According to the public record, 54, Springfield Drive, Ilford is a early-century freehold house with 893 ft2 of internal area and sits on a 168 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Springfield Drive, Ilford, IG2 is located in the borough of Redbridge within the IG2 postal district.
54, Springfield Drive, Ilford has 2 entries in the Land Registry database, most recently in January 2015 and a single entry in the EPC database dated March 2019.
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 54 Springfield Drive Ilford as £504,595 and the rental value as £2,541 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 54 Springfield Drive Ilford has increased by £12,933 (2.6%) and its rental value has increased by £125 per month (4.9%).
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 54, Springfield Drive, Ilford is in very good condition we estimate a sale value of £529,825 and rental value of £2,669 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £469,274 and a rental value of £2,364 per month.
If you were able to purchase this property for the estimated value of £504,595, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,480 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, 54, Springfield Drive, Ilford sits on a plot of 168m2.
We have plot size data on 11 out of 21 other houses in the postcode and 54, Springfield Drive, Ilford sits on the 6th largest plot.
According to HM Land Registry, 54, Springfield Drive, Ilford was last sold on 16 Jan 2015 for £360,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jan 2015, the market for similar properties has risen 41.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 54, Springfield Drive, Ilford within a radius of 440 metres over the last 2 years.
The most recent example is 75, Yoxley Drive, Ilford, IG2 6PU, a Freehold house which sold for £505,000 in Jan 2023.
Read more about house prices in IG2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Springfield Drive, Ilford, IG2 has a total of 176 addresses. According to our analysis of all the public data, 54, Springfield Drive, Ilford is the 123rd largest and the 110th most expensive property on the street.
When compared to the postcode district it is £32k more expensive than the average property in IG2.
54, Springfield Drive, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Mar 2019.
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 54, Springfield Drive, Ilford is Newbury Park 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 54, Springfield Drive, Ilford, 37.2% of property is privately rented and 25.6% 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 54, Springfield Drive, Ilford, 21.8% of residents are recorded as possessing school level qualifications and 32.3% 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 54, Springfield Drive, Ilford, the average age was 36.6 and the most common age was 37.
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 54, Springfield Drive, 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 54, Springfield Drive, 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.