According to the public record, 42, Meads Lane, Ilford is a period house with 1,140 ft2 of internal area and sits on a 145 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Meads Lane, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
42, Meads Lane, Ilford has no recent1 records in the Land Registry database and a single entry in the EPC database dated May 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 42 Meads Lane Ilford as £502,797 and the rental value as £2,577 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 42 Meads Lane Ilford has increased by £679 (0.1%) and its rental value has increased by £89 per month (3.4%).
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, Meads Lane, Ilford is in very good condition we estimate a sale value of £527,936 and rental value of £2,706 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £467,601 and a rental value of £2,397 per month.
If you were able to purchase this property for the estimated value of £502,797, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,471 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, 42, Meads Lane, Ilford sits on a plot of 145m2.
We have plot size data on 13 out of 20 other houses in the postcode and 42, Meads Lane, Ilford sits on the 12th largest plot.
According to HM Land Registry, 42, Meads Lane, Ilford was last sold on 19 Feb 2003 for £156,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Meads Lane, Ilford within a radius of 470 metres over the last 2 years.
The most recent example is 131, Pembroke Road, Ilford, IG3 8PF, a Freehold house which sold for £442,500 in Feb 2024.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Meads Lane, Ilford, IG3 has a total of 175 addresses. According to our analysis of all the public data, 42, Meads Lane, Ilford is the 29th largest and the 40th most expensive property on the street.
When compared to the postcode district it is £36k more expensive than the average property in IG3.
42, Meads Lane, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 May 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 42, Meads Lane, Ilford is Goodmayes station which is 700 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 42, Meads Lane, Ilford, 54.0% of property is privately owned with a mortgage and 25.7% 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 42, Meads Lane, Ilford, 27.8% of residents are recorded as possessing school level qualifications and 47.2% 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 42, Meads Lane, 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 42, Meads Lane, 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, Meads Lane, Ilford, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.