According to the public record, 562, Eastern Avenue, Ilford is a early-century freehold house with 1,054 ft2 of internal area and sits on a 284 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Eastern Avenue, Ilford, IG2 is located in the borough of Redbridge within the IG2 postal district.
562, Eastern Avenue, Ilford has 3 entries in the Land Registry database, most recently in May 2020 and a single entry in the EPC database dated February 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 562 Eastern Avenue Ilford as £487,218 and the rental value as £2,632 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 562 Eastern Avenue Ilford has increased by £10,975 (2.3%) and its rental value has increased by £120 per month (4.6%).
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 562, Eastern Avenue, Ilford is in very good condition we estimate a sale value of £511,579 and rental value of £2,764 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £453,112 and a rental value of £2,448 per month.
If you were able to purchase this property for the estimated value of £487,218, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,395 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, 562, Eastern Avenue, Ilford sits on a plot of 284m2.
We have plot size data on 18 out of 25 other houses in the postcode and 562, Eastern Avenue, Ilford sits on the 3rd largest plot.
According to HM Land Registry, 562, Eastern Avenue, Ilford was last sold on 19 May 2020 for £490,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since May 2020, the market for similar properties has risen 12.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 562, Eastern Avenue, Ilford within a radius of 470 metres over the last 2 years.
The most recent example is 52, Otley Drive, Ilford, IG2 6SN, a Freehold house which sold for £525,000 in Jun 2024.
Read more about house prices in IG2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eastern Avenue, Ilford, IG2 has a total of 951 addresses. According to our analysis of all the public data, 562, Eastern Avenue, Ilford is the 260th largest and the 316th most expensive property on the street.
When compared to the postcode district it is £15k more expensive than the average property in IG2.
562, Eastern Avenue, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Feb 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 562, Eastern Avenue, Ilford is Gants Hill station which is 500 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 562, Eastern Avenue, Ilford, 39.7% of property is privately owned with a mortgage and 36.0% 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 562, Eastern Avenue, Ilford, 19.6% of residents are recorded as possessing school level qualifications and 45.0% 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 562, Eastern Avenue, 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 562, Eastern Avenue, Ilford, 0.7% 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 562, Eastern Avenue, Ilford, there are an average of 1.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.