According to the public record, 559, New North Road, Ilford is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 800 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
New North Road, Ilford, IG6 is located in the borough of Redbridge within the IG6 postal district.
559, New North Road, Ilford has 21 entries in the Land Registry database, most recently in December 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 559 New North Road Ilford as £387,031 and the rental value as £2,125 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 559 New North Road Ilford has increased by £10,859 (2.8%) and its rental value has increased by £116 per month (5.5%).
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 559, New North Road, Ilford is in very good condition we estimate a sale value of £406,382 and rental value of £2,231 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £359,938 and a rental value of £1,976 per month.
If you were able to purchase this property for the estimated value of £387,031, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,902 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, 559, New North Road, Ilford was last sold on 17 Dec 2007 for £193,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Dec 2007, the market for similar properties has risen 96.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 559, New North Road, Ilford within a radius of 510 metres over the last 2 years.
The most recent example is 553, New North Road, Ilford, IG6 3TF, a Freehold house which sold for £360,000 in Apr 2023.
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, 559, New North Road, Ilford is the 293rd largest and the 321st most expensive property on the street.
When compared to the postcode district it is £81k less expensive than the average property in IG6.
The closest station to 559, New North Road, Ilford is Hainault station which is 1.5 kilometres 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 559, 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 559, 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 559, 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 559, 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 559, 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.