317,500 in Nov 2019.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Farnham Road, Ilford, IG3 has a total of 54 addresses. According to our analysis of all the public data, 41, Farnham Road, Ilford is the 53rd largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £101k less expensive than the average property in IG3.
The closest station to 41, Farnham Road, Ilford is Goodmayes station which is 800 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 41, Farnham Road, Ilford, 37.8% of property is privately owned with a mortgage and 32.2% 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 41, Farnham Road, Ilford, 27.1% of residents are recorded as possessing school level qualifications and 38.4% 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 41, Farnham 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 41, Farnham Road, Ilford, 0.5% 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 41, Farnham Road, 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.