According to the public record, 7, Knights Way, Ilford is a mid-century freehold house with 1,119 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Knights Way, Ilford, IG6 is located in the borough of Redbridge within the IG6 postal district.
7, Knights Way, Ilford has a single entry in the Land Registry database from October 2009 and a single entry in the EPC database dated January 2009.
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 7 Knights Way Ilford as £534,440 and the rental value as £2,609 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 7 Knights Way Ilford has increased by £11,265 (2.1%) and its rental value has increased by £83 per month (3.2%).
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 7, Knights Way, Ilford is in very good condition we estimate a sale value of £561,162 and rental value of £2,739 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £497,030 and a rental value of £2,426 per month.
If you were able to purchase this property for the estimated value of £534,440, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,627 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, 7, Knights Way, Ilford was last sold on 09 Oct 2009 for £208,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2009, the market for similar properties has risen 94.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Knights Way, Ilford within a radius of 490 metres over the last 2 years.
The most recent example is 12, Knights Way, Ilford, IG6 2RR, a Freehold house which sold for £545,000 in Oct 2022.
Read more about house prices in IG6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Knights Way, Ilford, IG6 has a total of 46 addresses. According to our analysis of all the public data, 7, Knights Way, Ilford is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £67k more expensive than the average property in IG6.
7, Knights Way, Ilford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 20 Jan 2009.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 7, Knights Way, Ilford is Hainault station which is 900 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Knights Way, Ilford, 40.0% of property is privately owned with a mortgage and 25.2% 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 7, Knights Way, Ilford, 31.0% of residents are recorded as possessing school level qualifications and 41.2% 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 7, Knights Way, 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 7, Knights Way, 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 7, Knights Way, 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.