According to the public record, 505, New North Road, Ilford is a mid-century freehold house with 1,205 ft2 of internal area and sits on a 131 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
New North Road, Ilford, IG6 is located in the borough of Redbridge within the IG6 postal district.
505, New North Road, Ilford has 31 entries in the Land Registry database, most recently in June 2015 and a single entry in the EPC database dated December 2016.
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 505 New North Road Ilford as £482,183 and the rental value as £2,470 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 505 New North Road Ilford has increased by £11,094 (2.3%) and its rental value has increased by £122 per month (5.0%).
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 505, New North Road, Ilford is in very good condition we estimate a sale value of £506,292 and rental value of £2,593 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £448,430 and a rental value of £2,297 per month.
If you were able to purchase this property for the estimated value of £482,183, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,370 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, 505, New North Road, Ilford sits on a plot of 131m2.
We have plot size data on 20 out of 53 other houses in the postcode and 505, New North Road, Ilford sits on the 19th largest plot.
According to HM Land Registry, 505, New North Road, Ilford was last sold on 12 Jun 2015 for £300,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jun 2015, the market for similar properties has risen 38.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 505, New North Road, Ilford within a radius of 520 metres over the last 2 years.
The most recent example is 5, Manford Cross, Chigwell, IG7 4AB, a Freehold house which sold for £475,000 in Jun 2024.
Read more about house prices in IG6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New North Road, Ilford, IG6 has a total of 563 addresses. According to our analysis of all the public data, 505, New North Road, Ilford is the 46th largest and the 132nd most expensive property on the street.
When compared to the postcode district it is £14k more expensive than the average property in IG6.
505, New North Road, Ilford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 13 Dec 2016.
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 505, New North Road, Ilford is Hainault station which is 1.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 505, New North Road, Ilford, 37.6% of property is socially rented and 28.2% 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 505, New North Road, Ilford, 21.7% of residents are recorded as possessing school level qualifications and 26.0% 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 505, New North Road, Ilford, the average age was 35.7 and the most common age was 32.
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 505, New North 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 505, New North Road, 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.