According to the public record, 59, Reservoir Way, Ilford is a modern leasehold apartment with 968 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Reservoir Way, Ilford, IG6 is located in the borough of Redbridge within the IG6 postal district.
59, Reservoir Way, Ilford has a single entry in the Land Registry database from March 2016 and a single entry in the EPC database dated March 2016.
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 59 Reservoir Way Ilford as £297,763 and the rental value as £1,636 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 59 Reservoir Way Ilford has increased by £3,551 (1.2%) and its rental value has increased by £63 per month (3.8%).
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 59, Reservoir Way, Ilford is in very good condition we estimate a sale value of £312,651 and rental value of £1,718 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £276,920 and a rental value of £1,521 per month.
If you were able to purchase this property for the estimated value of £297,763, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,463 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, 59, Reservoir Way, Ilford was last sold on 24 Mar 2016 for £268,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2016, the market for similar properties has risen 14.2%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 59, Reservoir Way, Ilford within a radius of 530 metres over the last 2 years.
The most recent example is 7 Coppice Path Court, Coppice Path, Chigwell, IG7 4AW, a Leasehold flat which sold for £400,000 in May 2021.
Read more about house prices in IG6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Reservoir Way, Ilford, IG6 has a total of 99 addresses. According to our analysis of all the public data, 59, Reservoir Way, Ilford is the 49th largest and the 78th most expensive property on the street.
When compared to the postcode district it is £170k less expensive than the average property in IG6.
59, Reservoir Way, Ilford has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 15 Mar 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 59, Reservoir Way, Ilford is Grange Hill station which is 1.7 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 59, Reservoir Way, Ilford, 45.3% of property is privately owned with a mortgage and 22.6% 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 59, Reservoir Way, Ilford, 23.5% of residents are recorded as possessing school level qualifications and 35.3% 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 59, Reservoir Way, 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 59, Reservoir Way, Ilford, 0.2% 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 59, Reservoir Way, 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.