According to the public record, 8, Cranbrook Rise, Ilford is a period apartment with 893 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in 8, Cranbrook Rise, Ilford, IG1.
Cranbrook Rise, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
8, Cranbrook Rise, Ilford has no recent1 records in the Land Registry database and a single entry in the EPC database dated November 2022.
We combine this information with public data 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 8 Cranbrook Rise Ilford as £381,845 and the rental value as £1,832 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 8 Cranbrook Rise Ilford has increased by £9,320 (2.4%) and its rental value has increased by £76 per month (4.1%).
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 8, Cranbrook Rise, Ilford is in very good condition we estimate a sale value of £400,938 and rental value of £1,923 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £355,116 and a rental value of £1,703 per month.
If you were able to purchase this property for the estimated value of £381,845, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,877 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, 8, Cranbrook Rise, Ilford was last sold on 03 Apr 2000 for £84,995 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Cranbrook Rise, Ilford within a radius of 530 metres over the last 2 years.
The most recent example is 242, Cranbrook Road, Ilford, IG1 4UT, a Leasehold flat which sold for £330,000 in Dec 2021.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cranbrook Rise, Ilford, IG1 has a total of 72 addresses. According to our analysis of all the public data, 8, Cranbrook Rise, Ilford is the 55th largest and the 54th most expensive property on the street.
When compared to the postcode district it is £43k less expensive than the average property in IG1.
8, Cranbrook Rise, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Nov 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 8, Cranbrook Rise, Ilford is Gants Hill 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 8, Cranbrook Rise, Ilford, 42.5% of property is privately owned outright and 37.8% 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 8, Cranbrook Rise, Ilford, 25.9% of residents are recorded as possessing school level qualifications and 52.8% 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 8, Cranbrook Rise, Ilford, the average age was 37.5 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 8, Cranbrook Rise, 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 8, Cranbrook Rise, 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.