According to the public record, 8, Vincent Close, Ilford is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 621 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Vincent Close, Ilford, IG6 is located in the borough of Redbridge within the IG6 postal district.
8, Vincent Close, Ilford has a single entry in the Land Registry database from April 2009 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 8 Vincent Close Ilford as £311,363 and the rental value as £1,641 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 8 Vincent Close Ilford has increased by £6,511 (2.1%) and its rental value has increased by £55 per month (3.3%).
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, Vincent Close, Ilford is in very good condition we estimate a sale value of £326,931 and rental value of £1,723 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £289,568 and a rental value of £1,526 per month.
If you were able to purchase this property for the estimated value of £311,363, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,530 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, Vincent Close, Ilford was last sold on 17 Apr 2009 for £163,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2009, the market for similar properties has risen 82.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Vincent Close, Ilford within a radius of 400 metres over the last 2 years.
The most recent example is 26, Vincent Close, Ilford, IG6 2SZ, a Leasehold flat which sold for £310,000 in Nov 2023.
Read more about house prices in IG6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Vincent Close, Ilford, IG6 has a total of 58 addresses. According to our analysis of all the public data, 8, Vincent Close, Ilford is the 22nd largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £156k less expensive than the average property in IG6.
The closest station to 8, Vincent Close, Ilford is Hainault station which is 600 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Vincent Close, Ilford, 41.7% of property is privately owned with a mortgage and 33.0% 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 8, Vincent Close, Ilford, 20.4% of residents are recorded as possessing school level qualifications and 39.5% 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 8, Vincent Close, 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 8, Vincent Close, 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 8, Vincent Close, Ilford, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.