According to the public record, 56, Water Lane, Ilford is a period house with 1,894 ft2 of internal area and sits on a 688 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Water Lane, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
56, Water Lane, Ilford has no recent1 records in the Land Registry database and a single entry in the EPC database dated October 2020.
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 56 Water Lane Ilford as £963,691 and the rental value as £3,187 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 56 Water Lane Ilford has decreased by £14,467 (1.5%) and its rental value has increased by £58 per month (1.8%).
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 56, Water Lane, Ilford is in very good condition we estimate a sale value of £1,011,876 and rental value of £3,347 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £896,233 and a rental value of £2,964 per month.
If you were able to purchase this property for the estimated value of £963,691, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,736 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, 56, Water Lane, Ilford sits on a plot of 688m2.
We have plot size data on 8 out of 19 other houses in the postcode and 56, Water Lane, Ilford sits on the 5th largest plot.
According to HM Land Registry, 56, Water Lane, Ilford was last sold on 23 Feb 2000 for £265,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Water Lane, Ilford within a radius of 540 metres over the last 2 years.
The most recent example is 12, Levett Gardens, Ilford, IG3 9BT, a Freehold house which sold for £760,000 in Apr 2024.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Water Lane, Ilford, IG3 has a total of 88 addresses. According to our analysis of all the public data, 56, Water Lane, Ilford is the 18th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £497k more expensive than the average property in IG3.
56, Water Lane, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Oct 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 56, Water Lane, Ilford is Seven Kings station which is 900 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 56, Water Lane, Ilford, 34.5% of property is privately owned with a mortgage and 31.7% is privately owned outright.
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 56, Water Lane, Ilford, 19.6% of residents are recorded as possessing school level qualifications and 38.9% 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 56, Water Lane, Ilford, the average age was 34.7 and the most common age was 12.
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 56, Water Lane, 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 56, Water Lane, Ilford, there are an average of 1.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.