According to the public record, 53, Friars Close, Ilford is a modern apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Friars Close, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
53, Friars Close, Ilford has no recent1 records in the Land Registry database and a single entry in the EPC database dated April 2024.
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 53 Friars Close Ilford as £266,817 and the rental value as £1,474 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 53 Friars Close Ilford has increased by £2,082 (0.8%) and its rental value has increased by £55 per month (3.7%).
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 53, Friars Close, Ilford is in very good condition we estimate a sale value of £280,158 and rental value of £1,547 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £248,140 and a rental value of £1,370 per month.
If you were able to purchase this property for the estimated value of £266,817, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,311 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, 53, Friars Close, Ilford was last sold on 10 Nov 2004 for £169,000 and was recorded as a leasehold flat.
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 53, Friars Close, Ilford within a radius of 450 metres over the last 2 years.
The most recent example is 54, Friars Close, Ilford, IG1 4AZ, a Leasehold flat which sold for £290,000 in Jul 2023.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Friars Close, Ilford, IG1 has a total of 88 addresses. According to our analysis of all the public data, 53, Friars Close, Ilford is the 50th largest and the 49th most expensive property on the street.
When compared to the postcode district it is £158k less expensive than the average property in IG1.
53, Friars Close, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Apr 2024.
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 53, Friars Close, Ilford is Seven Kings station which is 600 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 53, Friars Close, Ilford, 42.2% of property is privately rented and 28.6% 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 53, Friars Close, Ilford, 31.9% of residents are recorded as possessing school level qualifications and 41.9% 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 53, Friars Close, 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 53, Friars Close, Ilford, 0.4% 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 53, Friars Close, Ilford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.