According to the public record, 48, Malvern Drive, Ilford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,188 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Malvern Drive, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
48, Malvern Drive, Ilford has a single entry in the Land Registry database from September 2011 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 48 Malvern Drive Ilford as £505,961 and the rental value as £2,640 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 48 Malvern Drive Ilford has increased by £128 (0.0%) and its rental value has increased by £96 per month (3.6%).
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 48, Malvern Drive, Ilford is in very good condition we estimate a sale value of £531,259 and rental value of £2,772 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £470,544 and a rental value of £2,455 per month.
If you were able to purchase this property for the estimated value of £505,961, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,487 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, 48, Malvern Drive, Ilford was last sold on 02 Sep 2011 for £270,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2011, the market for similar properties has risen 88.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 48, Malvern Drive, Ilford within a radius of 440 metres over the last 2 years.
The most recent example is 48, Thurlestone Avenue, Ilford, IG3 9DU, a Freehold house which sold for £468,000 in Apr 2024.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Malvern Drive, Ilford, IG3 has a total of 79 addresses. According to our analysis of all the public data, 48, Malvern Drive, Ilford is the 26th largest and the 44th most expensive property on the street.
When compared to the postcode district it is £39k more expensive than the average property in IG3.
The closest station to 48, Malvern Drive, Ilford is Upney station which is 1.3 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 48, Malvern Drive, Ilford, 34.0% of property is socially rented and 30.1% is privately owned with a mortgage.
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 48, Malvern Drive, Ilford, 22.9% of residents are recorded as possessing school level qualifications and 37.0% 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 48, Malvern Drive, 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 48, Malvern Drive, 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 48, Malvern Drive, Ilford, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.