According to the public record, 42, Harman Rise, Ilford is a modern leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Harman Rise, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
42, Harman Rise, Ilford has a single entry in the Land Registry database from January 2017 and a single entry in the EPC database dated February 2021.
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 42 Harman Rise Ilford as £261,578 and the rental value as £1,455 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 42 Harman Rise Ilford has increased by £3,838 (1.5%) and its rental value has increased by £73 per month (5.0%).
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 42, Harman Rise, Ilford is in very good condition we estimate a sale value of £274,657 and rental value of £1,528 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £243,268 and a rental value of £1,353 per month.
If you were able to purchase this property for the estimated value of £261,578, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,286 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, 42, Harman Rise, Ilford was last sold on 04 Jan 2017 for £235,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2017, the market for similar properties has risen 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Harman Rise, Ilford within a radius of 500 metres over the last 2 years.
The most recent example is 46, Harman Rise, Ilford, IG3 9FE, a Leasehold flat which sold for £260,000 in Feb 2024.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Harman Rise, Ilford, IG3 has a total of 49 addresses. According to our analysis of all the public data, 42, Harman Rise, Ilford is the 22nd largest and the 30th most expensive property on the street.
When compared to the postcode district it is £205k less expensive than the average property in IG3.
42, Harman Rise, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Feb 2021.
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 42, Harman Rise, Ilford is Barking station which is 1.4 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 42, Harman Rise, Ilford, 40.9% of property is socially rented and 32.2% is privately rented.
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 42, Harman Rise, Ilford, 24.1% of residents are recorded as possessing school level qualifications and 43.0% 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 42, Harman Rise, 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 42, Harman Rise, 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 42, Harman Rise, Ilford, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.