According to the public record, 42, The Drive, Ilford is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 2,129 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
The Drive, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
42, The Drive, Ilford has a single entry in the Land Registry database from December 2012 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 42 The Drive Ilford as £719,123 and the rental value as £3,415 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 42 The Drive Ilford has decreased by £2,169 (0.3%) and its rental value has increased by £72 per month (2.1%).
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 42, The Drive, Ilford is in very good condition we estimate a sale value of £755,079 and rental value of £3,585 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £668,784 and a rental value of £3,176 per month.
If you were able to purchase this property for the estimated value of £719,123, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,534 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, The Drive, Ilford was last sold on 18 Dec 2012 for £550,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2012, the market for similar properties has risen 78.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, The Drive, Ilford within a radius of 400 metres over the last 2 years.
The most recent example is 9, Courtland Avenue, Ilford, IG1 3DN, a Freehold house which sold for £840,000 in Dec 2023.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Drive, Ilford, IG1 has a total of 353 addresses. According to our analysis of all the public data, 42, The Drive, Ilford is the 29th largest and the 76th most expensive property on the street.
When compared to the postcode district it is £294k more expensive than the average property in IG1.
The closest station to 42, The Drive, Ilford is Ilford station which is 1.0 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, The Drive, Ilford, 60.9% of property is privately rented and 18.5% 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, The Drive, Ilford, 27.5% of residents are recorded as possessing school level qualifications and 39.0% 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, The Drive, Ilford, the average age was 37.5 and the most common age was 32.
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, The Drive, Ilford, 2.0% 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, The Drive, 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.