According to the public record, 71, Lavender Place, Ilford is a modern leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Lavender Place, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
71, Lavender Place, Ilford has 31 entries in the Land Registry database, most recently in December 2014 and a single entry in the EPC database dated March 2020.
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 71 Lavender Place Ilford as £203,843 and the rental value as £1,262 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 71 Lavender Place Ilford has increased by £1,591 (0.8%) and its rental value has increased by £46 per month (3.6%).
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 71, Lavender Place, Ilford is in very good condition we estimate a sale value of £214,035 and rental value of £1,325 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £189,574 and a rental value of £1,174 per month.
If you were able to purchase this property for the estimated value of £203,843, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,002 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, 71, Lavender Place, Ilford was last sold on 19 Dec 2014 for £150,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Dec 2014, the market for similar properties has risen 35.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 71, Lavender Place, Ilford within a radius of 400 metres over the last 2 years.
The most recent example is 107, Lavender Place, Ilford, IG1 2BG, a Leasehold flat which sold for £200,000 in Sep 2022.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lavender Place, Ilford, IG1 has a total of 163 addresses. According to our analysis of all the public data, 71, Lavender Place, Ilford is the 132nd largest and the 135th most expensive property on the street.
When compared to the postcode district it is £221k less expensive than the average property in IG1.
71, Lavender Place, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Mar 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 71, Lavender Place, Ilford is Barking station which is 1.1 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 71, Lavender Place, Ilford, 57.3% of property is socially rented and 36.6% is privately rented.
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 71, Lavender Place, Ilford, 24.9% of residents are recorded as possessing school level qualifications and 41.5% 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 71, Lavender Place, Ilford, the average age was 31.9 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 71, Lavender Place, 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 71, Lavender Place, Ilford, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.