According to the public record, 487, Ley Street, Ilford is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 968 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Ley Street, Ilford, IG2 is located in the borough of Redbridge within the IG2 postal district.
487, Ley Street, Ilford has 21 entries in the Land Registry database, most recently in November 2006 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 487 Ley Street Ilford as £508,849 and the rental value as £2,641 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 487 Ley Street Ilford has increased by £11,089 (2.2%) and its rental value has increased by £128 per month (4.8%).
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 487, Ley Street, Ilford is in very good condition we estimate a sale value of £534,292 and rental value of £2,773 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £473,230 and a rental value of £2,456 per month.
If you were able to purchase this property for the estimated value of £508,849, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,501 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, 487, Ley Street, Ilford was last sold on 09 Nov 2006 for £231,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 487, Ley Street, Ilford within a radius of 440 metres over the last 2 years.
The most recent example is 22, Benton Road, Ilford, IG1 4AT, a Freehold house which sold for £550,000 in Jan 2024.
Read more about house prices in IG2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ley Street, Ilford, IG2 has a total of 245 addresses. According to our analysis of all the public data, 487, Ley Street, Ilford is the 49th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £36k more expensive than the average property in IG2.
The closest station to 487, Ley Street, Ilford is Seven Kings 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 487, Ley Street, Ilford, 36.1% of property is privately rented and 26.5% 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 487, Ley Street, Ilford, 27.4% of residents are recorded as possessing school level qualifications and 36.1% 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 487, Ley Street, Ilford, the average age was 34.1 and the most common age was 17.
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 487, Ley Street, 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 487, Ley Street, Ilford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.