According to the public record, 46, Medway Close, Ilford is a mid-century leasehold apartment with 882 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Medway Close, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
46, Medway Close, Ilford has 31 entries in the Land Registry database, most recently in June 2014 and a single entry in the EPC database dated January 2017.
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 46 Medway Close Ilford as £321,930 and the rental value as £1,737 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 46 Medway Close Ilford has increased by £3,803 (1.2%) and its rental value has increased by £79 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 46, Medway Close, Ilford is in very good condition we estimate a sale value of £338,027 and rental value of £1,824 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £299,395 and a rental value of £1,615 per month.
If you were able to purchase this property for the estimated value of £321,930, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,582 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, 46, Medway Close, Ilford was last sold on 06 Jun 2014 for £145,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2014, the market for similar properties has risen 43.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 46, Medway Close, Ilford within a radius of 450 metres over the last 2 years.
The most recent example is 9, Buttsbury Road, Ilford, IG1 2PN, a Leasehold flat which sold for £272,000 in Aug 2022.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Medway Close, Ilford, IG1 has a total of 61 addresses. According to our analysis of all the public data, 46, Medway Close, Ilford is the 22nd largest and the 24th most expensive property on the street.
When compared to the postcode district it is £103k less expensive than the average property in IG1.
46, Medway Close, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Jan 2017.
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 46, Medway Close, Ilford is Barking 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 46, Medway Close, Ilford, 62.7% of property is socially rented and 17.0% 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 46, Medway Close, Ilford, 37.2% of residents are recorded as possessing school level qualifications and 31.1% 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 46, Medway Close, Ilford, the average age was 32.3 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 46, Medway Close, 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 46, Medway Close, 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.