According to the public record, 96, Otley Drive, Ilford is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,205 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Otley Drive, Ilford, IG2 is located in the borough of Redbridge within the IG2 postal district.
96, Otley Drive, Ilford has a single entry in the Land Registry database from July 2007 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 96 Otley Drive Ilford as £623,150 and the rental value as £2,889 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 96 Otley Drive Ilford has increased by £8,896 (1.4%) and its rental value has increased by £109 per month (3.8%).
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 96, Otley Drive, Ilford is in very good condition we estimate a sale value of £654,308 and rental value of £3,033 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £579,530 and a rental value of £2,687 per month.
If you were able to purchase this property for the estimated value of £623,150, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,063 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, 96, Otley Drive, Ilford was last sold on 18 Jul 2007 for £357,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2007, the market for similar properties has risen 82.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 96, Otley Drive, Ilford within a radius of 440 metres over the last 2 years.
The most recent example is 10, Denham Drive, Ilford, IG2 6QU, a Freehold house which sold for £595,000 in Jul 2023.
Read more about house prices in IG2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Otley Drive, Ilford, IG2 has a total of 139 addresses. According to our analysis of all the public data, 96, Otley Drive, Ilford is the 33rd largest and the 25th most expensive property on the street.
When compared to the postcode district it is £151k more expensive than the average property in IG2.
The closest station to 96, Otley Drive, Ilford is Gants Hill station which is 700 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 96, Otley Drive, Ilford, 39.3% of property is privately owned outright and 32.1% 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 96, Otley Drive, Ilford, 24.0% of residents are recorded as possessing school level qualifications and 48.9% 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 96, Otley Drive, Ilford, the average age was 36.6 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 96, Otley Drive, Ilford, 0.4% 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 96, Otley Drive, 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.