According to the public record, 294A, Cranbrook Road, Ilford is a period leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 294, Cranbrook Road, Ilford, IG1.
Cranbrook Road, Ilford, IG1 is located in the borough of Redbridge within the IG1 postal district.
294A, Cranbrook Road, Ilford has 21 entries in the Land Registry database, most recently in April 2018 and a single entry in the EPC database dated December 2017.
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 294A Cranbrook Road Ilford as £322,900 and the rental value as £1,536 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 294A Cranbrook Road Ilford has increased by £4,950 (1.5%) and its rental value has increased by £49 per month (3.2%).
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 294A, Cranbrook Road, Ilford is in very good condition we estimate a sale value of £339,045 and rental value of £1,612 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £300,297 and a rental value of £1,428 per month.
If you were able to purchase this property for the estimated value of £322,900, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,587 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, 294A, Cranbrook Road, Ilford was last sold on 27 Apr 2018 for £335,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2018, the market for similar properties has risen 4.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 294A, Cranbrook Road, Ilford within a radius of 520 metres over the last 2 years.
The most recent example is Flat 3, Mistley Thorn 5, Cranbrook Rise, Ilford, IG1 3QP, a Leasehold flat which sold for £310,000 in Jun 2023.
Read more about house prices in IG1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cranbrook Road, Ilford, IG1 has a total of 328 addresses. According to our analysis of all the public data, 294A, Cranbrook Road, Ilford is the 159th largest and the 176th most expensive property on the street.
When compared to the postcode district it is £102k less expensive than the average property in IG1.
294A, Cranbrook Road, Ilford has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Dec 2017.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 294A, Cranbrook Road, Ilford is Gants Hill station which is 600 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 294A, Cranbrook Road, Ilford, 35.9% of property is privately rented and 31.6% 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 294A, Cranbrook Road, Ilford, 26.3% of residents are recorded as possessing school level qualifications and 39.9% 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 294A, Cranbrook Road, Ilford, the average age was 37.5 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 294A, Cranbrook Road, Ilford, 2.0% 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 294A, Cranbrook Road, Ilford, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.