According to the public record, 2A, Melford Road, Ilford is a period freehold house with 816 ft2 of internal area and sits on a 117 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Melford Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
2A, Melford Road, Ilford has 31 entries in the Land Registry database, most recently in June 2012 and a single entry in the EPC database dated February 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 2A Melford Road Ilford as £362,455 and the rental value as £2,026 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 2A Melford Road Ilford has increased by £6,452 (1.8%) and its rental value has increased by £102 per month (5.0%).
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 2A, Melford Road, Ilford is in very good condition we estimate a sale value of £380,578 and rental value of £2,127 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £337,083 and a rental value of £1,884 per month.
If you were able to purchase this property for the estimated value of £362,455, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,781 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 data from HM Land Registry, 2A, Melford Road, Ilford sits on a plot of 117m2.
We have plot size data on 12 out of 15 other houses in the postcode and 2A, Melford Road, Ilford sits on the 9th largest plot.
According to HM Land Registry, 2A, Melford Road, Ilford was last sold on 06 Jun 2012 for £191,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jun 2012, the market for similar properties has risen 94.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2A, Melford Road, Ilford within a radius of 460 metres over the last 2 years.
The most recent example is 9, Pelham Road, Ilford, IG1 1RF, a Freehold house which sold for £445,000 in Sep 2023.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melford Road, Ilford, IG1 has a total of 22 addresses. According to our analysis of all the public data, 2A, Melford Road, Ilford is the 11th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £62k less expensive than the average property in IG1.
2A, Melford Road, Ilford has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 13 Feb 2012.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to 2A, Melford Road, Ilford is Seven Kings station which is 800 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 2A, Melford Road, Ilford, 36.2% of property is privately owned with a mortgage and 34.1% 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 2A, Melford Road, Ilford, 29.1% of residents are recorded as possessing school level qualifications and 42.3% 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 2A, Melford Road, Ilford, the average age was 33.7 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 2A, Melford Road, 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 2A, Melford Road, Ilford, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.