According to the public record, 50, Melbourne Road, Ilford is a period freehold house with 1,259 ft2 of internal area and sits on a 210 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Melbourne Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
50, Melbourne Road, Ilford has 21 entries in the Land Registry database, most recently in August 2021 and a single entry in the EPC database dated May 2021.
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 50 Melbourne Road Ilford as £570,534 and the rental value as £2,610 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 50 Melbourne Road Ilford has decreased by £1,665 (0.3%) and its rental value has increased by £55 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 50, Melbourne Road, Ilford is in very good condition we estimate a sale value of £599,061 and rental value of £2,740 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £530,597 and a rental value of £2,427 per month.
If you were able to purchase this property for the estimated value of £570,534, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,804 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, 50, Melbourne Road, Ilford sits on a plot of 210m2.
We have plot size data on 4 out of 12 other houses in the postcode and 50, Melbourne Road, Ilford sits on the 4th largest plot.
According to HM Land Registry, 50, Melbourne Road, Ilford was last sold on 27 Aug 2021 for £555,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2021, the market for similar properties has dropped 0.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 50, Melbourne Road, Ilford within a radius of 480 metres over the last 2 years.
The most recent example is 48, Melbourne Road, Ilford, IG1 4LG, a Freehold house which sold for £575,000 in Jan 2024.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melbourne Road, Ilford, IG1 has a total of 56 addresses. According to our analysis of all the public data, 50, Melbourne Road, Ilford is the 38th largest and the 37th most expensive property on the street.
When compared to the postcode district it is £146k more expensive than the average property in IG1.
50, Melbourne Road, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 May 2021.
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 50, Melbourne Road, Ilford is Ilford station which is 800 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 50, Melbourne Road, Ilford, 33.6% of property is privately rented and 31.0% 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 50, Melbourne Road, Ilford, 26.1% of residents are recorded as possessing school level qualifications and 49.8% 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 50, Melbourne Road, Ilford, the average age was 35 and the most common age was 42.
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 50, Melbourne Road, 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 50, Melbourne Road, Ilford, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.