According to the public record, 60, Water Lane, Ilford is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,170 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Water Lane, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
60, Water Lane, Ilford has a single entry in the Land Registry database from April 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 60 Water Lane Ilford as £654,613 and the rental value as £2,481 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 60 Water Lane Ilford has decreased by £5,837 (0.9%) and its rental value has increased by £61 per month (2.5%).
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 60, Water Lane, Ilford is in very good condition we estimate a sale value of £687,343 and rental value of £2,605 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £608,790 and a rental value of £2,308 per month.
If you were able to purchase this property for the estimated value of £654,613, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,217 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, 60, Water Lane, Ilford was last sold on 05 Apr 2007 for £367,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2007, the market for similar properties has risen 79.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 60, Water Lane, Ilford within a radius of 530 metres over the last 2 years.
The most recent example is 36, Parkway, Ilford, IG3 9HU, a Freehold house which sold for £750,000 in Jun 2021.
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, 60, Water Lane, Ilford is the 40th largest and the 32nd most expensive property on the street.
When compared to the postcode district it is £188k more expensive than the average property in IG3.
The closest station to 60, Water Lane, Ilford is Seven Kings station which is 1.0 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 60, Water Lane, Ilford, 37.0% of property is privately owned outright and 36.1% 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 60, Water Lane, Ilford, 30.5% of residents are recorded as possessing school level qualifications and 35.9% 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 60, 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 60, Water Lane, 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 60, Water Lane, Ilford, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.