According to the public record, 41, Park Avenue, Ilford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 724 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Park Avenue, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
41, Park Avenue, Ilford has a single entry in the Land Registry database from October 2010 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 Park Avenue Ilford as £328,797 and the rental value as £1,707 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 41 Park Avenue Ilford has increased by £4,425 (1.3%) and its rental value has increased by £70 per month (4.1%).
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, Park Avenue, Ilford is in very good condition we estimate a sale value of £345,237 and rental value of £1,793 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £305,781 and a rental value of £1,588 per month.
If you were able to purchase this property for the estimated value of £328,797, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,616 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, Park Avenue, Ilford was last sold on 20 Oct 2010 for £200,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2010, the market for similar properties has risen 79.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, Park Avenue, Ilford within a radius of 440 metres over the last 2 years.
The most recent example is 61A, Balfour Road, Ilford, IG1 4HR, a Leasehold flat which sold for £350,000 in Jun 2023.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Avenue, Ilford, IG1 has a total of 87 addresses. According to our analysis of all the public data, 41, Park Avenue, Ilford is the 61st largest and the 25th most expensive property on the street.
When compared to the postcode district it is £96k less expensive than the average property in IG1.
The closest station to 41, Park Avenue, Ilford is Ilford station which is 500 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, Park Avenue, Ilford, 59.8% of property is privately rented and 18.7% 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, Park Avenue, Ilford, 25.5% of residents are recorded as possessing school level qualifications and 52.2% 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, Park Avenue, Ilford, the average age was 35 and the most common age was 42.
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, Park Avenue, Ilford, 1.6% 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, Park Avenue, Ilford, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.