According to the public record, 83, Wellesley Road, Ilford is a period leasehold apartment with 796 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in 83, Wellesley Road, Ilford, IG1.
Wellesley Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
83, Wellesley Road, Ilford has a single entry in the Land Registry database from July 2021 and a single entry in the EPC database dated September 2021.
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 83 Wellesley Road Ilford as £374,198 and the rental value as £1,828 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 83 Wellesley Road Ilford has increased by £8,073 (2.2%) and its rental value has increased by £84 per month (4.6%).
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 83, Wellesley Road, Ilford is in very good condition we estimate a sale value of £392,908 and rental value of £1,920 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £348,004 and a rental value of £1,700 per month.
If you were able to purchase this property for the estimated value of £374,198, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,839 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, 83, Wellesley Road, Ilford was last sold on 30 Jul 2021 for £250,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2021, the market for similar properties has risen 3.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 83, Wellesley Road, Ilford within a radius of 410 metres over the last 2 years.
The most recent example is 52, Coventry Road, Ilford, IG1 4RD, a Leasehold flat which sold for £355,000 in Mar 2024.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wellesley Road, Ilford, IG1 has a total of 272 addresses. According to our analysis of all the public data, 83, Wellesley Road, Ilford is the 152nd largest and the 137th most expensive property on the street.
When compared to the postcode district it is £51k less expensive than the average property in IG1.
83, Wellesley Road, Ilford has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 24 Sep 2021.
The property is connected to mains gas and has single glazed windows. It is heated using Room heaters, electric.
The closest station to 83, Wellesley Road, Ilford is Ilford station which is 900 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 83, Wellesley Road, Ilford, 33.3% of property is privately owned outright and 32.6% 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 83, Wellesley Road, Ilford, 25.3% of residents are recorded as possessing school level qualifications and 47.0% 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 83, Wellesley Road, Ilford, the average age was 35 and the most common age was 42.
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 83, Wellesley Road, 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 83, Wellesley Road, 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.