According to the public record, 5, Griggs Close, Ilford is a modern house with 521 ft2 of internal area and sits on a 194 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Griggs Close, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
5, Griggs Close, Ilford has no records in the Land Registry database and a single entry in the EPC database dated March 2009.
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 5 Griggs Close Ilford as £387,336 and the rental value as £1,687 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 5 Griggs Close Ilford has increased by £6,086 (1.6%) and its rental value has increased by £87 per month (5.1%).
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 5, Griggs Close, Ilford is in very good condition we estimate a sale value of £406,703 and rental value of £1,771 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £360,223 and a rental value of £1,569 per month.
If you were able to purchase this property for the estimated value of £387,336, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,904 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, 5, Griggs Close, Ilford sits on a plot of 194m2.
We have plot size data on 12 out of 13 other houses in the postcode and 5, Griggs Close, Ilford sits on the 2nd largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Griggs Close, Ilford within a radius of 490 metres over the last 2 years.
The most recent example is 73, Chudleigh Crescent, Ilford, IG3 9AT, a Freehold house which sold for £260,000 in May 2021.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Griggs Close, Ilford, IG3 has a total of 13 addresses. According to our analysis of all the public data, 5, Griggs Close, Ilford is the 9th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £80k less expensive than the average property in IG3.
5, Griggs Close, Ilford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 05 Mar 2009.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 5, Griggs Close, Ilford is Seven Kings station which is 1.4 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 5, Griggs Close, Ilford, 51.9% of property is privately owned with a mortgage and 26.7% 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 5, Griggs Close, Ilford, 30.2% of residents are recorded as possessing school level qualifications and 36.4% 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 5, Griggs Close, 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 5, Griggs 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 5, Griggs Close, Ilford, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.