According to the public record, 58, Vincent Close, Ilford is a mid-century leasehold apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Vincent Close, Ilford, IG6 is located in the borough of Redbridge within the IG6 postal district.
58, Vincent Close, Ilford has 21 entries in the Land Registry database, most recently in May 2011 and a single entry in the EPC database dated September 2021.
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 58 Vincent Close Ilford as £292,171 and the rental value as £1,586 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 58 Vincent Close Ilford has increased by £6,109 (2.1%) and its rental value has increased by £53 per month (3.3%).
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 58, Vincent Close, Ilford is in very good condition we estimate a sale value of £306,779 and rental value of £1,666 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £271,719 and a rental value of £1,475 per month.
If you were able to purchase this property for the estimated value of £292,171, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,436 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, 58, Vincent Close, Ilford was last sold on 09 May 2011 for £162,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2011, the market for similar properties has risen 67.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 58, Vincent Close, Ilford within a radius of 380 metres over the last 2 years.
The most recent example is 48, Vincent Close, Ilford, IG6 2SZ, a Leasehold flat which sold for £278,300 in Jan 2023.
Read more about house prices in IG6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Vincent Close, Ilford, IG6 has a total of 58 addresses. According to our analysis of all the public data, 58, Vincent Close, Ilford is the 56th largest and the 56th most expensive property on the street.
When compared to the postcode district it is £176k less expensive than the average property in IG6.
58, Vincent Close, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Sep 2021.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 58, Vincent Close, Ilford is Hainault 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 58, Vincent Close, Ilford, 41.7% of property is privately owned with a mortgage and 33.0% 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 58, Vincent Close, Ilford, 20.4% of residents are recorded as possessing school level qualifications and 39.5% 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 58, Vincent Close, Ilford, the average age was 37.1 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 58, Vincent Close, 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 58, Vincent Close, 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.