According to the public record, 55, Piper Way, Ilford is a modern leasehold apartment with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Piper Way, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
55, Piper Way, Ilford has a single entry in the Land Registry database from January 2007 and a single entry in the EPC database dated May 2020.
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 55 Piper Way Ilford as £276,622 and the rental value as £1,534 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 55 Piper Way Ilford has increased by £2,159 (0.8%) and its rental value has increased by £57 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 55, Piper Way, Ilford is in very good condition we estimate a sale value of £290,453 and rental value of £1,611 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £257,258 and a rental value of £1,427 per month.
If you were able to purchase this property for the estimated value of £276,622, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,360 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, 55, Piper Way, Ilford was last sold on 19 Jan 2007 for £185,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2007, the market for similar properties has risen 56.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55, Piper Way, Ilford within a radius of 460 metres over the last 2 years.
The most recent example is 15, Piper Way, Ilford, IG1 4DA, a Leasehold flat which sold for £257,500 in Mar 2024.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Piper Way, Ilford, IG1 has a total of 157 addresses. According to our analysis of all the public data, 55, Piper Way, Ilford is the 29th largest and the 109th most expensive property on the street.
When compared to the postcode district it is £148k less expensive than the average property in IG1.
55, Piper Way, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 May 2020.
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 55, Piper Way, 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 55, Piper Way, Ilford, 53.6% of property is privately rented and 32.0% is socially rented.
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 55, Piper Way, Ilford, 37.4% of residents are recorded as possessing school level qualifications and 48.9% 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 55, Piper Way, 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 55, Piper Way, 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 55, Piper Way, Ilford, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.