According to the public record, 14A, Goodmayes Lane, Ilford is a early-century leasehold apartment with 365 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 14, Goodmayes Lane, Ilford, IG3.
Goodmayes Lane, Ilford, IG3 is located in the borough of Redbridge within the IG3 postal district.
14A, Goodmayes Lane, Ilford has a single entry in the Land Registry database from October 2018 and a single entry in the EPC database dated June 2012.
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 14A Goodmayes Lane Ilford as £176,306 and the rental value as £1,124 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 14A Goodmayes Lane Ilford has increased by £1,182 (0.7%) and its rental value has increased by £48 per month (4.3%).
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 14A, Goodmayes Lane, Ilford is in very good condition we estimate a sale value of £185,121 and rental value of £1,180 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £163,964 and a rental value of £1,045 per month.
If you were able to purchase this property for the estimated value of £176,306, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £866 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, 14A, Goodmayes Lane, Ilford was last sold on 02 Oct 2018 for £195,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2018, the market for similar properties has risen 8.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 14A, Goodmayes Lane, Ilford within a radius of 430 metres over the last 2 years.
The most recent example is 18 Breamore Court, Breamore Road, Ilford, IG3 9NP, a Leasehold flat which sold for £200,000 in Oct 2022.
Read more about house prices in IG3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Goodmayes Lane, Ilford, IG3 has a total of 265 addresses. According to our analysis of all the public data, 14A, Goodmayes Lane, Ilford is the 245th largest and the 264th most expensive property on the street.
When compared to the postcode district it is £291k less expensive than the average property in IG3.
14A, Goodmayes Lane, Ilford has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Jun 2012.
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 14A, Goodmayes Lane, Ilford is Goodmayes station which is 400 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 14A, Goodmayes Lane, Ilford, 38.4% of property is privately rented and 33.6% 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 14A, Goodmayes Lane, Ilford, 27.0% of residents are recorded as possessing school level qualifications and 42.8% 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 14A, Goodmayes Lane, Ilford, the average age was 34.2 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 14A, Goodmayes Lane, Ilford, 1.2% 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 14A, Goodmayes Lane, Ilford, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.